Hello there, beautiful soul!
Hope this message finds you well.
This week saw the launch of Fund10 and a very special town hall #131 launch party where we were joined by Tim Harrison IOG’s VP of Community & Ecosystem, whom many of you may know from Cardano 360, and Tamara Haasen, the president of IOG who kicked off the start of Fund10 with an inspiring message.
The Catalyst team provided an overview of the changes with this funding iteration, focusing on the Fund10 Launch Guide, new updates to projectcatalyst.io, and introducing the all-new docs section where everyone can find essential guides, along with other significant changes to the operations of Project Catalyst.
The community’s creativity is once more being called upon to answer the challenges raised in the previous funding rounds. The challenge teams gave the community a walkthrough of the different Fund10 Catalyst categories. You can learn more about each of the challenges under the active campaign section of the Catalyst collaboration platform. But for more context, the teams behind the challenges also explained what motivated them to pose the challenges in the first place during the Challenge team section of the Townhall.
What’s the latest? Let’s dive right in.
Town Hall #131
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- Townhall #131 link here
- TH Slides link here
TH Playlist: link here
Break Out Rooms: https://bit.ly/33i38SB
Next: TH #132 on June 28 at 5PM UTC. Register now via this recurring link.
What’s new in Fund10?
In Fund10, Catalyst will be rolling out milestones-based funding for all projects following the successful pilot in the previous round, as well as the Catalyst continuous testNET, an open-source environment that the community can deploy, where a running fund can simultaneously test new iterations of Project Catalyst, further improving stability and reducing cooldown times between funds. Over the coming weeks, we will add more detailed information and guides about these features, so watch out for those here. In the meantime, you can read more about these features here.
In addition to these improvements, there are other important changes in Fund10. Firstly, the introduction of three new categories, Catalyst Open, Catalyst Fund Operations, and Catalyst systems improvements. These categories represent the most significant change for Project Catalyst and further enhance the community’s ability to chart the course they wish Project Catalyst to take in the future. This means that Project Catalyst would move toward being entirely self-sufficient.
Here is a list of all the Fund10 changes and improvements that both support and enhance the features detailed above:
- Updates to projectcatalyst.io, including an area for documentation.
- The evolution of the Community Review stage before voting starts. Introducing new community reviewer levels & incentives.
- New scripts for flagging community reviews to be moderated by Community Moderators.
- Implementation of SOM & Proof of Achievement schema + guidance across all challenges.
- Significant voting app registration process improvements.
- The addition of a testNET desktop voting tool, a wallet connector, and representative voting.
Fund10 Timeline
A project Catalyst funding round consists of four phases: proposal submission, community review, community voting, and onboarding. We are in the proposal submission phase, where the community has until July 13th to submit a proposal to answer one of the many challenges found here.
How to participate?
So you want to participate in Fund10? But don’t know where to start? Check out the Launch Guide and read the in-depth guide.
There are many ways to get involved with Project Catalyst, and we’d love to see as many members of the Cardano community participate as possible. To get involved in Project Catalyst all you have to do to start is make an account on the collaboration platform.
Once you become a part of the Catalyst community, you can participate in discussions, suggest new challenges, share your opinions, and vote. You can also respond to challenges by building a team and launching a bid.
Important dates ahead
Note: Given the dynamic nature of Project Catalyst, the following dates may change as the fund progresses. If this is the case, we will notify the community via our announcement channels on Discord and Telegram.
June 21st, 2023 · 17:00 UTC
Fund10 launches at Town Hall #131
June 22nd, 2023 · 11:00 UTC
Proposal submissions are open for three weeks, during which proposers can submit draft ideas to IdeaScale. The deadline for proposal submission is on July 13th at 11:00 UTC.
June 29th, 2023 · 11:00 UTC
The start of the Community Reviewer’s registration lasts for four weeks ending on the 17th of July at 11:00 UTC.
July 13th, 2023 · 11:00 UTC
The deadline for proposal submission and the beginning of a four-day period where proposers can finalize their proposals based upon the structured feedback from the Community.
July 17th, 2023 · 11:00 UTC
Deadline to finalize proposals and the deadline for community reviewers’ registration.
August 18th, 2023 · 21:00 UTC Fund Voting Registration Deadline
August 31st, 2023 · 11:00 UTC Fund10 Voting begins
September 21st, 2023 · Fund10 selected proposals announced
Weekly GitHub Repo Round Up
Here’s the update from technical side of Catalyst last week:
- Finalized environments to support Fund10 (prod), dry runs (preprod), continuous testnet (testnet), and development (dev) for the duration of the next fund.
- Initiated final dry run for registration release in 2 weeks.
- Started load testing with new fixes to the node.
- Continued implementing test coverage for the new Catalyst Data Services APIs.
- Created plan for sunsetting the old vit-servicing-station with minimal disruption post-F10.
- Continued investigation of tally tools and aligned on approach for developing tools to enable community verification of tally in F10.
- Continued work to merge snapshots from both preprod and mainnet, and aligned on approach for the “check my voting power” UX.
- Beta of continuous delivery was finished and is being tested.
Watch out for more information on how you can participate, which we will share in the coming weeks!
For full access please review:
Caught my attention
It is great to see community creators offer deep dives into the Catalyst ecosystem. Education is a key element in creating a shared understanding and improving communication. This video has a couple outdated elements (as per recent announcements this week) but it’s an amazing effort and I wished to recognize it accordingly. Thank you for your great work. See the original tweet here or watch the video directly here.
Get in touch
And that’s a wrap. Let’s talk Catalyst & governance via twitter, or telegram, or reddit, or wherever is your home online and keep conversations engaging on these very important topics.
Enjoy your day ahead!
Danny & the Project Catalyst team
Daniel Ribar
Community at Project Catalyst
NOTE: References in this newsletter to the 3rd party projects, products, and services are provided for information purposes only and are not endorsements. Everyone should carry out their own investigations before relying on the information provided in this newsletter.