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The Stellar Community Fund has announced an upgrade and adjustments to its funding allocation process
Svmuu News: Stellar has announced an upgrade to its community fund, launching Stellar Community Fund v7.0, aimed at accelerating ecosystem growth and helping developers scale more quickly. The fund has reportedly been in operation for six and a half years, and this upgrade follows the successful SCF Pilot vote via the Soroban Governor, designed to adapt to the network’s maturity and developers’ needs. SCF v7.0 will adjust and optimize the funding disbursement process to encourage execution, speed, and delivery, specifically: 10% will be paid upon grant approval, 20% at the mid-development milestone stage, 30% during the advanced product preparation stage (testnet), and 40% upon mainnet launch verification and user experience readiness.
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