Stellar Development Foundation launches SCF 2.0, splitting the Stellar Community Fund into two distinct funds: a 500k Lumen lab fund for experimental projects (4x yearly) and a 5M Lumen seed fund for viable businesses (2x yearly). The redesign introduces panel judges for initial filtering and flaggable quadratic voting to better allocate funds based on community sentiment.
The Stellar Development Foundation announced the launch of SCF 2.0, a major redesign of the Stellar Community Fund after months of planning. The new structure splits funding into two tracks: a lab fund (500k Lumens, 4x yearly, 12 projects) for experimental, open-source, and documentation work, and a seed fund (5M Lumens, 2x yearly, 3-5 projects) for mature businesses and utilities. Key innovations include a panel of judges to filter entries and reduce voter fatigue, and flaggable quadratic voting that allows community members to express intensity of preference while preventing manipulation. The quadratic voting system lets voters allocate credits that scale quadratically, enabling them to flag suspicious activity without burning all their voting power. SMS verification replaces Keybase to reduce sybil attacks. The first lab fund opens immediately with submissions closing September 21st, while the seed fund remains open through January 18th, 2021.