The Celo Reserve
A diversified portfolio of cryptoassets supporting the ability of the Celo protocol to expand and contract the supply of Celo stable assets, in-line with user demand.
Learn more about CeloCurrent Reserve Holdings
UpdatedCELO
Frozen
Unfrozen
Non-CELO Crypto Assets
BTC
ETH
DAI
Current Composition
Stable Value Assets
Outstanding Supply
Reserve Ratio
Total
Unfrozen
Reserve Addresses
Celo Reserve
0x9380fA34Fd9e4Fd14c06305fd7B6199089eD4eb9CopyCELO with Custodian
0x246f4599eFD3fA67AC44335Ed5e749E518Ffd8bBCopyCELO with Custodian
0x298FbD6dad2Fc2cB56d7E37d8aCad8Bf07324f67CopyReserve Target Allocation
The reserve targets the following allocation (based on protocol governance) over time. The CELO amount allocated to the reserve may be diversified into other non-CELO crypto assets, the market fluctuates constantly and the reserve rebalances systematically, so the actual holdings will be off-target initially. Reserve trades are generally done on exchanges (following best execution principles), with some of the initial diversification trades being done OTC, with multi-year lock-ups on CELO sold. Reserve rebalancings are happening biweekly, targeted in every odd calendar week. A primary upside of using crypto assets in the Reserve is that all user transactions with the Reserve can happen on-chain, in a decentralized and fully-auditable way.
Target Allocation
* Crypto Assets with low volatility. Candidates are decentralised stablecoins e.g. DAI
** Includes cMCO2
About
The Celo Protocol
The Celo protocol provides a platform upon which the Celo community can create stabilized value digital assets. These digital assets aim to track the value of an existing real-world asset (for example, the first one, cUSD, is designed to track the US Dollar). The Celo protocol also includes mechanisms for lightweight identity and ultralight mobile clients.
Read the Celo WhitepaperThe Celo Stability Mechanism
Celo allows for multiple stable-value assets where each asset tracks a measurable value, such as the Dollar, Euro, basket of goods in Greece, the price of a barrel of oil, and more. The protocol is designed to maintain a stable value for each of these assets by adjusting its supply to match demand. The reserve is a mechanism by which the protocol can contract supply.
Reserve Eligible Assets
Reserve asset selection is done through governance by the Celo community. At the moment, any new reserve assets under consideration should be freely traded and settled 24/7 on liquid markets, and should be based on an open-source protocol.
Custodians
CELO is held in the Reserve smart contract. The Celo Reserve ensures that non-CELO reserve assets are held safely through the use of approved, qualified and licensed custodians in a country that is not blacklisted by the Financial Action Task Force or subject to sanctions prohibitions. Custodians are required to make publicly available the assets they hold on behalf of the Celo Reserve to ensure that Celo stakeholders and the broader Celo community have full transparency with respect to reserve assets.
Reserve FAQ