Canton Network Dev Fund Governance Approved
Summary
The Canton Network community has approved CIP-0100, which formalizes the governance structure for the 5% Development Fund. This fund will be administered by the Canton Foundation Tech & Ops Committee, utilizing a milestone-based grant system where recipients mint CC directly upon verification. The approval ensures transparency through quarterly public reporting and annual audits, aiming to sustain long-term investment in core protocol R&D, tooling, security, and ecosystem infrastructure for the ...
CIP-0100: Development Fund Governance Update 🔔
CIP-0100 is now approved, formalizing how Canton Network’s 5% Development Fund (CIP-0082) is governed.
The fund is administered by the Canton Foundation Tech & Ops Committee with a clear process for:
- Proposal submission
- Milestone-based grants
- Ongoing accountability
Transparency & Reporting 📊
You can expect:
- Quarterly public reporting on receipts, balances, commitments, disbursements, and outcomes
- Annual independent audit/attestation of the fund
How Funding Works 💧
Funding is designed to be earned through delivered milestones:
- Recipients mint CC directly when milestones are verified
- Funds do not route through the Foundation
Long-Term Goal 🛠️
The goal is simple:
Sustain long-term investment in core protocol R&D, developer tooling, security, audits, and ecosystem infrastructure that compounds utility over time. @Announcements
