Finance News
By Steven Anderson
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Stellar Lumens (XLM) Community Fund 2.0
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Open source makes it possible for the Stellar ecosystem and community to collaborate and build a truly decentralized network, thus innovating diverse solutions, which one will…
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To fulfill the vision of greater financial inclusion for everyone, SDF understands that monetary support is crucial.
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They have completed five funding rounds and they have worked well and with each time, they are helping tweak and adjust the funding. The New and improved Stellar Community Fund 2.
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Stellar tweeted: “A while back, we launched the Stellar Community Fund so our community could help fund their favorite projects.
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Sydney Ifergan, the crypto expert tweeted: “Bernard Shaw said those who cannot change their mind cannot change anything.
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SCF is undergoing a structural change, because they have learnt that the fund has not been fully optimized to fully benefit the community.
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The current change is necessary to refine the already existing voting system. Two separate voting rounds caused voter fatigue and irregular participation from voters.
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The awards had to be balanced between two developing categories in projects. This is to avoid overpaying one project and underpaying another project.
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The new changes are bringing in a nomination panel and quadratic voting. Thus, the burden of participation in voting is reduced.
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SCF 2.0 now has funds to provide for different projects. In the past the participants generally fell in two buckets.
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Good the SCF acknowledges the importance of the Lab Fund, which is that which leads to the process where someone gets ready to build their business.
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