proceed, proceeds

Perhaps proceeding has fallen out of disusue to a large degree because we have become used to the noun form (proceeds: The amount of money derived from a commercial or fundraising venture; the yield)and the shorter verb form (proceeds: moves farther along).

Yet preceding seems to be in wider use than precedes.

Here is the original verb form of proceed from Merrian-Webster's, from which the noun form proceeds evolved circa 1645. Notice in the etymology there is originally one "e", why and when was the second "e" added to proceed, when precede was left alone?:

Main Entry: pro·ceed
Pronunciation: prO-'sEd, pr&-
Function: intransitive verb
Etymology: Middle English proceden, from Middle French proceder, from Latin procedere, from pro- forward + cedere to go; more at PRO-
Date: 14th century
1 : to come forth from a source : ISSUE
2 a : to continue after a pause or interruption b : to go on in an orderly regulated way
3 a : to begin and carry on an action, process , or movement b : to be in the process of being accomplished
4 : to move along a course : ADVANCE
synonym see SPRING