2023-01-19 20:09:15
Fantom's Ecosystem Vault has officially launched! The Vault is
a funding pool aimed at empowering builders on #Fantom for new projects, ideas and creations via community-driven governance proposals.
Dive in here for full details on how to apply!
Projects building and deploying on the Fantom network are able to apply for an amount of funding equal to the current amount held in the Vault at time of application.
Total supply of #FTM held in the vault can be seen by visiting this page.
To submit an application, a project is required to submit a forum post providing as much detail as possible about development goals, timelines, KPIs, etc.
Forum posts should be submitted to the Vault category here!
After the forum post is submitted, a governance proposal must be made (100 FTM fee).
The governance proposal will need to contain a link to the forum post with no further text required in the description. Governance proposals should be submitted via the fWallet here
A proposal must receive at least 55% approval with 55% quorum to be considered successful.
#Llamapay will be used to distribute all funding. Only wallet addresses included in the application can be paid.
All
payouts have a minimum streaming time, which depends on the amount of $FTM requested:
• < 500,000 = 1-month streaming
• 500,001 to 1,500,000 = 3-month streaming
• 1,500,001 to 3,000,000 = 6-month streaming
• 3,000,0001 and above = 12-month streaming
The Vault represents a valuable opportunity for innovative dApps building on Fantom who seek funding.
Vault is also a chance for the community to come together and shape the future through their funding decisions.
1.1K viewsNick R, 17:09
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