Glo Dollar Is Powering Celo Public Goods with $3K in Monthly Grants
In Web3, funding meaningful projects remains a challenge. That’s why Glo Dollar, a US-regulated, 1:1 fiat-backed stablecoin, is changing the game on the Celo blockchain by turning stablecoin profits into a funding engine for public goods.
Glo Dollar is unique: 100% of the yield from its backing assets is donated to public goods on Celo. And right now, they’re distributing $3,000 every month to projects through a creative and community-driven approach known as the Liquidity Flywheel.
What Is the Glo Dollar Liquidity Flywheel?
To fairly distribute monthly grants, Glo Dollar launched a liquidity competition where Celo-based projects can earn recurring rewards. Here’s how it works:
Projects pair their token with Glo Dollar (USDGLO) in a liquidity pool or lending contract.
Community members contribute liquidity.
Based on the total value locked (TVL), projects earn a share of the $3K monthly grant.
This model not only rewards participants, it also boosts liquidity for their own tokens, making markets healthier and more accessible. The bigger the Glo Dollar market cap on Celo, the larger the future grants.
Even modest contributions make a difference. For example, adding just $1,000 worth of liquidity could earn a project around $116 in monthly rewards.
Who’s Eligible to Join?
To participate, projects must meet two basic criteria:
- Be a Celo Public Good.
These are projects contributing to a regenerative economy on Celo. Most are listed in the Celo Public Goods database and have received past grants from CeloPG.
2. Enable Community Liquidity.
Your project must have a token or smart contract that allows your community to contribute to liquidity pools or lending contracts using USDGLO.
Don’t have a token? That’s okay! Projects can still participate by deploying lending markets, commitment pools, or any creative use case involving Glo Dollar.
Why It Matters
This isn’t just about growing Glo Dollar, it’s about creating a self-sustaining, regenerative loop:
- Glo Dollar’s TVL increases
- Projects strengthen their token liquidity
- Celo’s overall ecosystem becomes more robust
- And most importantly, builders receive consistent, no-strings-attached funding to keep doing meaningful work.
How to Get Involved
Whether you’re running a DeFi protocol, a ReFi initiative, or a grassroots community DAO, participating in the Glo Dollar Liquidity Flywheel is a simple and impactful way to:
1. Improve your token’s onchain presence.
2. Earn monthly grant funding.
3. Support the broader Celo ecosystem.
If you’re unsure how to get started, the Glo team is available to help you figure it out either via a quick call or sync support.
Learn more on celo forum
