# Fund parameters

Fund14 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 under the Project Catalyst program. Please note that given the dynamic nature of Project Catalyst, the following dates and parameters may change as the actual Fund progresses. If this is the case, community announcements will be distributed for clarifications.

<table data-header-hidden><thead><tr><th width="94"></th><th width="257"></th><th></th><th></th></tr></thead><tbody><tr><td>#</td><td><strong>PARAMETER</strong></td><td><strong>VALUE</strong></td><td><strong>DESCRIPTION</strong></td></tr><tr><td><br></td><td><strong>General Parameters</strong></td><td></td><td></td></tr><tr><td>A1</td><td>Direct Voting privacy state</td><td>Yes</td><td>Are votes private?</td></tr><tr><td>A2</td><td>Fund name</td><td>Fund14</td><td><br></td></tr><tr><td>A3</td><td>Funds available</td><td>20,000,000 ada</td><td><br></td></tr><tr><td>A4</td><td>Challenges title and budget</td><td><p>Cardano Open: Developers - ₳3,100,000</p><hr><p>Cardano Open: Ecosystem - ₳3,000,000</p><hr><p>Cardano Use Cases: Concept - ₳4,000,000</p><hr><p>Cardano Use Cases: Partners &#x26; Products - ₳8,500,000</p></td><td><br></td></tr><tr><td>A5</td><td>Minimum budget request per proposal</td><td><p>Cardano Open: </p><ul><li>Developers: <strong>₳15,000</strong></li><li>Ecosystem: <strong>₳15,000</strong></li></ul><p>Cardano Uses Cases:</p><ul><li>Concept: <strong>₳15,000</strong></li></ul><p>Partners &#x26; Product: <strong>₳250,000</strong></p></td><td>Minimum amount for each proposal.</td></tr><tr><td>A6</td><td><p>Maximum budget request per proposal </p><p><br></p></td><td><p>Cardano Open: </p><ul><li>Developers: <strong>₳100,000</strong></li><li>Ecosystem: <strong>₳60,000</strong></li></ul><p>Cardano Uses Cases:</p><ul><li>Concept: <strong>₳100,000</strong></li></ul><p>Partners &#x26; Product: <strong>₳1,000,000</strong></p></td><td>Maximum amount for each proposal.</td></tr><tr><td>A7</td><td>Proposals submission fee</td><td>Free</td><td>Applicants can submit up to 6 proposals for community approval during Fund14. The Catalyst Team will remove incomplete proposals when the submission deadline elapses.</td></tr><tr><td>A8</td><td>Compensations and funds distribution target date</td><td>Week of Nov 17, 2025</td><td>The target date, which is subject to change, for when F14 funding for milestone 1 initial tranche and community governance role compensation is paid following verification of test transactions.</td></tr><tr><td>A9</td><td>Maximum proposals per Proposer or co-proposer that can be put on the ballot</td><td>6</td><td>If more than 6 applications are submitted by the same person or entity, only the first 6 submissions received will be accepted for the voting process.</td></tr><tr><td>A10</td><td>Community Reviewer registration</td><td>Community Reviewer registration is a Catalyst ID generated in the Catalyst App for use in the Community Review Module</td><td><p>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.</p><p></p><p>Community Reviewers can be LV0, LV1, LV2 reviewers based on their experience and contributions from previous Community Review stages. </p></td></tr><tr><td>A11</td><td>Proposals registration on the blockchain</td><td>Sep 17, 2025</td><td>The target date, which is subject to change, for when proposals are loaded into the vote plan and registered into Block0.</td></tr><tr><td>A12</td><td>Voting power threshold</td><td><p></p><p></p><p>Minimum 25,000,000 lovelace (25 ada)</p><p><br><br></p></td><td>25 ada is the minimum stake threshold to register as a voter</td></tr><tr><td>A13</td><td>Registration snapshot date</td><td>Sep 11, 2025 09:45 PM UTC (epoch boundary 581 into 582)</td><td>The target date, which is subject to change, for when the Snapshot takes place at the epoch boundary. Voters are advised not to move staked ada for one epoch beyond the snapshot time and date.</td></tr><tr><td>A14</td><td>Voting period start time</td><td>Sep 22, 2025, 12:00 PM UTC</td><td>The target date, which is subject to change, when voters can start voting on proposals</td></tr><tr><td>A15</td><td>Voting period end time</td><td>Oct 6, 2025, 11:00 AM UTC</td><td>The target date, which is subject to change, when voters stop voting on proposals</td></tr><tr><td>A16</td><td>Start of tallying</td><td>Oct 6, 2025</td><td>The target date, which is subject to change, when the voting tally is decrypted</td></tr><tr><td>A17</td><td>End of tallying</td><td><p>Oct 9, 2025</p><p><br></p></td><td>The target date, which is subject to change, when the decrypted tally is made publicly available.</td></tr><tr><td>A18</td><td>Enhancing decentralization</td><td>Generalized Quadratic Voting Parameter: 1/3 (Cube Root) after the stake snapshot</td><td><p>Generalized Quadratic Voting with the Scaling Parameter (Gamma):</p><ul><li>Gamma = 1 means "1 ADA is 1 Vote".</li><li>Gamma = 0 means "1 Wallet is 1 Vote".</li><li>Any fraction between those is (voter's stake in ADA) to the power of the Gamma = Voting Power.<br></li></ul><p>The Scaling Parameter is Cube Root, which is equivalent to voter's stake in ADA to the power of 1/3 in the selected Generalized Quadratic Voting scheme.</p></td></tr><tr><td><br></td><td><strong>Compensation Parameters</strong></td><td></td><td></td></tr><tr><td>B1</td><td>Proposal Funding logic<br>(winner selection rule)</td><td>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 F14 Fund Rules.</td><td>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.</td></tr><tr><td>B2</td><td>Proposal acceptance threshold</td><td><p></p><p>1% of total voting power</p></td><td>At least 1% of the total voting power calculated based on the total registered stake in all registered wallets must vote "YES" on a proposal.<br>
<br>E.g., there is ₳4.45 billion of ADA as the total registered stake in 57,000 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 ₳1,200,000 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).<br>
<br>To be accepted (become an 'approved proposal' as well as be eligible for funding), a proposal must be voted "YES" by at least 0.01 * ₳1,200,000 = ₳12,000</td></tr><tr><td>B3</td><td>Voting options</td><td>Yes/Abstain</td><td>There is only “YES” and “ABSTAIN” in all categories</td></tr><tr><td>B4</td><td>Voter compensations formula</td><td><img src="https://1289858131-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1WSgbrgHqq5E9Mh8hoBn%2Fuploads%2FQDRBG8MtFE3NfwDf7wWh%2Fimage.png?alt=media&#x26;token=e1561a3f-498c-40e9-acd0-2af903d647b6" alt="" data-size="original"></td><td><p>Voter compensations will be given for active participants only in proportion to the voting power voters have.<br></p><p><img src="https://1289858131-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1WSgbrgHqq5E9Mh8hoBn%2Fuploads%2FPyhixEsBprOR7aKgKYzZ%2Fimage.png?alt=media&#x26;token=f57001c3-6710-4341-bd03-6c8365ea0e34" alt="" data-size="original"></p></td></tr><tr><td>B5</td><td><img src="https://1289858131-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1WSgbrgHqq5E9Mh8hoBn%2Fuploads%2Fkh754aspPfZyqoPKJeHf%2Fimage.png?alt=media&#x26;token=52bdbf23-0b36-4727-a828-1111277f94ac" alt="" data-size="original"></td><td>2.50%<br>₳500,000</td><td><p>Voter Compensations</p><p></p><p>Compensation is for active participation in the Voting (cast at least 1 vote)</p><p></p><p>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.</p></td></tr><tr><td>B6</td><td><img src="https://1289858131-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1WSgbrgHqq5E9Mh8hoBn%2Fuploads%2FPOuOlqHeySfGaQQzXLD3%2Fimage.png?alt=media&#x26;token=bf0edb65-c54d-4bec-992b-f030d3506829" alt="" data-size="original"></td><td>2.50%<br>₳500,000</td><td><p>Community Review Compensations<br></p><p>LV0 (20% of share - ₳100,000): </p><ul><li>Share of compensations based on number of LV0 community compensations received</li></ul><p></p><p>LV1 (80% of share - ₳400,000):</p><ul><li>A simple price paid per review</li></ul></td></tr><tr><td>B7</td><td><img src="https://1289858131-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1WSgbrgHqq5E9Mh8hoBn%2Fuploads%2FUT6CRJ2Fjte9n2ifhoNf%2Fimage.png?alt=media&#x26;token=a064bb38-25d3-485b-8f46-d31914492603" alt="" data-size="original"></td><td><p>0.40%<br>₳80,000</p><p><br></p></td><td><p>Community Moderator Compensations</p><p></p><p>Share of community compensations based on the number of flags raised by scripts for LV2 moderator review</p></td></tr><tr><td>B8</td><td><img src="https://1289858131-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1WSgbrgHqq5E9Mh8hoBn%2Fuploads%2FItMm5B3yFUuBHaNAINOU%2Fimage.png?alt=media&#x26;token=6b181d72-b52b-4ff4-921b-9b9addb16dff" alt="" data-size="original"></td><td><p></p><p></p><p>1.60%<br>₳320,000</p><p><br><br></p></td><td><p>Project Accountability Management Compensations </p><p> </p><p>Compensating L2 Community Reviewers who help to verify evidence of achievements for:</p><ol><li>Statement of Milestones (SoM)</li><li>Milestone Proof of Achievement (PoA)</li></ol><p>Funded projects will submit a Statement of Milestones once approved and onboarding.</p><p></p><p>Each SoM and milestone PoA are verified by at least 2 community reviewers at each milestone and compensated ada for their work.</p></td></tr><tr><td><br></td><td><strong>Back-End Parameters</strong></td><td></td><td></td></tr><tr><td>C1</td><td>Direct Voting privacy state</td><td>Yes</td><td>Are votes private?</td></tr><tr><td>C2</td><td>Funds under control</td><td>20,000,000 ada</td><td>Fund will have 20M ada available</td></tr><tr><td>C3</td><td>Voting power threshold</td><td>25,000,000 lovelace. (25 ada)</td><td>25 ada is the minimum stake threshold to become a voter, based on the efficiency benchmarks of the voting protocol.</td></tr><tr><td>C4</td><td>current_fund_name</td><td>Fund14</td><td><br></td></tr><tr><td>C5</td><td>current_insight_sharing_start</td><td>Jul 31, 2025</td><td>Target date, subject to change</td></tr><tr><td>C6</td><td>current_proposal_submission_start</td><td>Jul 31, 2025</td><td>Target date, subject to change</td></tr><tr><td>C7</td><td>current_refine_proposals_start</td><td>Jul 31, 2025</td><td>Target date, subject to change</td></tr><tr><td>C8</td><td>current_finalize_proposals_start</td><td>Jul 31, 2025</td><td>Target date, subject to change</td></tr><tr><td>C9</td><td>current_proposal_assessment</td><td>Aug 22, 2025</td><td>Target date, subject to change</td></tr><tr><td>C10</td><td>current_assessment_qa_start</td><td>Sep 10, 2025</td><td>Target date, subject to change</td></tr><tr><td>C11</td><td>current_snapshot_start</td><td>Sep 11, 2025</td><td>Target date, subject to change</td></tr><tr><td>C12</td><td>current_voting_start</td><td>Sep 22, 2025</td><td>Target date, subject to change</td></tr><tr><td>C13</td><td>current_voting_end</td><td>Oct 6, 2025</td><td>Target date, subject to change</td></tr><tr><td>C14</td><td>current_tallying_end</td><td>Oct 9, 2025</td><td>Target date, subject to change</td></tr></tbody></table>

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