SCF #20 Recap

The Stellar Community Fund (SCF) is an open-application awards program that draws on community input to support developers and startups building on Stellar and Soroban.

In the SCF’s 20th award round, we introduced a new voting mechanism called Neural Quorum Governance, which works as a signaling mechanism and allows voters to delegate their weighted votes to a group (or quorum) of other individuals. We’ll share more in-depth reports about the voting outcome at a later time.

Congratulations to all submitters on your hard work. We received a whopping 90 Activation and Community Award submissions, 60 of which submitted for their first ever SCF awards! This is the second highest number of submissions we’ve received in a round in 2023 (the highest was SCF#13, the first open-application round of the year).

We awarded $1,160,250 worth of XLM to 31 submitters in total for SCF #20.

Scroll down for a list of all projects; but first, let’s get to know our class of SCF #20!

• 85% of projects are building on Soroban.
• Projects represent 16 different project types, from end-user applications to oracles to educational tools — the Stellar/Soroban developer community can truly do it all.
• SCF #20 is global! Submitters hail from almost 40 different countries on 5 continents.
• Regions of operations represented include (but are not limited to) Latin America and the Caribbean, South Asia, and East Asia and the Pacific. Roughly 57% of submissions are regionally agnostic, reaching users across the globe.

Click on the project name to view their successful submission! Please note that in order to view the SCF Dashboard, you need to be logged in. If you do not yet have an account, feel free to create one or sign in with Discord.

Activation Awards

Awarded a total of $579,130 worth of XLM* to 24 projects
Projects new to SCF can request an Activation Award up to $50,000 worth of XLM* for ~1–1.5 month project. The Activation Award is intended to support the completion of the Project’s MVP of their Stellar/Soroban integration and serves as an opportunity for the recipient(s) to demonstrate commitment to the overall Project. Learn more in the SCF Handbook.

Sorscan: $33,500 worth of XLM*
Sorscan’s Network Explorer is a real-time data access tool, echoing the success of Etherscan on Ethereum, tailored to the unique features of the Soroban Network.

StellarGPT: $25,000 worth of XLM*
StellarGPT represents a cutting-edge, multilingual search tool designed specifically for the vast Stellar ecosystem.

RWA Tokenization on Stellar: $50,000 worth of XLM*
Amber aims to launch a protocol to tokenize real world assets on Stellar network.

Skopa: $37,840 worth of XLM*
Skopa is an inclusive digital wallet that seeks to democratize remittances in the Americas by connecting the different currencies in a single instant app in 3 clicks and the most convenient rates on the market and backed by blockchain technology.

@soroban-react and Boilerplate: $25,000 worth of XLM*
The Soroban dApp Boilerplate is a comprehensive open-source full-stack DApp solution tailored for Soroban contracts.

Allbridge Core: $50,000 worth of XLM*
Allbridge Core enables users to seamlessly access the Stellar ecosystem through native stablecoin swaps.

AnChain.AI Web3SOC: $50,000 worth of XLM*
Web3SOC is a security operations center (SOC) designed to safeguard digital assets and smart contract-based applications.

DeRisk — Monitoring DeFi risks: $50,000 worth of XLM*
Web3SOC is a security operations center (SOC) designed to safeguard digital assets and smart contract-based applications.

DIA Oracles on Soroban: $38,000 worth of XLM*
Elevate functionality and innovation across Soroban’s smart contract ecosystem with DIA’s robust, open-source cross-chain oracles.

Formal VerSo: $50,000 worth of XLM*
A semi-automated tool for Formal Verification of Soroban contracts using the Software Analysis Workbench.

Ionize: Stellar Asset Bridge: $30,000 worth of XLM*
Ionize Bridge is a cross-chain solution focused on complementing, connecting, and enhancing the global blockchain ecosystem with a core focus on Stellar.

KMAC State Machine Template: $7,500 worth of XLM*
The KMAC project is a program constructed with the soroban-sdk, which facilitates the implementation of a Finite State Machine template, leveraging well-established design patterns and offering extensible functional capabilities.

Satellite + We Work Out: $24,960 worth of XLM*
Satellite is a platform that integrates third party app data into Soroban, acting as the gateway between software oracles and smart contracts.

Scout — Soroban Smart Contract: $50,000 worth of XLM*
Scout is a static analyzer that assists smart contract developers in detecting security issues and deviations from best practices.

Solidity Contracts on Soroban: $15,000 worth of XLM*
This project will allow writing Soroban contracts with Solidity by integrating Soroban as a compilation target for Solang.

Stroopy.AI: $21,370 worth of XLM*
Stroopy.ai is a helpful Stellar guide that includes a chatbot with social media integrations designed to help users navigate across the Stellar ecosystem with ease, 24/7.

Borderless: $43,000 worth of XLM*
Borderless is on a mission to allow local banks and wallets in remittance-receiving countries to onboard customers overseas.

Aura | A Stellar EURC on-ramp: $36,300 worth of XLM*
Aura Pay is a licensed Payments Institution registered in the Bank of Spain as a remittance company, which serves migrants sending money back from Spain to the Dominican Republic and Colombia.

KwickBit: Compliance made easy: $39,000 worth of XLM*
KwickBit is a crypto accounting software tailored specifically for accountants and bookkeepers.

Sorosan: $29,000 worth of XLM*
Sorosan is revolutionizing Stellar by simplifying smart contracts with a user-friendly Dapp & SDK, making Web3 accessible to all.

Walletban: $20,000 worth of XLM*
Walletban is an effortless, walletless onboarding solution for devs, allowing you to deploy SACs, and interact with chain via REST!

Bank2Bit: $48,000 worth of XLM*
Developing a user-friendly fiat-to-crypto platform for seamless converting between LATAM fiat and stellar listed assets.

SorobanMath: $40,000 worth of XLM*
Fixed-Point Math Library for Soroban smart contracts with advanced math and high precision

DEXTools Soroban Integration: $40,000** worth of XLM*
Provide real time pricing data, charts, price alerts and other valuable information to traders of all Soroban pools.

Community Awards

Awarded a total of $524,390 worth of XLM* to 7 projects
If the Activation Award is granted and the deliverables of the Activation Award submission are completed, the Activation Award recipient(s) can then request a Community Award (up to $100,000 worth of XLM* for 2–3 months project). Projects are able to request additional Community Awards according to the resubmission guidelines.

SorobanPulse v2: $97,500 worth of XLM*
SorobanPulse showcases Soroban’s true potential through data and metrics from real world problem-solving dApps!

CommuniDAO — A NFT Member DAO: $75,600 worth of XLM*
Revolutionizing DAO’s by prioritizing reputation over wealth, with an integrations SDK, Soroban Contracts, and user friendly UI.

Okashi — Production Release: $100,000 worth of XLM*
Okashi is almost ready to deliver the best developer onboarding experience in blockchain with our unique Soroban playground.

Reflector | Expansion: $96,000 worth of XLM*
Decentralized price feed oracle for Stellar DeFi smart contracts to support derivatives, lending/borrowing, asset management.

Stellar Explorer: $19,600 worth of XLM*
A ledger explorer for the Stellar network, optimized for Soroban / latest protocol support and stack upgrade.

Emigro Launch: $33,920 worth of XLM*
Emigro is the stablecoin-based, card-less digital payments wallet for digital nomads, long-term travelers and expats in LatAm.

Phoenix Hub v2: $100,000 worth of XLM*
Phoenix’s AMM enables decentralized swaps of crypto assets and is the first of a full suite of synergistic DeFi protocols.

A big congratulations to these standout projects! Your creativity and innovation have truly made an impression, and we’re eager to see the positive impact you’ll bring to the Stellar ecosystem. Stay tuned for details on how we will be working together to support and nurture your ideas.

The next SCF deadline is January 14th, 2024, for SCF #23. If you’re interested in submitting, take a look at the guidelines and submit your project before the deadline.

*The USD valuation of the Award in XLM is calculated using the CF Stellar Lumens-Dollar Settlement Price on the day of payment as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker XLMUSD_RR) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR).

SCF #20 Recap was originally published in Stellar Community on Medium, where people are continuing the conversation by highlighting and responding to this story.