Lumen Loop
All news
Articlemedium.comAnke Liu1y ago

Introducing Stellar Community Fund 6.0

The Stellar Community Fund launches version 6.0 with enhanced support for ecosystem projects, integrating a new Kickstart bootcamp program, streamlined Build Awards up to $150K, post-launch growth initiatives including DraperU's Embark Accelerator, and category-specific delegate panels for improved governance.

SCFDevelopersGovernance
Lumen Loop's take

Stellar Community Fund 6.0 represents a significant evolution in how the fund supports ecosystem development, leveraging Stellar's smart contract capabilities. The update introduces Kickstart, a 5-day bootcamp offering up to $15K awards for proof-of-concept development, and consolidates previous award structures into a single SCF Build Award providing up to $150K in XLM for project launches. Recognizing the critical post-launch phase, SCF is establishing partnerships with accelerators like DraperU's Embark Accelerator (offering $50K guaranteed investment) and developing a Stellar LaunchKit for comprehensive launch support. The fund also introduces category-specific Delegate Panels composed of subject matter experts to improve decision-making efficiency while maintaining decentralization. The rollout occurs in phases through January 2025, with immediate launches of SCF #30 applications and subsequent releases adding accelerator collaborations and growth track pilots.