Catalyst Fund 12
We are extremely grateful to our fantastic community for all the support we received during Fund 11. We had a wonderful round and it has meant that progress on the Âtrium platform has been significantly expedited, seeing numerous new additions to the team.
Since Fund 11 we have successfully launched the Staking Baskets testnet on Cardano’s preview network, seeing thousands of users join the Discord and take part in helping battle test the much anticipated smart contract which will be used to spread delegation further across the Cardano stake pool ecosystem, helping to strengthen decentralisation and support small pools.
Fund 12 applications have now closed and we are applying for some further support from the Cardano Community to help prepare for the next additions to the Âtrium interface. Here is a breakdown of what is being proposed:
TLDR
We are looking to fund 4 proposals across 3 projects.
Staking baskets — 1 proposals
Âtrium Profiles — 2 proposals
Education platform— 1 proposal
Proposal list
Staking Basket Bot Open-Source
Bot designed to allow Staking Basket pool delegation to be rebalanced automatically each epoch to ensure allocation percentages are maintained.
Profile NFTs — Incentivizing Social/Blockchain Engagement w/ Achievements & connecting Socials to Cardano
A Discord bot that connects Social Media to the Cardano blockchain.
Profile NFTs — Customizable NFT Webpage w/ user data on-chain in datums
Profile interface that connects to Stoa Smart contract profile NFTs
Education Platform Expansion
Educational motion graphic explainer videos to advance knowledge of Cardano topics built into the Âtrium interface.
How much are we asking for?
At the time we submitted the proposals, we are asking for around $257.5k in total. As we had to submit our funding request in ADA amount, the actual amount we submitted will change in Dollar value.
Staking Basket Bot Open-Source — 200,000ada — ~$78k
Profile NFTs… Discord to Cardano — 200,000ada — ~$78k
Profile NFTs… Customizable NFT webpage — 175,000ada — ~$68.2k
Education Platform Expansion —85,260ada — ~$33.3k
Grand total ~$285.3k
0.39ADA/USD at time of Medium article submission
Summary
As we’ve said before, we have the utmost respect for the Catalyst funding mechanism built into our beautiful network. We were successful in raising funding in Fund 11, which saw us able to survive a tough bear market and pay down on the tooling and staffing needed to build our foundational Âtrium Alpha. We are looking to raise just enough to see us continue to develop our future pipeline of products into the coming months.
Our Alpha release has seen an overwhelming response from the Cardano community. We’ve seen over 3,300 unique staking addresses test Staking Baskets and the Dashboard interface, completing 56k txs. Over 180 Million tAda has been deposited to ‘Diffusion’, and many hundreds of users creating Cardano wallets for the first time just to try our preview network testnet.
These numbers give us confidence that we are building something that is wanted and needed by the Cardano community, and provides us the reassurance that requesting Catalyst funding to continue the development of Âtrium is money well spent.
If you agree, please support us, please share this article, show us some love on social media, and please vote for these proposals. Voting begins Jun 27 — Jul 11. You can find out how to register to vote here.
Thank you for your time
