The Celo network has stopped using its blockchain, as per a tweet from July 14. The Celo team has stated that validations are working to find the issue and fix it even though no cash has been compromised, and it is not clear what the problem is. Celo has been down for about a full day at this point. The Celo network has stalled at block 14,035,19. Validators are working to identify and resolve the issue. All funds are safe. Updates will be provided as soon as possible. — Celo (@CeloOrg) July 14, 2022 Uniswap And Celo Partnership The recent deployment of the Uniswap V3 protocol, which became live on the Celo network hours before it was suspended at block height 14,035,19, is related to the problem, despite the lack of evidence to its support. The price of CELO appears to have been unaffected by the stoppage. As many community members eagerly await regenerative financing (ReFi), which the Uniswap and Celo partnership have been focusing on, the validators and the team should hopefully be able to come up with a fix shortly. Uniswap and Celo have been deploying Uniswap V3 on Celo with the goal to develop regenerative finance (ReFi) model that offers numerous environmental advantages. The press release for the collaboration describes how it will help in the fight against climate change, “Uniswap’s capital-efficient decentralized exchange brings access and liquidity to the voluntary carbon market, paving the way for Climate Collectiv...
