Celo has primarily grown beneath the radar since its launch. Nonetheless, the issue has an excellent social media following, with over 40k followers on Twitter. What makes Celo distinctive is neighborhood involvement, the place the issue typically choices questions from the neighborhood.
Following the announcement of DeFi for the Individuals, neighborhood members have inquired about how the issue will run. For instance, a consumer acknowledged as Cassey Murray asked;
Apart from eth, will you guys be working with Algorand or Cardano?
Aware of the rising requires from regulators and the necessity for initiatives to remain in keeping with the regulatory framework, Ryan, a Celo consumer, asked on Twitter;
What precisely qualifies as a defi app? As an alternate, you'd nonetheless report practice to the IRS and do KYC. What's fully completely completely different correct proper right here? No one is hiding from their taxes all through the US
One completely different consumer, Josh, clarified writing,
A vast distinction is that defi apps are permissionless and censorship-resistant. Individuals solely want an internet connection to make the most of them. It is not about secrecy. It's about entry and notion