Distribution cycle #19, Artizen Fund & Upcoming Webinar
Hello Breadfam!
Another productive month is behind us. We've got the stats behind Bread distribution cycle #19 and some exciting updates.
BREAD Distribution Cycle #19
Cycle #19 was a success! Let's start with the grant total.
A reminder of the 7 parties that are eligible for distribution.
As always, 50% of the yield gets equally shared between all members, while the remaining 50% is split by vote. Baking & holding $BREAD grants you voting power, which can be used to choose which organisation you would like to support for the cycle. Can't decide and wish to support everyone? That's absolutely fine, we've made it possible to equally split your voting power in a single click.
We were glad to see Gardens get a little more of their democratic share than usual, hot on the heels of being featured in our first-ever Bread Members Spotlight. Which other of our member projects would you like to hear from next? Let us know on Twitter/X or Farcaster!
And here's the final breakdown. Cycle #20 is already ongoing, head over to the Solidarity Fund to participate.
Webinar: An intro to Rotating Savings & a first look at Bread Stacks
We're hosting a webinar on rotating savings circles, and using it to give attendees an exclusive first look at Bread Stacks, our upcoming product. It's a continuation of our "Beyond The Bank" series, and showcases how communities collectively met needs before banking & loans were widespread.
Stacks is a modern reimagining of rotating savings circles, sometimes called ROSCAs. A group pools money together, and each member takes a turn receiving the full pot. Members each access lump sums without the need for loans or lines of credit. Bread Stacks brings that principle onchain.
And speaking of Bread Stacks, we have a fund live on Artizen right now. You can check out Bread Stacks on Artizen, Season 6 by following the link.
Artizen is running a funding round, offering to match contributions up to $20,000. Every $10 you put in is matched with another $10 from Artizen, plus $1 in prizes. In practice, your $10 becomes $21 in real support for Bread Stacks.
If you've been looking for a low-effort way to support what we're building, this is it.
This is larger stage for Bread Cooperative to apply what we've been building. And it's amazing to do so alongside people doing serious work in this space. We're proud of them both.
That's all for this round of Bread Updates. Stay tuned for the webinar link, coming shortly.