💲How to fund projects?
If you want to fund research projects via Catalyst, you can do so by contributing ETH to projects.
Step 1 - Discover a Project
Set Up or Connect a Wallet:
Make sure you have a compatible cryptocurrency wallet set up and funded with Base ETH. Recommended wallets include MetaMask, Coinbase Wallet, and Rainbow Wallet, among others that support ERC-20 tokens. Catalyst also supports embedded wallets via social login, such as email.
Connect your wallet to the Catalyst platform using the provided connect button. Ensure you are on the correct network, Base Network.
Review Projects:
Browse the available projects on Catalyst.
Select a project you are interested in and review the project details, including information about the lead researcher, funding goals, research impact, go-to-market strategy and more.
Step 2 - Contribute Base ETH
Contribute to a Project:
On the project page, enter the amount of Base ETH you wish to contribute.
Confirm the transaction in your wallet and wait for it to be processed.
Step 3 - Receive IPTs
Post-Funding Process: Once the funding goal of the selected project is reached, the negotiation phase begins. This phase can last a maximum of 12 weeks. During the negotiation phase, funds are locked in the project's wallet. After the negotiation is completed, the IP-NFT will be minted and one million IPTs will be issued.
Receive Tokens:
You'll receive IPTs that correspond to the ETH amount you contributed.
These tokens will be sent to your wallet and can be managed or traded.
Refund Policy: If the project does not reach its funding goal before the deadline, you’ll get a full refund of your contributed ETH.
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