Fantom Launches On-Chain Fund Ecosystem Vault

Fantom launches the Ecosystem Vault to support ecosystem projects. The Ecosystem Vault is an on-chain fund financed by 10% of the transaction fees on Fantom and controlled by the community. The initiative was made possible by decreasing the burn rate of $FTM and redirecting the resulting 10% to the Vault.

The fund will decide whether to fund the project through a governance vote that requires a 55% or higher affirmative vote of the FTM stakers in attendance.