Celo price went up on Sept 4th right after Celo was listed on Coinbase.
source
And then it kind of went down hill after that... as usual. (coinbase effect π )
But then all the other crypto crashed at the same time, so maybe it was just a bad timing for Celo.
Last time coinbased added Numeraire (NMR), they didn't do it, but this time they did it π
source
I know coinbase is not available everywhere but if you have access to coinbase, you should definitely get it, Free CELO ($6) while it is available.
Celo (cGLD) seems like an ERC-20 token so it can be traded from other ETH tokens.
But cGLD doesn't appear on Uniswap automatically if you want to swap, you need to search by the Contract address π
Address: 0xf5058f3d4209043a316ae82c329e5f2b29f1c62b
I haven't done much research on Celo but it looks like a good coin? because it has a staking option to earn passive income on it. (it is not stakable on coinbase, i think)
According to stakingrewards.com
Annual reward is 7.84% (max 20%)and lock-up period is 3 days.
I think this is not bad compare to Tezos or other tokens, but staking process doesn't seem to be easy. You have to get a special command line interface just for Celo to earn rewards.
Staking reward is automatically distributed daily so you don't need to claim it manually or pay high gas fee for it which is nice.
Validators have a risk of loosing funds by slashing, but the staker's funds are never compromised by slashing so that is pretty cool too.
But I think if a validator gets slashed, staking reward might be affected because indivisual reward is determined by the validator.
On the other hand, a validator is stable and reliable, doing a good job, then the indivisual staking rewards could increase so picking a right validator always seems to be the key.
List of providers here
https://www.stakingrewards.com/earn/celo/providers
Since ETH and DeFi is kind of out of reach for me, I might get back into staking space.
Tezos has been good for me but I might do Celo and see how it works.
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