For AI agents: visit https://docs.figment.io/llms.txt for an index of all pages formatted in Markdown and endpoints in OpenAPI.
| Specifications | Details |
|---|
| Platform (underlying architecture) | Layer 2 |
| Consensus Algorithm | Proof-of-Stake |
| Ecosystem | Ethereum |
| Token | Celo |
| Native Token Ticker | $CELO |
| Smallest Unit | wei (1 CELO = 10^18 wei OR 10^9 Gwei) |
| ARR or APY | |
| Max Supply | 1 Billion |
| Delegation Requirements (Min-Max) | No minimum or maximum limit |
| Stake Activation Period | 1 Epoch (24 hours) |
| Reward Distribution Period | |
| Compounding | Automatic |
| Compounding Frequency | Every epoch |
| Unbonding Period | 3 days |
| Lockup Period | 3 days |
| Penalties and Slashing | Yes - Downtime and Double-Signing |
| Burn Mechanism | Celo's stability mechanism allows users to create a new cUSD and cEUR by sending CELO to the reserve or burn cUSD and cEUR by redeeming it for their equivalent value in CELO. |
| Validator Self-Bond Requirement | 10,000 CELO |
| Inflation | ~3.89% |
| Validator Set Diversity | The active validator set, capped at 110 and adjustable via governance, is determined by proof-of-stake and updated daily at epoch end. |
| Governance Mechanism | On-chain governance |
| Smart Contract Support | Yes |
| Smart Contract Programming Language | Solidity |
| Cross-chain Compatibility (Interoperability) | Yes |
| TPS (Transaction Throughput) | ~500 TPS |
| Transaction Finality | Instant finality |
| Link to Explorer(s) | https://explorer.celo.org/, https://celoscan.io/ , https://thecelo.com/ |
| Testnet Faucet | https://faucet.celo.org/alfajores |
| Figment’s Public Validator Address | 0x01b2b83fDf26aFC3Ca7062C35Bc68c8DdE56dB04 |
| Figment Staking Guide | HERE |
| Figment Supported MEV Relay | N/A |
| Recommended Wallet(s) | Ledger, Valora, Metamask |
| CoinGecko Profile | https://www.coingecko.com/en/coins/celo |
