Staking¶
Grassroots Economics Foundation is thrilled to announce this initiative to drive change and foster economic empowerment. As an elected validator on the Celo network, we're inviting you to stake your CELO with us and join a transformative journey towards global sustainability and financial inclusion.
By staking your CELO, you'll earn a competitive ~2-3% APR (an additional yearly increased to your stake Celo of approxiemately 2-3% - for 1 Million Celo you will recieve 20,000+ yearly), while contributing to our ambitious goal of cultivating 1 million acres of regenerative agriculture and over 10,000 daily peer to peer transactions in the next five years. Your support extends beyond financial growth, directly impacting communities by enabling access to the Celo ecosystem, supporting agro-forestry, and revitalizing and interconnecting indigenous mutual aid practices.
With a robust track record of community-driven projects, Grassroots Economics and Sarafu.Network is poised to significantly grow the usage and impact of the Celo blockchain. Our partnership with organizations like the Red Cross for decentralized scaling underscores our commitment to global outreach and economic empowerment.
Join us in making a difference. Stake your CELO with Grassroots Economics and be part of creating a more inclusive, sustainable world. Together, we can transform lives and nurture the planet for future generations.
- Communities create a commitment toward environmental services as well as other related products (in the form of a CAVs (ERC20 Celo tokens))
- Validation Block Rewards (cUSD) are deposited into the liquidity pool (revolving fund) (With 2-3% APR for stakers)
- The Liquidity Pool accepts the vouchers of Grassroots Economics accredited agroforestry communities. These CAVs are exchanged for cUSD in the pool.
- Products from the community are verified and made available for purchase using the CAV vouchers. Digital verification data will be pushed to IPFS and certified by Environmental Expert driven certifications.
- Anyone can exchange cUSD or Celo for CAVs to support communities and can also exchange the CAVs to receive products.
Current Stake¶
To check the total current stake on the GrassrootsEconomics validator (group) check the number of Votes here.
Staking Guide¶
Follow this step-by-step guide to stake with the Grassroots Economics validator on Celo or directly visit our Celo Mondo page and stake with your favourite wallet.
Disclaimer¶
This is not financial advice. Staking, delegation, and cryptocurrencies involve a high degree of risk, and there is always the possibility of loss, including the failure of all staked digital assets.
Obtaining CELO¶
You can obtain CELO using any of the following options:
- Buy on Binance.
- Buy on Coinbase (Listed as CGLD).
- Buy on Ramp.
- Buy on Banxa.
- Bridge from other blockchain.
You can stake using multiple approaches:
Staking with Mondo¶
1. Connect Your Wallet¶
Visit Mondo website and click on "Connect Your Wallet".
2. Stake¶
Click on the Stake button and choose an amount.
Now, you’ve completed all steps for the staking. Staking rewards will be automatically paid once a day. See your account page for more details.