MsgCommunityPoolSpend messages. When it passes, the amount moves to the recipient in the same block as the tally.
How the pool is funded
The pool receives 2 percent of every block’s rewards (inflation and fees) before validators and delegators are paid. Tokenfactory denom creation fees (10 ATOM each) go there too.community_tax: "0.020000000000000000". The rate is a parameter. Proposal 996 set it back to 2 percent after an earlier change, through /cosmos.distribution.v1beta1.MsgUpdateParams.
How much it holds
ibc/... lines are tokens sent to the pool by other chains or by fund-community-pool transactions. Explorers show the same balance in ATOM.
What the community funds
There is no fixed policy. The pool funds what voters pass. The pattern from passed and rejected proposals: work that benefits the Hub directly, priced in ATOM with a stated conversion basis, paid in stages where the work is long, to a multisig when more than one person is responsible. Recurring concerns in the debate are retroactive grants, price negotiation, disbursal in stages or pegged to a fiat value, and whether large one-off transfers belong in a spend proposal at all. Proposal 1056 (a 1,721,120 ATOM refund request) was rejected with 91.5 million ATOM in NoWithVeto and lost its deposit. That is the outcome a request without community support gets. Funding is fast once it passes: the transfer happens at the end of the 7 day vote with no further step. The pool is an alternative to foundation grants. A proposer can pursue both, withdrawing one if the other succeeds.Proposal JSON
Thegaiad tx gov draft-proposal command with the community-pool-spend type asks for the recipient and amount, then writes:
amount is in uatom (1,000 ATOM above). The recipient is usually a multisig. Create it with gaiad keys add <name> --multisig ... --multisig-threshold N on the recipient side. Verify the address with gaiad keys parse before it goes in the JSON. The recipient need not sign anything. The authority must be the gov module account, which gaiad q auth module-account gov returns.
Submit with:
Verify
Before the vote, confirm the message:PROPOSAL_STATUS_FAILED. Nothing moved.
Next
- Submitting a proposal for the forum draft and deposit.
- Delegator CLI guide to set up the receiving multisig.