Carbon Development Fund
Empowering builders and projects within the Carbon ecosystem
The Carbon Development Fund (CDF) is an on-chain community fund controlled by Carbon stakers via on-chain governance. It offers funding to builders and projects within the Carbon ecosystem.
Application Process
The process for getting your development project funded under the CDF can be broken down into 4 different stages:
Share
Submit
Implement
Maintain
Share your Project Idea
When an idea is first conceived for a project, the first step to take is to create a development plan and timeline before posting it on Commonwealth and sharing it on the Carbon Ecosystem community Telegram and Discord channels.
By doing so, project owners can gauge responses and gain feedback from the community, or recruit like-minded individuals to join the team. Be sure to check for any ongoing projects under Governance on Carbonscan to avoid potential overlaps.
Submit your Project Proposal
Once project owners feel that their idea has garnered sufficient support, they can then submit a Text proposal using the proposal template below.
The project proposal submitted on-chain will require on-chain agreement from SWTH stakers through a voting process.
Proposal Template
Summary
State your project title
Give a brief snapshot of your project including key details on what your project is about
Description
Introduce project owners and include any relevant background information or experience
State the project’s key objectives and explain how it will bring value to Carbon and its stakeholders
Share how you plan to carry out your project
Elaborate on the long-term plans for your project and how it will be maintained after launch
Risks and Benefits
Discuss the potential drawbacks of your project and any mitigations
Discuss any auxiliary benefits that may arise from implementing the project
Project Roadmap and Key Deliverables
Define a realistic timeline and roadmap for your project
Elaborate on key deliverables and specifications within your roadmap
Budget
Share the total budget required for your project (in USD)
Breakdown the budget for each project deliverable stated above for the fund release process (e.g. 10% to Deliverable #1, 20% to Deliverable #2)
Carbon Wallet Address
Include your Carbon wallet address to receive funds (funds will be received in SWTH)
Share the link of your governance proposal on Carbon's community Telegram and Discord channels to bring awareness to your proposal and encourage SWTH stakers to vote.
Project Implementation
Proposals that are approved will officially qualify for project grants under the Carbon Development Fund. The project’s journey is now officially underway!
Next, funds will need to be released to the project by submitting a Community Pool Spend proposal. Projects will be awarded funds in stages upon completion of key project deliverables that can be openly verified and assessed by the community. This ensures that projects are seen through to completion and that project owners are held accountable at every step of the process.
When deliverables at each stage of the project are met, project owners will need to submit a Community Pool Spend proposal to release funds on Governance. If the proposal garners sufficient votes from the community, the funds for that stage will be released accordingly.
Project owners would therefore need to allocate relevant proportions of their total budget to each project deliverable, with the last project deliverable marking the completion of the project. At this stage, all remaining funds will be released.
Example
Let’s assume that Project A is awarded a total of $1000 under the CDF. This sum must be broken down and allocated to each project deliverable that was stated in the project proposal.
Deliverable 1: 10% = $100
Deliverable 2: 20% = $200
Deliverable 3: 30% = $300
Deliverable 4 (Completion): 40% = $400
Total awarded over project timeframe: $1000
What Happens After a Project is Completed?
A result of decentralization is that community-driven initiatives should have the ability to function autonomously. The proposal for the project should include a well-considered and explicit plan for the long-term operation and upkeep of the initiative.
Since all projects must be open-source, they will remain accessible for the community to enhance and expand upon post-completion through Governance.
Have questions?
Hop onto our Discord to clarify any questions you may have regarding the Carbon Development Fund (CDF) or application process.
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