Celo Chooses OP Stack for Ethereum Migration: Community Vote Planned
After nine months of careful consideration, the developers behind Celo have made a significant decision regarding the project’s future. In a recent forum post on Monday, cLabs, the software company behind Celo, announced that they have chosen OP Stack as the infrastructure for the project’s migration to Ethereum.
This decision comes after cLabs initially announced their intention to migrate to a layer-2 in July 2023. The OP Stack migration will now be put up for a community vote, with plans for the layer-2 to go to testnet in the summer of 2024.
Following this news, both Celo and Optimism’s native tokens saw a roughly 5% increase in value, despite a mostly flat day in the crypto markets, according to CoinGecko.
Celo’s layer-1 was launched on Earth Day 2020 with a focus on global financial inclusivity and environmental health. The project received significant funding, including $30 million from a16z and Polychain in 2019, as well as another $20 million round in 2021.
One of the key factors in choosing OP Stack for the migration was the alignment with Ethereum, as cLabs Chief Technology Officer Marek Olszewski explained. The layer-2 aims to preserve certain features of the layer-1, such as one-block finality, while some lesser-used features may be discontinued.
In considering their options for the layer-2, Celo also looked at tech stacks from Arbitrum, Polygon, and zkSync. However, the decision to go with OP Stack will see Celo joining Optimism’s Superchain of layer-2s, which typically pay Optimism 2.5% in revenue sharing.
The author of cLabs’ proposal noted that the OP Stack is becoming an open standard for layer-2s, and building in the Superchain could lead to positive-sum partnerships with other chains using the tech stack.
Overall, this decision marks a significant step for Celo as it looks to enhance its capabilities and further align with the Ethereum ecosystem. Stay tuned for more updates on this exciting development in the world of crypto.
