📣Now Live: Proposed next steps for Celo's economic overhaul, including CELO buybacks allocated from at least 50% of network profits, with the majority permanently burned to create deflationary tokenomics as the network scales.

This comes as Celo's network revenue grew at an accelerated rate last year, increasing 10x since January 2024. This revenue growth sets the groundwork for a meaningfully impactful buyback-and-burn mechanism, which onchain activity growth initiatives will accelerate.

The post also introduces a tiered fee structure that maintains ultra-low gas for stablecoin microtransfers while implementing higher fees for large transactions.

Celo has proven product-market fit with global stablecoin growth. Now the economics must support sustained network growth and ensure value flows back to CELO holders, a pivotal moment where network utility translates directly into deflationary pressure and holder value.

Read the Forum Post to learn more: https://t.co/lnYitXO0gQ