Important services for supporting the community require stable expert teams. These teams cannot operate only with fund-to-fund financing
This is the total amount allocated to Funding Community Service Providers.
With the community taking over more and more responsibilities, such specific services need to be identified and specifically financed
Identifying high-priority-services to the community and creating more stable funding models, e.g. based on rolling quarterly arrangements
The early CATALYST Challenge Settings were mainly focusing on creating DApps and supportive community tools.
During the recent funds we see proposals, which are reacting to the community's need for becoming more independent. This requires a multitude of services. In the process of empowering the community to take over more and more decisions and control, such services need to be provided with reliable continuity. This can be services like creation (and lifecycle managing) supportive tools, templates, services supporting events & processes, services like supporting risk-assessment & risk management, portfolio management and many more.
In order to be efficient and effective, such services require stable teams within these service providers. As a consequence, this needs a more stable funding than the current proposing from one Catalyst fund to the next. New ways of funding will be required, so that we can cover both needs:
A industry-proven model for such service agreements are quarterly-rolling agreements with degressive bindingness (always 100%, 80%, 50% 25% quarterly degressive bindingness of an agreed amount for a clearly defined service). Every quarter or fund, this needs to be renewed for qualifying again for 100%, no renewal means fading out of the funding in e.g. a controlled 80%, 50%, 25% way.
Goals of this Challenge Setting are