Finance News
By Ayobami Abiola
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Voting Weights.
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The Stellar Community Fund’s Lab fund voting rounds began on November 1 with nine projects to be voted.
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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.
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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:
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“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…
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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.
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Each member can see the effect of their votes on the grant fund to be sent to each project.
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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.
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SCF seed fund presents a more stringent method of grant allocation and a lot more rewards than the lab fund.
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“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…
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Ayobami Abiola, a cryptocurrency enthusiast and writer at The Currency Analytics crypto news platform, opined via a tweet:
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“@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.
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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.
The Currency Analytics
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