According to ME News, on May 27 (UTC+8), the privacy coin Dash launched a new fund called the Dash Ecosystem Fund (DEF), designed to receive and allocate funding to drive real-world adoption of the Dash ecosystem. The fund is jointly managed by long-standing community members from key DAO-funded organizations including Dash Core Group, Dash Growth, DIF, and CrowdNode. Funding sources are open and include community donations, DApp revenues, remaining treasury funds, and external grants. Small allocations are decided internally by managing members, while larger amounts require approval via DAO vote. The DEF is established as a complement to Dash’s existing funding structure, operating in parallel with Dash’s decentralized treasury mechanism—active since 2015, which allocates 20% of block rewards monthly via masternode voting—and the Dash Investment Fund (DIF), which handles investments. Dash has now published donation addresses on the Dash, Ethereum, and Bitcoin blockchains to enable external participants to contribute to the DEF. (Source: Foresight News)
Dash Launches Ecosystem Fund to Support Application Development
KuCoinFlashShare
Summary
Dash has launched the Dash Ecosystem Fund (DEF) to accelerate ecosystem growth by supporting the development of real-world applications. Managed by core community members from Dash Core Group, Dash Growth, DIF, and CrowdNode, the fund is supported by donations, DApp revenue, treasury surplus, and grants. DEF operates in tandem with Dash’s decentralized treasury and DIF. Public donation addresses are available for Dash, Ethereum, and Bitcoin. Ethereum ecosystem news highlights expanding use cases across multiple chains.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.