Celo is a mobile first, decentralised blockchain platform enabling access to financial services. More information can be found in the documentation on celo.org.
What are CELO, cUSD and cEUR?
cUSD and cEUR are stable coins on the Celo network. They track the price 1-to-1 of their real world counterparts. Stable coins are important to a blockchain platform as it enables users to send and receive amounts that aren't subject to large fluctuations in price.
CELO is the platforms native asset and is used to vote for validator groups (staking) and vote on governance proposals.
You can buy CELO, cUSD and cEUR at most major exchanges,
Staking is the act of voting for a validator group in the Celo network. Once a validator group has enough votes (one CELO equals one vote) they are able to elect individual validators to run on the Celo network.
Staking enables users to earn up to 5.5% APY for their investment. Rewards are paid out daily.
You can currently stake via the following methods: