Funding A Vaulted Round
Vaulted rounds in GrantPicks are funding rounds where the allocated funds are held directly in a smart contract.
Last updated
Was this helpful?
Vaulted rounds in GrantPicks are funding rounds where the allocated funds are held directly in a smart contract.
Last updated
Was this helpful?
A vaulted round is a funding round where:
The allocated funds are held in a smart contract (vault)
Additional contributions can be made by users
Payouts are automatically triggered from the vault to approved projects
Connect Your Wallet: Ensure your Stellar wallet is connected to GrantPicks.
Navigate to the Round: Find the vaulted round you wish to fund in the "Explore Rounds" section.
Select "Fund Round": Look for a button or option to fund the round.
Enter Amount: Specify the amount of XLM you wish to contribute.
Note: Initially, only XLM contributions are supported.
Confirm Transaction: Review the details and confirm the transaction in your wallet.
Transaction Completion: Wait for the blockchain to process your transaction. You'll see a confirmation once it's complete.
Minimum Contribution: There may be a minimum contribution amount set for each round.
Contribution Limits: Some rounds might have maximum contribution limits.
Refunds: Typically, contributions to vaulted rounds are final and non-refundable.
Transparency: Your contribution will be visible on the blockchain and may be displayed on the round's page.
Your funds are added to the total pool for the round.
The additional funding increases the potential grant amounts for projects.
Funds are distributed to approved projects based on the voting results at the end of the round.
Directly support causes and areas you're passionate about.
Increase the impact of a funding round without needing to manage it.
Participate in the GrantPicks ecosystem beyond voting.
By funding vaulted rounds, you play a crucial role in expanding the resources available for innovative projects in the Stellar ecosystem. Your contributions help foster growth and development in areas you believe are important.Remember, always conduct due diligence on the round and its objectives before contributing funds.
