The short answer
A creator fund is a program where a platform pays creators directly from a set pool of money, typically based on some combination of views, engagement, or content meeting specific eligibility criteria. It is distinct from ad-revenue-sharing models, where a creator earns a cut of the advertising revenue their content generates.
Why this is usually treated as a supplement, not a primary income source
Creator fund payouts have historically been modest and inconsistent relative to the views required to earn them, and platforms have changed fund terms, eligibility, and payout structures with little notice. A creator relying on a single fund as a primary income source is exposed to changes entirely outside their control. That is the single-point-of-failure risk that argues for diversifying income across several sources.
Eligibility and terms are worth checking directly, not assumed
Specific eligibility requirements, payout rates, and program availability vary by platform and region, and they change over time. Check a program's current official terms before counting on it rather than relying on outdated information. These programs have shifted often.