Summary
Developers behind Celo choose OP Stack for project migration to Ethereum layer-2 after nine months of deliberation. CLabs puts migration up for community vote, with testnet expected in summer 2024. Celo’s layer-1 went live in 2020 with focus on financial inclusivity and environmental health. Migration to OP Stack aims to preserve certain features of layer-1. Optimism’s Superchain of layer-2s could benefit from Celo’s migration.
Key Points
1. The developers behind Celo have chosen OP Stack as the infrastructure for the project’s migration to Ethereum after nine months of deliberation.
2. CLabs, the software company behind Celo, plans to put the OP Stack migration up for a community vote, with a potential testnet launch in summer 2024.
3. Celo’s layer-1 went to mainnet on Earth Day 2020 with a focus on global financial inclusivity and environmental health, raising funding from a16z and Polychain to develop the project.