Hello there, beautiful soul!
Hope this message finds you well.
This week the Project Catalyst team, along with Rare Evo and Sustainable Ada, announced during the 157th town hall (recording here) that a special fun voting event will take place to determine where Fund12 is going to be launched. This will be the continuation of the Fund11 proposal that outlines the concept of Catalyst working groups. Have you read the blog about this from a few weeks back? If not, here it is.
The in-person event will kick start this several months-long community-sensing journey that seeks to better understand and evolve Project Catalyst as a whole. How does it begin? Within the next two weeks, the Catalyst team plans to launch a new voting round via the Catalyst Voting app that will list six cities around the world: Barcelona, Buenos Aires, Nairobi, Sydney, Tokyo, and Toronto.
And YOU - the Cardano community - will be deciding which will be the official launch location for Fund12. This decision will be based on a 1-wallet-1 vote and set the minimum participation threshold at 50 ada. The snapshot already took place and will be the same as the one for the Fund11 vote. Stay tuned via announcement channels for more information.
In other developments, 300 projects voted in Fund11 are now being onboarded into the Catalyst network and are progressing through formulation and approvals of their statement of milestones – the accountability framework that each funded project must follow. You can learn more about that here.
Let’s dive further into what else has been going on.
Town Hall #157
- Town Hall #157 link to watch here
- TH Slides link to read here
TH Playlist: link here- Want to host after Town Hall? Register here before each Tuesday
Next: TH #158 on Feb. 28th at 5 p.m. UTC. Register now via this recurring link.
Fund12 Launch Event
Catalyst Working Groups are the Catalyst Team’s proposal to the Cardano community in collaboration with community partners, Rare Evo and Sustainable Ada, to create the first iteration of community-led, data-driven analysis that informs of potentially important changes to the scope of future Catalyst funding rounds.
To bring this together, it’s equally important that the Catalyst Team collaborates with the worldwide community, which should host their discussions and events.
The deadline to apply to host a Catalyst Working Group was February 4th and about 70 unique applications from all over the world stepped up to take this opportunity forward. The shortlisted 6 locations (Barcelona, Buenos Aires, Nairobi, Tokyo, Sydney, Toronto) are now in the running to have a live kick-off event to help jump-start the months of working groups.
Catch the Catalyst Team’s presentation in this timestamped segment from the latest town hall.
Fund11 vote is over
If you missed the announcements, Fund11 vote concluded and results have been published via projectcatalyst.io/f11results page directly. Once again, congratulations to all - the community has truly rallied around ideas presented in this round. About 8,000 wallets cast more than 300,000 individual votes that now produced a cohort of 300 funded projects. Fund11 has proven to be one of the most equitable rounds with funding nearly 1 in every 3 projects, of which a substantial amount are first-time recipients. That’s exciting for supporting a wide range of grassroots initiatives as well as more mature projects.
How to audit the vote?
Fund11 Official Snapshot (approximate)
- Eligible Registrations: 56,341 wallets
- Eligible Registered Stake: 4.54B ada
Want to audit the numbers yourself? Check out the guide in the knowledge base here. It’s as easy as…
- Install DbSync and Catalyst Snapshot Tools
- Produce raw snapshot given target slot number
- Process raw snapshot according to the official Fund Parameters
Want to get involved in the next step and take a stab at calculating the vote and eventually the tally as well? Follow the rest of the instructions as they get updated here. This information is generally used to independently verify outcomes by fellow community toolings such as LidoNation, SCATDAO, Xerberus, and many others.
Project Completions
Project Catalyst and its participants are continuously working to deliver on objectives as set forth by the proposals. To date, more than 780 proposals have already been concluded with submitted close-out assets. If you would like to find out how your favorite project is doing - make sure to visit projectcatalyst.io/funds website, or leverage additional community-run platforms such as Lido Nation for even deeper insights.
Fund11 timeline
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.
March 2024
Onboarding of Fund11 funded proposals & ecosystem role rewarding
Open source GitHub repo round-up
I encourage you to follow along with milestone developments via the following links to get the latest on Catalyst Roadmap Proposals:
- Catalyst Voices Milestones:
- Catalyst Accelerator Milestones:
For full access to GitHub branches please review:
- https://github.com/input-output-hk/catalyst-core
- https://github.com/input-output-hk/catalyst-voices
- https://github.com/input-output-hk/catalyst-ci
- https://github.com/input-output-hk/hermes
Get in touch
And that’s a wrap. Let’s talk Catalyst & governance via X(Twitter), Telegram, Reddit, or wherever your home is 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.