Dash Launches Ecosystem Fund to Boost Adoption

Dash has introduced a new fund named the 'Dash Ecosystem Fund' (DEF) to facilitate the adoption of its ecosystem. According to Foresight News, the fund is managed by long-term community members from major DAO-funded organizations such as Dash Core Group, Dash Growth, DIF, and CrowdNode. The fund's sources include community donations, DApp revenues, treasury surpluses, and external grants. Smaller allocations are decided internally by management members, while larger amounts require DAO voting. DEF is designed to complement the existing funding system, operating alongside Dash's decentralized treasury mechanism, which has been distributing 20% of block rewards through masternode voting since 2015, and the Dash Investment Foundation (DIF), which handles investments. Dash has provided donation addresses on the Dash, Ethereum, and Bitcoin blockchains for external contributors to support DEF.