1. Summary
We are seeking the approval of the Governance Council to utilize the funds allocated from KCF budgets, which have been previously approved under KGP-10, KGP-12, and KGP-16, for making payments in November using KLAY. These payments are intended to bolster service development, improve infrastructure, attract developers, and enhance liquidity in alignment with the objectives of the Klaytn Community Fund.
Specifically, a total of five projects will be funded, with one project receiving a fixed amount of KLAY and the remaining four projects receiving a variable amount of KLAY. The precise expenditure of KLAY will be transparently disclosed in quarterly reports.
Klaytn Foundation will facilitate voting on each of the five agenda items, allowing the Governance Council to voice opinions and preferences on each individual item.
2. KCF payment details
3. Voting Process
After the governance proposal forum posting, each agenda item on this proposal will be moved to Klaytn Square for on-chain voting.