Celo

Celo is a platform that offers opportunities to earn rewards through network participation. It utilizes a unique stability mechanism and token economics, designed to increase the demand for cGLD as the demand for Celo Dollars (cUSD) and other stable value assets rises.

cGLD, a native cryptographic digital asset, was introduced during the mainnet release of the Celo Platform. Contrary to what its name might suggest, cGLD has no connection to physical gold.

Utility and Governance Asset

cGLD serves as both a utility and governance asset on the Celo Platform. It is primarily used for:

• Operating and securing aspects of the platform by running a validator,
• Voting for validators who secure and operate the platform,
• Influencing future decisions related to governance on the platform, and
• Supporting applications on the platform.

cGLD also forms part of an overcollateralized reserve that supports Celo's stable value assets, starting with Celo Dollar or cUSD. The protocol automatically adds cGLD to this reserve whenever there's an increase in supply of any Celo stable value asset.

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