Hi, honestly I see no benefit on transforming Celo in

Celo to migrating from an EVM-compatible L1 protocol to→ an Ethereum L2 protocol blockchain. This is a bullish move that could spike the price of CELO token soon. Read all about it here: https://forum.celo.org/t/clabs-proposal-for-celo-to-transition-to-an-ethereum-l2/6109

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17.07.2023

Olek 🔱

Celo cannot compete with top tier blockchains like Polkadot, Solana or Algorand. Given the high compatibility of Celo with Ethereum, it is good to become an L2.

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17.07.2023

Olek 🔱

TQT hot
Feel free to comment on the forum but what has cUS...

I think that an official bridge and a partnership with Circle wolud be nice. In this way we can deprecate cusd and ceur.

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17.07.2023

🔥Ramon LX

I think this is indeed a valid question. I also wonder how long these algo-stables will keep liquidity on an L2. They could potentially migrate cUSD to a native USDC token from Circle? But that's not really possible for cEUR and cREAL

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19.07.2023

Olek 🔱

I hope they get deprecated in favor of USDC and ERUC

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19.07.2023

🔥Ramon LX

Olek 🔱
I hope they get deprecated in favor of USDC and ER...

Same. Chains don't really have the best track-record creating and managing their own stables 😅

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20.07.2023

Olek 🔱