From 281b46d8fd103b79a41e2a7b02383c3e0f1e4b52 Mon Sep 17 00:00:00 2001 From: =?UTF-8?q?Mart=C3=ADn=20Volpe?= Date: Mon, 18 Mar 2024 18:11:00 +0100 Subject: [PATCH] typos --- CGPs/cgp-0127.md | 7 ++++--- 1 file changed, 4 insertions(+), 3 deletions(-) diff --git a/CGPs/cgp-0127.md b/CGPs/cgp-0127.md index 1001b56e..b386114f 100644 --- a/CGPs/cgp-0127.md +++ b/CGPs/cgp-0127.md @@ -13,10 +13,11 @@ date-executed: TBD This proposal adds support of USDC on Celo as a gas fee currency. -Recently, Circle (announced)[https://www.circle.com/blog/what-you-need-to-know-native-usdc-is-launching-on-celo] their plan to deploy native USDC on Celo. USDC is a fully reserved digital dollar, also known as a stablecoin, that’s 100% backed by cash and cash-equivalent assets so that it’s always redeemable 1:1 for US dollars. USDC is one of the largest and most widely used stablecoins with over $24B in circulation as of November 2023.1 +Recently, Circle [announced](https://www.circle.com/blog/what-you-need-to-know-native-usdc-is-launching-on-celo) their plan to deploy native USDC on Celo. USDC is a fully reserved digital dollar, also known as a stablecoin, that’s 100% backed by cash and cash-equivalent assets so that it’s always redeemable 1:1 for US dollars. USDC is one of the largest and most widely used stablecoins with over $24B in circulation as of November 2023. -One of the key features of Celo is the support for users to use stablecoins to pay gas fees. This simplifies the transaction experience by eliminating the need for the user to acquire and hold specific tokens in order to pay for gas. Therefore, in addition to bringing native USDC to Celo, Celo would like to propose enabling USDC as a gas currency for the Celo blockchain. We believe that USDC as a gas currency represents a great opportunity to onboard new users to Celo, by having a simplified user experience for payments and financial transactions powered by one of the most trusted stablecoins as a gas token. With this, users would be able to use their USDC to start transacting right away, without having to get another token. +One of the key features of Celo is the support for users to use stablecoins to pay gas fees. This simplifies the transaction experience by eliminating the need for the user to acquire and hold specific tokens in order to pay for gas. Therefore, in addition to bringing native USDC to Celo, Celo would like to propose enabling USDC as a gas currency for the Celo blockchain. We believe that USDC as a gas currency represents a great opportunity to onboard new users to Celo, by having a simplified user experience for payments and financial transactions powered by one of the most trusted stablecoins as a gas token. With this, users would be able to use their USDC to start transacting right away, without having to get another token. +USDC is the first token to use [Celo's Token Adapter Patter](https://docs.celo.org/protocol/transaction/erc20-transaction-fees#tokens-with-adapters). ## Proposed Changes @@ -28,7 +29,7 @@ Fill out the following template for each transaction in the proposal. - Value: 0 2. Enable USDC as gas currency - Destination: FeeCurrencyWhitelist.addToken - - Data: address token = adpter tokenAddress = USDC Adpter address (`0x2F25deB3848C207fc8E0c34035B3Ba7fC157602B`) + - Data: address token = USDC adpter tokenAddress = USDC Adpter address (`0x2F25deB3848C207fc8E0c34035B3Ba7fC157602B`) - Value: 0 ## Verification