CoinVoice has learned that Stellar has announced an upgrade to the community fund, launching the Stellar Community Fund v7.0, aimed at accelerating ecosystem growth and helping developers scale more quickly. The fund has been in operation for six and a half years. This upgrade follows a successful SCF Pilot vote via Soroban Governor and is designed to meet the needs of a mature network and developers.
SCF v7.0 will adjust and optimize the fund disbursement method to encourage execution, speed, and delivery, specifically as follows: an initial payment of 10% at grant approval, 20% paid at mid-term development milestones, 30% during the advanced product readiness stage (testnet), and 40% upon mainnet launch verification and user experience readiness.
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Stellar Community Fund announces upgrade and adjustment of funding disbursement methods
CoinVoice has learned that Stellar has announced an upgrade to the community fund, launching the Stellar Community Fund v7.0, aimed at accelerating ecosystem growth and helping developers scale more quickly. The fund has been in operation for six and a half years. This upgrade follows a successful SCF Pilot vote via Soroban Governor and is designed to meet the needs of a mature network and developers.
SCF v7.0 will adjust and optimize the fund disbursement method to encourage execution, speed, and delivery, specifically as follows: an initial payment of 10% at grant approval, 20% paid at mid-term development milestones, 30% during the advanced product readiness stage (testnet), and 40% upon mainnet launch verification and user experience readiness.