Cardano Open: Ecosystem - $ADA 4,000,000
Cardano Use Cases: Prototype & Launch - $ADA 6,000,000
Cardano Partners: Tier-1 Enterprise Integrations - $ADA 8,500,000
Midnight: Compact DApps - $USDM 250,000
|Cardano Open: $ADA 15,000
Cardano Use Cases: $ADA 15,000
Cardano Partners: $ADA 250,000
Midnight: $USDM 2,500
| Minimum amount for each proposal. | | A6 |Maximum budget request per proposal
Cardano Open: $ADA 60,000
Cardano Use Cases: $ADA 200,000
Cardano Partners: $ADA 750,000
Midnight: $USDM 10,000
| Maximum amount for each proposal. | | A7 | Proposals submission fee | Free | Applicants can submit up to 2 finalized proposals into Fund15. The Catalyst Team will remove incomplete and ineligible/non-compliant proposals when the submission deadline elapses. | | A8 | Compensations and funds distribution target date | March 2026 | The target date, which is subject to change, for when F15 funding for milestone 1 initial tranche and community governance role compensation is paid following verification of test transactions. | | A9 | Maximum proposals per applicant that can be put on the ballot | 2 | If more than 2 applications are submitted by the same person or entity, only the first 2 submissions received will be accepted for the voting process. | | A10 | Community Reviewer registration | Community Reviewer registration is a Catalyst ID generated in the Catalyst App for use in the Community Review Module |Anyone can register to be a Community Reviewer. Start by creating an account in Catalyst, generating a Catalyst ID and registering to be a Community Reviewer.
Community Reviewers can be LV0, LV1, LV2 reviewers based on their experience and contributions from previous Community Review stages.
| | A11 | Proposals registration on the blockchain | Jan 8, 2026 | The target date, which is subject to change, for when proposals are loaded into the vote plan and registered into Block0. | | A12 | Voting power threshold |Minimum 25,000,000 lovelace
(25 ADA)
Jan 29, 2026
Generalized Quadratic Voting Parameter: 1/3 (Cube Root) after the stake snapshot
Generalized Quadratic Voting with the Scaling Parameter (Gamma):
Gamma = 1 means "1 ADA is 1 Vote".
Gamma = 0 means "1 Wallet is 1 Vote".
Any fraction between those is (voter's stake in ADA) to the power of the Gamma = Voting Power.
The Scaling Parameter is Cube Root, which is equivalent to the voter's stake in ADA to the power of 1/3 in the selected Generalized Quadratic Voting scheme.
| | A19 |Proposal Funding logic
(winner selection rule)
Proposals are ranked by the “YES” votes and funded one by one until the budget allocated for the category is exhausted. Any leftover funds will follow the logic and guidelines set out in the F15 Fund Rules.
Midnight: Compact DApps category proposals follow the same logic, but are subject to Midnight Foundation's ultimate decision about which proposals are funded.
| Proposals are ranked by “YES” votes and funded in order of the voting power received. If the amount requested by a proposal is more than the remaining budget available, it is skipped. | | A20 | Proposal acceptance threshold |2% of active voting power
At least 2% of the total voting power calculated based on the total active stake in all active wallets must cast at least one vote.
E.g., there is 1,75 billion of ADA as the total active stake in 5000 wallets. From the amount of stake in each wallet it is independently taken the cube root (giving corresponding voting power to the owner of this wallet), and the sum of voting power in all wallets gives 208,722 ADA of the total voting power (as there is a sum of the cube roots, this sum depends on stake distribution among wallets and it is not equal to just the cube root of the total registered stake).
To be accepted (become an 'approved proposal' as well as be eligible for funding), a proposal must be voted "YES" by at least 0.02 \* ₳208,722 = ₳4,174.44
| | A21 | Voting options | Yes/Abstain | There is only “YES” and “ABSTAIN” in all categories | |Voter compensations will be given for active participants only in proportion to the voting power voters have.
2.50%
$ADA 500,000
Voter Compensations
Compensation is for active participation in the Voting (cast at least 1 vote)
In order to benefit from voter rewards, voters must select either ‘Yes’ or ‘Abstain’ in the voter interface. By choosing to not select the ‘Abstain’ option, this will not cast an ‘Abstain’ vote and therefore not generate a unit of voter compensation.
| | B3 |  |2.50%
$ADA 500,000
Community Review Compensations
LV0 (20% of share - $ADA 100,000):
LV1 (80% of share - $ADA 400,000):
0.70%
$ADA 140,000
Community Moderator Compensations
$ADA 120,000:
$ADA 20,000:
1.80%
$ADA 360,000
Project Accountability Management Compensations
Compensating L2 Community Reviewers who help to verify evidence of achievements for:
Funded projects will submit a Statement of Milestones once approved and onboarding.
Each SoM and milestone PoA are verified by at least 2 community reviewers at each milestone and compensated $ADA for their work.
$ADA 20,000,000
$USDM 250,000
| Fund will have $ADA 20M and $USDM 250K available | | C3 | Voting power threshold |25,000,000 lovelace.
(25 ADA)