The Currency Analytics
By Ayobami Abiola
Voting Weights.
The Stellar Community Fund’s Lab fund voting rounds began on November 1 with nine projects to be voted.
The Stellar Community Fund (SCF) transitioned into version 2.0 in the past few months. This is owing to the events that unraveled with version 1.
Lab funds focus on projects that are experimenting with the use cases, an entry point for exploration and discovery of the stellar protocol. According to the Lab-fund web page:
“The goal of the Lab Fund is to inspire experimental use cases, open-source software, documentation, events, market presence, and real-world stress tests… This fund is an entry…
12 qualified projects are selected by the nominating panels from those that applied. Selected projects are then voted by the community via a quadratic vote.
Each member can see the effect of their votes on the grant fund to be sent to each project.
SCF 2.0 lab fund has nine qualifying projects which include Relax, Ayadee TRAK Supply Chain System, Edunode, Anara Farmer’s Market, Crypto Link, Lumenswap, DEB, Stellarscam.
SCF seed fund presents a more stringent method of grant allocation and a lot more rewards than the lab fund.
“The goal of the Seed Fund is to help viable, innovative, first-mover businesses and utilities get started on Stellar… Applicants for the Seed Fund provide a business model as…
Ayobami Abiola, a cryptocurrency enthusiast and writer at The Currency Analytics crypto news platform, opined via a tweet:
“@StellarOrg SCF 2.0 Lab fund and seed fund has a lot of initiative input into it. The quadratic voting method is just creative enough for many other #crypto projects to follow.
SDF has already stated that the SCF is a learning curve. It is expected that as things progress, the Stellar community will see exciting updates to empower their favorite projects.