F6: DeFi and Microlending for Africa

Zimbabweans have insufficient small change USD cash to match the purchases of goods or services, CheCha was developed to solve that

Most access to credit in Africa is done via traditional credit unions, which is limited by factors like; Trust, Familiarity & Capital risk.

Current donation services lack efficiency, transparency and security. ADA microlending may be difficult due to legal barriers and trust.

The informal sector in Ghana stagnates / expands slowly because there are no low cost, efficient, reliable borrowing options

While DLT can increase the value created from the microlending ecosystem, Cardano's partnership model is currently undefined.

$90,000 in ada

Fund1 Challenge

Fund2 Challenge

F3: Community choice

F3: DApp creation

F3: Developer Ecosystem

F4: Catalyst Value Onboarding

F4: Dapps & Integrations

F4: Developer ecosystem

F4: Distributed Decision Making

F4: Fund6 Challenge Setting

F4: Local Community Centers

F4: Proposer Outreach

F4: Sponsored By Leftovers

F5: Catalyst value onboarding

F5: DApps & Integrations

F5: Developer ecosystem

F5: Distributed decision making

F5: Fund7 challenge setting

F5: Grow Africa, Grow Cardano

F5: Metadata challenge

F5: Proposer outreach

F5: Scale-UP Cardano's DeFi Ecosystem

F5: Sponsored By Leftovers

F6: Atala PRISM DID Mass-Scale Adoption

F6: Cardano Emerging Threat Alarm

F6: Catalyst value onboarding

F6: DApps & Integrations

F6: Developer ecosystem

F6: Disaster: When all is at stake

F6: Distributed decision making

F6: DLT Entrepreneurship Toolbox

F6: Fund7 challenge setting

F6: Grow Africa, Grow Cardano

F6: Improve and Grow Auditability

F6: Metadata challenge

F6: Multilingual resources

F6: NFT Business models

F6: Partnerships for Global Adoption

F6: Proposer outreach

F6: Scale-UP Cardano's Community Hubs

F6: Scale-UP Cardano's DeFi Ecosystem

F6: Sponsored By Leftovers

F7: A.I. & SingularityNet a $5T market

F7: Accelerate Decentralized Identity

F7: Boosting Cardano's DeFi

F7: Catalyst - Rapid Funding Mechanisms

F7: Catalyst Accelerator & Mentors

F7: Catalyst Natives COTI: Pay with ADA Plug-in

F7: Community Events

F7: Connecting Japan/日本 Community

F7: DAOs ❤ Cardano

F7: DApps & Integrations

F7: Disarm cyber disinformation attacks

F7: Fund8 challenge setting

F7: Gamers On-Chained

F7: Global Sustainable Indep. SPO's

F7: Grow Latin America, Grow Cardano

F7: Improve and Grow Auditability

F7: Lobbying for favorable legislation

F7: Mini/Low-Budget Dapps & Integrations

F7: Miscellaneous Challenge

F7: Multilingual resources

F7: Nation Building Dapps

F7: New SPO Business Opportunities

F7: Open Source Developer Ecosystem

F7: Scale-UP Cardano's Community Hubs

F7: Seeding Cardano's Grassroots DeFi

F7: Sponsored By Leftovers

F8: Accelerate Decentralized Identity

F8: Business Solutions (B2B & B2C)

F8: Cardano scaling solutions

F8: Community Advisor Improvements

F8: Cross-Chain Collaboration

F8: DApps and Integrations

F8: Developer Ecosystem

F8: Film + Media (FAM) creatives unite!

F8: Fund9 challenge setting

F8: Gamers On - Chained

F8: Grow Africa, Grow Cardano

F8: Grow East Asia, Grow Cardano

F8: Grow India, Grow Cardano

F8: Improve and Grow Auditability

F8: Lobbying for favorable legislation

F8: Miscellaneous Challenge

F8: Nation Building Dapps

F8: New Member Onboarding

F8: Open Source Development Ecosystem

F8: Open Standards & Interoperability

F8: Scale-UP Cardano's Community Hubs

F8: Self-Sovereign Identity

F8: The Great Migration (from Ethereum)

F8: Sponsored By Leftovers

F9: Building (on) Blockfrost

F9: Catalyst Natives X Cardashift: Demonstrating and monetizing impact

F9: Challenge & Scouted for Students🎓

F9: Cross-Chain Collaboration

F9: DAOs <3 Cardano

F9: Dapps, Products & Integrations

F9: Developer Ecosystem

F9: dRep improvement and onboarding

F9: Fund10 challenge setting

F9: Grow Africa, Grow Cardano

F9: Grow East Asia, Grow Cardano

F9: Legal & Financial Implementations

F9: The Great Migration (from Ethereum)

F9: Sponsored By Leftovers

Catalyst Fund Operations

Catalyst Systems improvements

F10: Atala PRISM: Launch Ecosystem

F10: Building on NMKR

F10: Catalyst Open

F10: DAOs <3 Cardano

F10: Developer Ecosystem - The Evolution

F10: Development & Infrastructure

F10: dRep improvement and onboarding

F10: OSDE: Open Source Dev Ecosystem

F10: Products & Integrations

F10: SPO Tools & Community Projects

F10: Startups & Onboarding for Students

F10: Sponsored By Leftovers

Cardano Open: Developers

Cardano Open: Ecosystem

Cardano Use Cases: Concept

Cardano Use Cases: Product

Cardano Use Cases: Solution

Catalyst Systems Improvements: Discovery

F11: Sponsored By Leftovers

Cardano Partners and Real World Integrations

F12: Cardano Open: Developers

F12: Cardano Open: Ecosystem

F12: Cardano Use Cases: Concept

F12: Cardano Use Cases: MVP

F12: Cardano Use Cases: Product

F12: Sponsored By Leftovers

1 funded proposal is already completed. Dive into the total milestones, comparing complete, in-progress, and to be completed milestones across this project set.

Total to date

Proposals funded overview
 Completed: 1
 In progress: 4

Proposals funded

Proposals CompletedThis is the number of proposals that have been completed.

Proposals Completed

Total votes cast The total number of votes cast across all proposals in this category.

Fund12 - the votes are in!

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What’s on right now? Once <a href="https://docs.projectcatalyst.io/current-fund/community-review" target="_blank">Community Review</a> is concluded, all the outcomes of the innovation stage will be plugged into governance (voting) shortly. In the meantime, if you successfully registered prior to the 18th June voting power snapshot - get ready to start voting. New voting registrations for Fund12 after the voting snapshot are no longer accepted. Voting is open from 27th June until 11th July. Follow the instructions in your Voting App.

What’s on right now? Community Review is active until 20th June 2024. Want to learn more about this stage? Check the community review <a href="https://docs.projectcatalyst.io/current-fund-basics/community-review-guidelines-fund12">guidelines here</a>. Meanwhile, you can also get ready to vote and register for voting by 21.45 UTC 18th June 2024.

Voting is now closed - check back here to view the results on the week of 15th July 2024.

Vote for your favourite proposal before 11th July 2024 (11:00 UTC). To learn more on how to vote, please visit our <a href="https://docs.projectcatalyst.io/current-fund-basics/voting">guidelines</a>. Please note that the voting power snapshot has already taken place, and we are no longer accepting new voter registrations for Fund12.

Fund{{ number }}

Proposal submission deadline expired on 13 May 2024 at 11 am for all categories, except for 'Cardano Partners' with an extended submission deadline 6 June 2024 at 11 am.

Proposal submission deadline is 13th May 2024 (11:00 UTC) for all categories, except for 'Cardano Partners' with an extended submission deadline of 6th June 2024 (11:00 UTC).

Explore the challenges, ideas, and metrics for Fund{{number}}

Fund{{number}}

Project Catalyst turns economic power into innovation power by using the Cardano Treasury to incentivize and fund community-approved ideas.

Funds Overview

When a proposal is ‘Approved’, it means it received enough support to receive funding (at least 1% of the total registered voting power voted ‘YES’). But only those proposals that most people say 'YES' to get money first until there's no funding left in that category.

Meets all approval criteria; the highest ‘YES’ result gets funding first until the remaining budget is depleted in the category and unable to fully fund the next approved proposal. If the amount requested by a proposal is larger than the remaining category amount at any point, it is skipped.


Proposals that did not meet criteria for approval and were not eligible for funding. Each proposal needs to get enough 'YES' votes equal to 1% or more of total registered voting power in a funding round in order to be approved.

Proposals that met approval criteria but whose budgets exceeded the remaining category budget. Some 'Not Funded' proposals can get second change via 'Sponsored by Leftovers' category. Proposals can be approved but not funded due to lack of funding budget availability in a relevant category.

At least 1% of the total registered voting power must vote ‘YES’ on a proposal. In Fund11, there was ₳4,535,989,461 as a total registered voting power as accounted for by the snapshot. To be accepted (become an ‘approved proposal’ as well as be eligible for funding), a proposal must be voted by at least 0.01 * ₳4,535,989,461 = ₳45,359,894.61. ‘ABSTAIN’ votes do not count towards the acceptance threshold of 1%.

Proposals are ranked by the highest ‘YES’ votes and funded one by one until the category budget runs out. Any leftover funds excludes proposals submitted in ‘Cardano Use Cases: Product’ and ‘Catalyst Systems Improvements’ categories.

Includes Fund 10, 11 and 12 total funds, converted to USD at the time of fund launch. Please note, any ecosystem role incentives are not included in these figures.

Funds requested by funded projects. Please note, any ecosystem role incentives are not included in these figures.

There's some funds left in each category that haven't been given out. All that leftover funding is put together into a new category called 'Sponsored by Leftovers'. All approved (and not yet funded) proposals across the entire Fund are eligible for this funding, except proposals from the 'Cardano Use Cases: Product' or 'Catalyst Systems Improvements' categories.

Title of the proposal is a link that will bring you to the proposal detail page.

The number of Cardano wallets that take an active part in the Catalyst voting event. Each wallet can vote once per proposal. The number indicated by each proposal represents a number of unique wallets casting a vote for that specific proposal.

Total voting power in ada casting an ‘ABSTAIN’ vote from all wallets combined. ‘ABSTAIN’ votes can be found in the results CSV for reference and do not count towards the approval criteria thresholds.

Total voting power applied in opposition of a proposal

Total voting power in ada casting a ‘YES’ vote applied in support/favor of a proposal from all wallets combined counting towards approval criteria thresholds.

Amount of ada registered to vote in Catalyst determined by the voting power snapshot unique for every funding round. For Fund11, the snapshot took place on Jan 15, 21:45 UTC. Each wallet has its own unique voting power based on the balance on the day/time of the snapshot. Each time a wallet casts a vote, it uses its full voting power applied to a proposal. This can be done only once per each proposal: ‘YES’ or ‘ABSTAIN’.

At least 1% of the total registered voting power must vote ‘YES’ on a proposal. In Fund12, there was ₳4,589,303,769 as a total registered voting power as accounted for by the snapshot. To be accepted (become an ‘approved proposal’ as well as be eligible for funding), a proposal must be voted by at least 0.01 * ₳4,589,303,769 = ₳45,893,037.69. ‘ABSTAIN’ votes do not count towards the acceptance threshold of 1%.

Proposals are ranked by the highest ‘YES’ votes and funded one by one until the category budget runs out. Any leftover funds excludes proposals submitted in ‘Cardano Use Cases: Product’ and ‘Cardano Partners & Real World Integrations’ categories.

Includes Fund 10 and 11 total funds, converted to USD at the time of fund launch. Please note, any ecosystem role incentives are not included in these figures.

There's some funds left in each category that haven't been given out. All that leftover funding is put together into a new category called 'Sponsored by Leftovers'. All approved (and not yet funded) proposals across the entire Fund are eligible for this funding, except proposals from the 'Cardano Use Cases: Product' or 'Cardano Partners & Real World Integrations' categories.

Amount of ada registered to vote in Catalyst determined by the voting power snapshot unique for every funding round. For Fund12, the snapshot took place on Jun 18, 21:45 UTC. Each wallet has its own unique voting power based on the balance on the day/time of the snapshot. Each time a wallet casts a vote, it uses its full voting power applied to a proposal. This can be done only once per each proposal: ‘YES’ or ‘ABSTAIN’.

Project Catalyst explained: an innovation engine from IOG

Project Catalyst is the world’s largest decentralized innovation engine for solving real-world challenges.

Ideas. Innovation. Impact.

Project Catalyst has funding rounds every few months, with a set amount of ada ready to allocate to ideas.

At the start of each Fund, the community has three weeks to submit proposals to answer challenges set in the previous funding round. Proposals are selected by community vote and funding is allocated to bring the projects to life.

Project Catalyst is currently between funding rounds, with the next Fund coming soon.

How it works

Relaunching soon: Catalyst Fund10!

Voting is now closed.

Project milestones

Title

{{ fundedProposals }}/{{ totalProposals }} proposals remain to be completed. Dive into the total milestones, comparing complete, in-progress, and to be completed milestones across this project set.

All funds total so far

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Previous Funds in Project Catalyst - the largest, most accessible and impactful innovation fund for global good.

Active Fund in Project Catalyst - the largest, most accessible and impactful innovation fund for global good.

Project Catalyst Fund - the largest, most accessible and impactful innovation fund for global good.

How to participate in Project Catalyst - the largest, most accessible and impactful innovation fund for global good.

Project Catalyst is the largest, most accessible and impactful innovation fund for global good. Get your idea funded to build on Cardano.

How Project Catalyst works - the largest, most accessible and impactful innovation fund for global good.

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F6: DeFi and Microlending for Africa

Total to date

About this category

Proposals

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