Fund10 parameters

Fund10 Operating parameters are the actual operating parameters that make up the Catalyst voting protocol put in place to enable the community to decide which proposal will receive funding from the Cardano Treasury.

Table 1

This table summarizes main parameters to be used.

#	PARAMETER	VALUE	DESCRIPTION
	Product/Business/Informative Parameters
A1	Direct Voting privacy state	Yes	Are votes private?
A2	Fund name	Fund10
A3	Funds under control	50,000,000 ada	Fund will control 50M ada
A4	Challenges title and budget	Development & Infrastructure - ₳8,685,600 Startups & Onboarding for Students - ₳394,800 Products & Integrations - ₳9,080,400 OSDE: Open Source Dev Ecosystem - ₳3,158,400 SPO Tools & Community Projects - ₳4,737,600 Developer Ecosystem - The Evolution - ₳6,316,800 DAOs <3 Cardano - ₳3,158,400 Atala PRISM: Launch Ecosystem🚀 - ₳3,158,400 dRep improvement and onboarding - ₳394,800 Building on NMKR - ₳394,800 Catalyst Open - ₳1,400,000 Catalyst Fund Operations - ₳2,140,000 Catalyst System Improvements - ₳3,570,000
A5	Minimum budget request per proposal	₳15,000	Minimum amount for each proposal.
A6	Maximum budget request per proposal (Applies to Catalyst Open category only)	₳75,000	Maximum amount for each proposal in the Catalyst Open category
A7	Proposals submission fee	Free	Proposers can submit any number of proposals for discussion on Ideascale. Catalyst Team will remove ‘placeholder’ proposals at the point where the submission deadline elapses. Placeholder proposals include proposals where any of the form fields are left unanswered or obviously incomplete by the deadline.
A8	Funds Move Instantaneous Rewards (MIR) target date	Sep 18, 2023	Fund10 budget should be moved from the treasury to the seed account before voting results.
A9	Rewards and funds distribution target date	Oct 16, 2023- Oct 20, 2023	When community rewards and F10 funding for initial milestone 1 tranche is paid following verification of test transaction.
A10	Maximum proposals that can be put on the ballot	No limit
A11	Community Reviewer registration	Through Ideascale	Anyone can register as a Community Reviewer. Community Reviewers will be delineated between Lv0, Lv1, Lv2 reviewers based on their contributions during the Community Review stage.
A12	Proposals registration on the blockchain	Aug 30, 2023	Date when proposals are loaded into the vote plan and registered into Block0
A13	Voting power threshold	Minimum 450,000,000 lovelace. (450 ada) Recommended 500,000,000 lovelace (500 ada)	450 ada is the minimum stake threshold to become a voter, based on the efficiency benchmarks of the voting protocol. Specific value of the voting stake threshold will be defined by the protocol benchmarks. Please note that due to the variety of 3rd party wallet providers integrating with Catalyst and associated voter registration fees, the recommended threshold to communicate is 500 ada required to participate in Catalyst voting as a buffer to account for unclaimed staking rewards.
A14	Registration snapshot date	Aug 18, 2023 09:00 PM UTC
A15	Voting period start time	Aug 31, 2023, 11:00 AM UTC	UTC date and time when voters can start voting on proposals
A16	Voting period end time	Sep 14, 2023, 11:00AM UTC
A17	Start of tallying	Sep 14, 2023
A18	End of tallying	Sep 18, 2023	UTC date when the decrypted tally is made publicly available.
A19	fund_id	10	Fund_id as described in vote plan
A20	Tallying optimization	1 ADA = 1 voting token (i.e. the stake amount in lovelace is divided by 1000000)	How voting power is being proportionally reduced in order to optimize tallying performance
	Rewards Parameters
B1	Proposal Funding logic (winner selection rule)	Fuzzy threshold voting, proposals are ranked by the difference of Yes and No votes and funded one by one until challenge budget is exhausted	Proposals are ranked by sum of votes and funded in order. If the amount requested by a proposal is larger than the remaining challenge amount, it is skipped.
B2	Proposal acceptance threshold	1% of total voting power 15% more ‘Yes’ than ‘No’	At least 1% of the total registered stake must vote on a proposal. E.g., there is 1 billion ADA as a total registered stake. To be accepted (become an ‘approved proposal’ as well as be eligible for funding), a proposal must be voted by at least 0.01 * (1 * 10^9) = 10 millions of ADA. 'Yes'-'No' difference of the stake voted on proposal must be at least 15% Formula: (YES-NO)/(YES+NO) > 0.15 (e.g., 90% 'Yes' and 10% 'No', or 57.6% 'Yes' and 42.4% 'No', or 100% 'Yes' and 0% 'No', etc.; it is assumed that abstained stake does not vote on the proposal in the current architecture).
B3	Voting options and Funding logic in Catalyst Operations category	Yes/Abstain No ‘No’ option No thresholds	The winner is determined by the highest ‘Yes’ vote only.
B4	Vrtotal	2.50% ₳1,250,000	Voter Rewards Rewards are received by casting votes
B5	Artotal	2.50% ₳1,250,000	Community Review Rewards LV0 (20% of share) LV1 (80% of share)
B6	AArtotal	0.40% ₳200,000	Community Moderator Rewards LV2 (up to ₳5 ada for each review check)
B7	Cttotal	0.22% ₳110,000 ₳10,000 per CT 30% (₳3,000) Deliverable 1 70% (₳7,000) Deliverable 2	Challenge Team rewards paid for: Deliverable 1: Introducing the challenge during F10 launch Deliverable 2: Onboarding FPs and conducting PoL verification
B8	Pam	1.20% ₳600,000 Breakdown: 0.40% ₳200,000 for Project < ₳150,000 ₳200 per Milestone PoA 0.80% ₳400,000 for Project > ₳150,000 ₳300 per Milestone PoA ₳350 per Statement of Milestone (regardless of project budget)	Project Accountability Management Rewards Rewarding Community Reviewer help to verify : Statement of Milestones (SoM) Milestone Proof of Achievement [1] Funded projects will submit to Catalyst a Statement of Milestones SoM is verified by at least 2 community reviewers and rewarded ada for their work. [2] PoA conducted by a reviewer representative. PoA incentive is paid to reviewers. Where proposals are over ₳200,000 reviews must be conducted by 2 separate reviewers. Maximum reward is ₳200/₳300 each for 2 reviewers to carry out PoA.
B9	Voter Rewards formula	Vrj=stakejstaketotalVrtotal	Voter rewards will be given for active participants only in proportion to the voting power voters have. stakej - voter’s stake; staketotal - total amount of ‘active’ stake.
B10	Community Review LV0 reward formula	0.5% ₳250,000 % Share of rewards taken from 20% of the allocated budget Maximum ₳17 per review	Share of rewards based on number of Lv0 community rewards received 0.5% of total budget
B11	Community Review LV1 reward formula / $ price per LV1 Community reviewer reward	2% ₳1,000,000 ₳33 per review taken from 80% of the allocated budget	A simple price paid per review 2% of total budget
B12	Community Review LV2 (Community Moderators) reward formula / $ per Lv2 reward	0.4% ₳200,000 Maximum ₳5 per LV2 flagged review check	Share of rewards based on number of flags raised by scripts for LV2 moderator review 0.4% of total budget
B13	# of LV1 reviews that will be rewarded in a round	10-80 Reviews per LV1 Community Reviewer are rewarded under this parameter	A limit to how much an individual LV1 can be rewarded for their allocation in a single funding round. Minimum rewards threshold is ₳330 in ada for 10 reviews. Any number of reviews under this amount will not be rewarded. Any reviews above the threshold allocation number (80) will be included into the LV0 pot
	Back-End Parameters
C1	Direct Voting privacy state	Yes	Are votes private?
C2	Funds under control	50,000,000 ada	Fund will Control 50M ada
C3	Voting power threshold	450,000,000 lovelace. (450 ada) Communicate threshold as 500 to account for tx fees	Minimal stake threshold to become a voter, based on the efficiency benchmarks of the voting protocol. Specific value of the voting stake threshold will be defined by the protocol benchmarks. Note that threshold must be lowered by 50 ada from the amount stated to the community to address registration fees.
C4	current_fund_name	Fund10
C5	current_insight_sharing_start	Jun 22, 2023
C6	current_proposal_submission_start	Jun 22, 2023
C7	current_refine_proposals_start	Jun 22, 2023
C8	current_finalize_proposals_start	Jul 13, 2023
C9	current_proposal_assessment	Jul 20, 2023
C10	current_assessment_qa_start	Aug 10, 2023
C11	current_snapshot_start	Aug 18, 2023
C12	current_voting_start	Aug 31, 2023
C13	current_voting_end	Sep 14, 2023
C14	current_tallying_end	Sep 18, 2023