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Stake Pool Operators are a key-success-factor of Cardano. With their infrastructure and capabilities, important new services can be created

New SPO Business Opportunities

Our SPOs are a most-valuable foundation of Cardano. They have invested in important infrastructure and are establishing important capabilities. This is of high value in the still very much hype-driven general Crypto space. With SPOs, the CARDANO Community can get both: Even more decentralization AND stability and professionalism at the same time. On this bases, many new ideas and service can emerge, such as <ul><li>Secure and censorship-resilient data storage</li><li>KYC related service and access hubs</li><li>Well, for sure many, many more ideas and opportunities</li></ul> In case of success, I can also see this as a recurring challenge setting, driving and optimising the economic well-being of our SPO's and utilizing all their today's and future capabilities in a most creative way. Why is it important? Being an SPO shall be economically attractive. In addition to this, there are great opportunities for adding new ideas &amp; services How does success look like? The overall business model of SPO's can become even more attractive and we can add new features and services for driving decentralization Key Metrics to measure <ul><li>Number of new business ideas for SPOs</li><li>Overall SPO-related business-value of such optional new services</li><li>Impact of essential new services for making the world of Cardano even more decentralized, distributed and censorship resilient</li></ul>

Challenge

Community choice

DApp creation

Developer Ecosystem

Catalyst Value Onboarding

Dapps & Integrations

Developer ecosystem

Distributed Decision Making

Fund6 Challenge Setting

Local Community Centers

Proposer Outreach

Catalyst value onboarding

DApps & Integrations

Distributed decision making

Fund7 challenge setting

Grow Africa, Grow Cardano

Metadata challenge

Proposer outreach

Scale-UP Cardano's DeFi Ecosystem

Atala PRISM DID Mass-Scale Adoption

Cardano Emerging Threat Alarm

DeFi and Microlending for Africa

Disaster: When all is at stake

DLT Entrepreneurship Toolbox

Improve and Grow Auditability

Multilingual resources

NFT Business models

Partnerships for Global Adoption

Scale-UP Cardano's Community Hubs

A.I. & SingularityNet a $5T market

Accelerate Decentralized Identity

Boosting Cardano's DeFi

Catalyst - Rapid Funding Mechanisms

Catalyst Accelerator & Mentors

Catalyst Natives COTI: Pay with ADA Plug-in

Community Events

Connecting Japan/日本 Community

DAOs ❤ Cardano

Disarm cyber disinformation attacks

Fund8 challenge setting

Gamers On-Chained

Global Sustainable Indep. SPO's

Grow Latin America, Grow Cardano

Lobbying for favorable legislation

Mini/Low-Budget Dapps & Integrations

Miscellaneous Challenge

Nation Building Dapps

Open Source Developer Ecosystem

Seeding Cardano's Grassroots DeFi

Business Solutions (B2B & B2C)

Cardano scaling solutions

Community Advisor Improvements

Cross-Chain Collaboration

DApps and Integrations

Film + Media (FAM) creatives unite!

Fund9 challenge setting

Gamers On - Chained

Grow East Asia, Grow Cardano

Grow India, Grow Cardano

New Member Onboarding

Open Source Development Ecosystem

Open Standards & Interoperability

Self-Sovereign Identity

The Great Migration (from Ethereum)

Building (on) Blockfrost

Catalyst Natives X Cardashift: Demonstrating and monetizing impact

Challenge & Scouted for Students🎓

DAOs <3 Cardano

Dapps, Products & Integrations

dRep improvement and onboarding

Fund10 challenge setting

Legal & Financial Implementations

Atala PRISM: Launch Ecosystem

Building on NMKR

Catalyst Fund Operations

Catalyst Open

Catalyst Systems improvements

Developer Ecosystem - The Evolution

Development & Infrastructure

OSDE: Open Source Dev Ecosystem

Products & Integrations

SPO Tools & Community Projects

Startups & Onboarding for Students

Cardano Open: Developers

Cardano Open: Ecosystem

Cardano Use Cases: Concept

Cardano Use Cases: Product

Cardano Use Cases: Solution

Catalyst Systems improvements: Discovery

Cardano Partners and Real World Integrations

Cardano Use Cases: MVP

Cardano Partners: Enterprise R&D

Cardano Partners: Growth & Acceleration

Cardano Use Cases: Concepts

Cardano Use Cases: Partners & Products

Cardano Partners: Tier-1 Enterprise Integrations

Cardano Use Cases: Prototype & Launch

Midnight: Compact DApps

Fund15 - is now live!

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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 voting power snapshot - get ready to start voting. New voting registrations for Fund15 after the voting snapshot are no longer accepted. Voting is open from 13 Jan 2026 (12PM UTC) until 27 Jan 2026 (11AM UTC). Follow the instructions in your Voting App.

The Community Review stage is active until Jan 5, 2026. The stage consists of two key phases: 

 First is the <a href="https://docs.projectcatalyst.io/current-fund/community-review/community-review-process">Proposal Review</a>, which runs from the week of Dec 1 until Dec 15 (6:00 AM UTC). During this time, Community Reviewers will share their feedback on proposals.

This is followed by the <a href="https://docs.projectcatalyst.io/current-fund/community-review/community-moderation-process"> Quality Control</a> phase from the week of Dec 15 until Jan 5 (6:00 AM UTC), where Community Moderators assess all reviews to ensure fairness and quality.

 For those who have submitted proposals, now is the perfect time to share your work with the community to socialize them. You can still find all submitted proposals in the CatalystApp by using your unique links. These can be found in this <a href="https://docs.google.com/spreadsheets/d/1ZTKjr1bFykV7Cewhnw8iM6KdRQYiLQc2JZJqHSSGVBU/edit?usp=sharing">CSV version</a> while proposals progress through the Community Review stage. Please be aware that all submissions also undergo <a href="https://docs.projectcatalyst.io/current-fund/community-review/community-moderation-process/l2-moderation-bounty-guidance-for-community-moderators">a standard moderation process</a> and check against adherence to <a href="https://docs.projectcatalyst.io/current-fund/fund-basics/fund-rules">Fund Rules. </a> 

 Finally, looking ahead to the vote, we encourage everyone to prepare. To participate, you must register before the Fund15 snapshot, which is scheduled for Jan 4, 2026 @ 9:45 PM UTC. 

<a href="https://docs.projectcatalyst.io/current-fund-basics/how-to-register-as-a-voter"> Find out how to register as a voter </a>

Already registered to vote? Download the voting apps to participate easily when voting opens on Jan 13.

Voting is now closed - check back here soon to view the results. 

Vote for your favourite proposal before 27 Jan 2026 (11:00AM 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 on 4 Jan 2026 (9:45PM UTC), and we are no longer accepting new voter registrations for Fund15.

Fund{{number}}

Fund15 is here with four innovation categories to choose from. Explore each of them further down below. If you missed the official launch event - make sure to <a href="https://x.com/Catalyst_onX/status/1986087902833500220" target="_blank">rewatch it here</a> to get up to speed.

Don’t forget to join us for the next live event. <a href="/news/town-hall">Register here</a> to save your front row seat. It will also be live streamed on <a href="https://x.com/Catalyst_onX" target="_blank">X</a> and <a href="https://www.youtube.com/c/IohkIo" target="_blank">YouTube</a>. Hit the notification bell not to miss it.

<MainContainer><div><Speakerphone /> </div><div>Short on time? Dive into our excellent <a href="https://projectcatalyst.io/f15launchguide.pdf">F15 Launch Guide</a>

Many new updates are introduced in Fund15. Make sure to <a href="https://docs.projectcatalyst.io/current-fund/fund-basics" target="blank">familiarize yourself with all</a> and ensure you are ready to participate. Proposal submission is expected to open in the week of Nov 10 and be open until Nov 27.

For regular updates - please follow us <a href="https://x.com/Catalyst_onX" target="_blank">on X</a>, join our <a href="https://t.me/cardanocatalyst" target="_blank">Telegram</a> and <a href="https://discord.gg/2RnUtK8" target="_blank">Discord</a> communities, sign up to <a href="https://mpc.projectcatalyst.io/newsletter-signup" target="_blank">our newsletter</a>, or join us live at our weekly <a href="https://projectcatalyst.io/news/town-hall" target="_blank">TownHall</a>.

Submit proposals by Nov 27, 6 AM UTC.

Submit proposals by Nov 27, 6 AM UTC

Explore the challenges, ideas, and metrics for 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 chance 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.

Funding shown includes proposals with ADA budgets, converted to USD at fund result time. Ecosystem role incentives are excluded. Figures are estimates - see individual proposal pages for details.

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’.

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 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’.

At least 1% of the total registered voting power must vote ‘YES’ on a proposal. In Fund13, there was ₳4,803,572,582 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 * ₳4,803,572,582 = ₳48,035,725.82. ‘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 both ‘Cardano Partners’ categories.

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 that have a maximum of one funded entry in Fund13 across the entire Fund are eligible for this funding, except proposals from the 'Cardano Use Cases: Product' or both ‘Cardano Partners’ categories.

Amount of ada registered to vote in Catalyst determined by the voting power snapshot unique for every funding round. For Fund13, the snapshot took place on Nov 20, 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’.

When a proposal is ‘Approved’, it means it received enough support to be eligible for funding (at least 1% of the total registered voting power voted ‘YES’). Proposals are ranked by the highest number of ‘YES’ votes and funded one by one until the category budget runs out.

A proposal that 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 the criteria for approval and were not eligible for funding. Each proposal needs 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 a second chance via the 'Sponsored by Leftovers' category. Proposals can also 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, as determined by the voting power snapshot, must vote ‘YES’ on a proposal. This allows a proposal to be accepted and become an ‘approved proposal’ as well as be eligible for funding. ‘ABSTAIN’ votes do not count towards the acceptance threshold of 1%.

Proposals are ranked by the highest number of ‘YES’ votes and funded one by one until the category budget runs out. Leftover funds from each category are combined and some further eligible proposals can receive funding (see ‘Leftovers’).

Includes Fund 10, 11, 12 and 13 total funds, converted to USD at the time of fund results. Please note, any ecosystem role incentives are not included in these figures.

Some funds are left unallocated in each category as there is not enough remaining budget to allocate to the next eligible proposal (see ‘Fund Distribution Logic’). These leftover funds are combined from all categories, and create a new category called 'Sponsored by Leftovers'. 

An idea put forward by members of the community seeking funding to pursue and implement it.

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 the number of unique wallets casting a vote for that specific proposal.

The 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.

The total voting power in ada casting a ‘YES’ vote, applied in support/favor of a proposal from all wallets combined, and counts towards the approval criteria thresholds.

The amount of ada registered to vote in Catalyst is determined by the voting power snapshot, which is unique for every funding round. 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

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New SPO Business Opportunities

Stake Pool Operators are a key-success-factor of Cardano. With their infrastructure and capabilities, important new services can be created

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