What is the Catalyst Trust?

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DRAFT

The Catalyst Trust will be a “purpose trust,” which means it will be a legal entity without any owners or shareholders that is established for the specific purpose of funding projects that benefit the Cardano ecosystem. It will hold funds transferred to it from the Cardano Treasury and will disburse funds, directly or through third parties, to projects that are approved by the community as part of a Catalyst funding round. The Trust will also be able to accept invoices from funded projects and community service providers.

Funds transferred from the Treasury to the Catalyst Trust will not only be used to fund approved projects. They will also fund services delivered to Catalyst by service providers, such as IOG and others in the community, including community reviewers, project accountability verifiers, and recipients of bounty commissions.

Fulfilling existing commitments, which would be held in a Project Catalyst Seed Account, amounting to ( xxx ada), will also be transferred to the Catalyst Trust to continue disbursements to active funded projects from previous funding rounds.