TechFlow reports that the Fantom Foundation has announced on Twitter the successful passage of the Vault v2.0 proposal for the Fantom ecosystem. The approval of this vote will accelerate the distribution of treasury funds collected through Gitcoin ecosystem projects. Builders on Fantom will now have access to new growth funding on a quarterly basis. An announcement regarding the next round of Gitcoin is forthcoming.
According to data from real-time monitoring websites, the treasury currently holds 539,415 FTM, worth approximately $160,000. The Ecosystem Vault collects 10% of all transaction fees paid to the network. Applicants can claim funds by submitting a Fantom governance proposal, which requires 55% approval and quorum support.
Add to Favorites
Share to Social Media
