cgp-0247: Celo Core Co. Season 3 Funding Proposal

[pahor167]

Summary

Adds CGP-0247 — Celo Core Co. Season 3 funding request: $2,396,000 USD as 31,609,499 CELO (90-day trailing average price of $0.0758, April 15–July 13, 2026) from the unreleased CELO treasury to the Celo Core Co. multisig, per the forum proposal.

Transactions

Same structure as cgp-0246 (#824): CeloUnreleasedTreasury.release is callable only by the registered EpochManager, so the Registry entry is temporarily pointed at Governance and restored, following the precedent of cgp-0207, cgp-0232, and cgp-0238:

1. Registry.setAddressFor("EpochManager", Governance) — temporary
2. CeloUnreleasedTreasury.release(Governance, 31609499000000000000000000) — releases 31,609,499 CELO into the Community Fund
3. Registry.setAddressFor("EpochManager", 0xF424B5e85B290b66aC20f8A9EAB75E25a526725E) — restore
4. GoldToken.increaseAllowance(0xB0D0780eDDC2FA35906C0b37B9b4Dc7583C3DbB0, 31609499000000000000000000) — Celo Core Co. multisig allowance

increaseAllowance (rather than approve) is used so any pre-existing allowance would be preserved. As of authoring, the Governance → multisig allowance is 0.

Verification performed

• Multisig address matches the forum post. On-chain it is a live Gnosis Safe on Celo mainnet with a 3-of-5 signer threshold, seeded with 1 CELO. Note: unlike the Stabila proposal, no signer list is published in the forum post — reviewers may want Celo Core Co. to publish the five signer identities for the record.
• Price cross-checked against CoinGecko for the stated window (April 15 – July 13, 2026): average $0.0760 vs the claimed $0.0758. $2,396,000 / $0.0758 = 31,609,498.68 → 31,609,499 CELO.
• Registry entries (EpochManager, CeloUnreleasedTreasury, Governance, GoldToken) verified against current mainnet state.
• Treasury balance (≈125.6M CELO) covers the release.

Test plan

• Anvil fork of Celo mainnet (block 72996240): executed all 4 transactions from mainnet.json impersonating Governance
• Negative test: release reverts while EpochManager still points at the real EpochManager
• Transfer(treasury -> Governance, 31609499000000000000000000) and Released events emitted
• EpochManager Registry entry restored to 0xF424...725E after execution
• Celo Core Co. multisig allowance increased by exactly 31,609,499 CELO
• Multisig withdrawal via transferFrom succeeds for the full amount; allowance returns to pre-proposal level

Note: native CELO balance movement happens in the transfer precompile (0x...fd), which vanilla anvil does not implement (silent no-op locally); the fork test asserts the emitted events and allowance storage, which pin down calldata, authorization, and accounting.