Cardano opens funding engine with 2.5M ADA for projects, deadline August 20

Cardano’s Project Catalyst is back with a new funding round, and this time it’s wearing a different outfit. The “Catalyst Pilot” opened on August 6 and will close on August 20 at 06:00 UTC, offering a total pool of 2.5 million ADA split across 10 to 15 selected teams. Individual grants range from 50,000 to 200,000 ADA per project. How the money flows Teams that get selected receive 40% of their grant upfront upon onboarding. The next tranche, up to 40% of the total, is tied to hitting usage targets within three months of deploying on mainnet. The final 20% is reserved for projects that demonstrate sustained adoption beyond that initial burst. The top-performing projects can earn performance bonuses worth up to 50% of their original grant. So a team awarded 200,000 ADA could theoretically walk away with 300,000 ADA if their product gains real traction. Proposals need to include detailed product strategies and usage plans, demonstrated through a short pitch video. What Cardano wants built The pilot is targeting four specific integration themes. First, oracles. Second, stablecoins, specifically USDM and USDCx. Third, programmable tokens through CIP-0113. Fourth, on-chain identity via ...