Deep Tide TechFlow News: On March 19, according to CoinDesk, Opera ( OPRA), a Nasdaq-listed browser company, has submitted a proposal to the Celo governance forum requesting to replace the existing cash agreement with a 3-year token rewards program. Specifically, it proposes a one-time transfer of 160 million CELO from the unreleased treasury to a multisig wallet controlled by Opera.

This allocation represents approximately 27% of CELO's current circulating supply and is equivalent to 16% of its maximum supply of 1 billion tokens. To ensure governance balance, the proposal stipulates that the voting power of the aforementioned tokens will be limited to within 10% of total staked CELO, except in emergency situations.