OP Rewards Impact Analysis: Celer Protocol

[GFXlabs]

@modong

A more complete proposal update will follow.

Hi @modong. Wanted to follow up here. For reference, the governance policy governing this would be:

@system

Mandatory (Violation 7): Must execute the grant in accordance with what is outlined in the approved grant proposal. Grant recipients that wish to change the use of the grant from what is outlined in the proposal must submit a new proposal requesting approval for the change. To do so, they must follow the grants process in place at the time. If the change is not approved, the recipient must execute the grant as outlined in the original proposal or return the portion of grant funding affected by the unapproved change.

The Hundred Finance (Phase 1 grant) request to alter their funding use provides a precedential ruling that Celer will need to submit a new proposal to the Grants Council or return the unused funds. This requirement is not something the Grants Council has control over, and was only recently clarified in the linked thread.

The Duration section of the original proposal suggests a new submission is needed

@modong

Depending on the price of the $OP token, we expect liquidity mining and user onboarding portion to last anywhere from 6 months to a year.

If you can confirm here whether Celer will be making a new submission or returning the funds, that would be great. If you are making a submission for changes, please reach out to @danelund.eth and/or @Gonna.eth if you need guidance on the process.