Opera Seeks 160M CELO Grant to Become a Core Celo Stakeholder

Opera (Nasdaq: OPRA) has posted a proposal on the Celo Governance Forum to replace its current cash arrangement with a three-year token incentive program, CoinDesk reported. The plan calls for a one-time transfer of 160 million CELO from the project's unissued treasury into a multisig wallet controlled by Opera. The requested allocation equals about 27% of CELO's circulating supply and 16% of its 1 billion maximum supply. To limit governance concentration, the proposal would cap voting rights tied to those tokens at 10% of total staked CELO, except in emergency situations.