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.
Ada holders register to vote using supported Cardano wallets and then vote on proposals using the Project Catalyst voting app. Votes are anonymous and weighted depending on the amount of ada each voter has. Voters base their decisions on the quality of the submitted proposal and the community's feedback during the community review stage.
Download the Project Catalyst voting app and check out the voting guide to learn how to participate.
Vote results are published along with on-chain data, which the community can use to validate the voter results. The transparency of the results, while maintaining the anonymity of the voters, ensures trust in the results and overall process.
Onboarding, community-selected projects foster accountability, showcases impact, and sets expectations. It involves proof of life meetings and milestone approval by community reviewers. This process guides project progress and demonstrates grant program value to the community.
Get ready for Fund10! The relaunch of Project Catalyst, geared towards co-building innovation on Cardano, starts on June 21, 2023.
Project Catalyst is Cardano's turbo-charged innovation engine and one of the most significant decentralized innovation funds in the world. It is a focal point for ecosystem development and innovation, driven by the Cardano community.
There's a broad recognition that processes need to mature, be simplified, become more autonomous, remain inclusive, and continue demonstrating value to the broader Cardano ecosystem. As a result, some crucial changes and updates are on the horizon.
As part of the broader Catalyst project, the Catalyst Natives program opens up the potential of blockchain technology to new use cases for everyday businesses of all sizes.