Budgetary Notes
Option 1 - Budgetary Details A summary and breakdown of the Catalyst
DRAFT // original document https://docs.google.com/document/d/1H-jxkv79y2PT0P2H4AIRFcCBycnAjTVZ-WOKc2ZRxBU/edit#heading=h.rnpxv7fwn13q //
Catalyst 2.0 Budget Request Summary
Catalyst 2.0’s budget request fund parameters break down as follows:
| Fund 10 Parameters | ||
Fund 10 Total |
| ₳40,000,000 | $17,112,172 |
Community Determined Challenges | 68.76% | ₳27,502,622 | $11,765,740 |
Catalyst Open (Misc) | 3.00% | ₳1,200,000 | $513,365 |
Voter and Catalyst dRep Rewards | 6.25% | ₳2,500,000 | $1,069,511 |
Community Reviewers (L0 and L1) | 4.00% | ₳1,600,000 | $684,487 |
Community Moderators (L2) | 1.00% | ₳400,000 | $171,122 |
Proof of Achievement Rewards | 1.00% | ₳400,000 | $171,122 |
Catalyst Operations | 8.75% | ₳3,500,000 | $1,497,315 |
Catalyst Infrastructure | 0.29% | ₳116,876 | $50,000 |
Catalyst Circle & Co-Circle Rewards | 0.35% | ₳140,251 | $60,000 |
Catalyst Research | 0.35% | ₳140,251 | $60,000 |
Catalyst Community Bounties | 6.25% | ₳2,500,000 | $1,069,511 |
Allocation Total | 100.00% | ₳40,000,000 | $17,112,172* |
*USD values are approximate. They are indicative only - you will be voting on the ada value, not USD.
Community-determined challenges
The outcome of Fund9’s challenge resulted in 10 community-approved challenges for Fund10, equating to 12,725,000 ada available for Fund10 proposals.
Cardano is a blockchain platform for changemakers, innovators, and visionaries, with the tools and technologies required to create possibilities for the many and the few and bring about positive global change. To drive this forward at a greater scale and pace, IOG proposes raising the available challenge pot to 69% of the total Fund available, at 27,600,000 ada, a 2x increase.
An additional Catalyst Open (Misc) Category of 6.5% will also be added to this option.
The challenges voted on in Fund9 will remain in place for Fund10 and will be proportionally increased based on their values.
|
| Original | Proposed |
Category / Challenge | % | ₳12,725,000 | ₳27,502,389 |
22.99% | ₳2,925,000 | ₳6,321,767 | |
0.79% | ₳100,000 | ₳216,129 | |
23.58% | ₳3,000,000 | ₳6,483,864 | |
7.86% | ₳1,000,000 | ₳2,161,288 | |
11.79% | ₳1,500,000 | ₳3,241,932 | |
15.72% | ₳2,000,000 | ₳4,322,576 | |
7.86% | ₳1,000,000 | ₳2,161,288 | |
7.86% | ₳1,000,000 | ₳2,161,288 | |
0.79% | ₳100,000 | ₳216,129 | |
0.79% | ₳100,000 | ₳216,129 | |
Catalyst Open | 3.00% | ₳0 | ₳1,200,000 |
Total |
| ₳12,725,000 | ₳28,702,389 |
USD to ADA Rate (CoinGecko) | $0.43 | Updated automatically | |
| 216.1% | Option 1 Increase |
Note: challenges are ordered by vote results.
Option 2
Under this proposal, the budget request fund parameters for Option 2 are broken down as follows:
| Fund 10 Parameters | ||
Fund 10 Total |
| ₳16,000,000 | $6,840,865 |
Community Determined Challenges | 79.53% | ₳12,725,000 | $5,440,626 |
Voter and Catalyst dRep Rewards | 13.00% | ₳2,080,000 | $889,312 |
Community Reviewers (L0 and L1) | 4.00% | ₳640,000 | $273,635 |
Community Moderators (L2) | 1.00% | ₳160,000 | $68,409 |
Proof of Achievement Rewards | 1.59% | ₳254,667 | $108,884 |
Catalyst Operations | 0.00% | ₳0 | $0 |
Catalyst Circle & Co-Circle Rewards | 0.88% | ₳140,333 | $60,000 |
Allocation Total | 100.00% | ₳16,000,000 | $6,840,865 |
The challenges voted on in Fund9 will remain in place for Fund10, and will not be increased.
|
| Original |
Category / Challenge | % | ₳12,725,000 |
22.99% | ₳2,925,000 | |
0.79% | ₳100,000 | |
23.58% | ₳3,000,000 | |
7.86% | ₳1,000,000 | |
11.79% | ₳1,500,000 | |
15.72% | ₳2,000,000 | |
7.86% | ₳1,000,000 | |
7.86% | ₳1,000,000 | |
0.79% | ₳100,000 | |
0.79% | ₳100,000 | |
Catalyst Open | 3.00% | ₳0 |
Total |
| ₳12,725,000 |
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