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Budget Weighting Votes

Fund 8

Community vote for fund 8 to determine budget weightings of the funding categories

Overview

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This is a fund 8 vote for setting the budgets of the funding categories that have been proposed in the fund 9 challenge setting.

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Voting decisions

The following is the two budget weighting decisions for this community vote.

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The remaining percentage would be what is available for other challenge setting proposals. For example 80% allocation to funding categories would mean 20% allocation for other challenge settings.

A. 60%

B. 70%

C. 80%

D. 90%

E. 100%

If the fund 9 total budget was $32 million and the community voted for 70% total allocation then this would mean:

- $22,400,000 of funding to be spread between the 7 funding categories
- $9,600,000 Million of funding to be spread between the other challenge settings

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**Voter power**- 1 person 1 vote.**Weighted outcome**- The outcome from the vote is based on weightings and not the highest voted item. For instance if there was only a mix between 60% and 100% votes the outcome would move closer to 80%.**Rounded outcome**- The outcome will be rounded to the nearest 10% for increased simplicity. If the result value sits exactly in the middle such as 75 we will round down to 70 rather than up. Any amount above the middle number will be rounded up.

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2nd Decision - Budget weighting percentage for each category

- The categories have been created to cover all forms of ideas and innovation.
- A minimum percentage of 4% is applied to each category so to ensure every category has some funding.
- There are 7 categories each with a minimum of 4% allocation meaning a minimum of 28% will be distributed between the seven categories.
- The remaining 72% is split based on the vote. The maximum allocation a category could receive is therefore 76%.

**Community & Outreach****Products & Integrations****Governance & Identity****Catalyst Contributors****Development & Node Operation****Cardano Contributors****Nurturing Ideas & Teams**

If the total funding allocation was $22,400,000, as per this first decision example, then if we apply following percentage examples to each category it would yield the following result:

Category

Percentage

Category Budget Allocated

Community & Outreach

15

$3,360,000

Products & Integrations

20

$4,480,000

Governance & Identity

20

$4,480,000

Catalyst Contributors

7

$1,568,000

Development & Node Operation

25

$5,600,000

Cardano Contributors

6

$1,344,000

Nurturing Ideas & Teams

7

$1,568,000

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**Voter power**- 1 person 1 vote.**Weighted outcome**- The outcome from the vote is based on weightings. The values will be aggregated from every vote to work out the final values for each category.**Rounded outcome**- The final values will be rounded to the nearest whole number. For example, 24.64 would be rounded to a 25% allocation. The total weightings together will equal 100%.

Last modified 5mo ago

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Outline

Overview

Voting decisions

1st Decision - Total category budget allocation

2nd Decision - Budget weighting percentage for each category