Fuse blockchain pledges $10M for ecosystem development
Grants valuing between $5,000 and $25,000 will be allocated to qualifying project teams. On May 3, layer-1 Blockchain Fuse announced that it would pledge $10 million to "reinvigorate the Fuse ecosystem and drive growth in multiple areas." The program, dubbed "Fuse Ignite," is structured between liquid incentives and grants. As told by developers: "Teams can apply for grants of between $5,000 and $25,000, depending on the focus of their project or service. DeFi projects can apply for incentives designed to boost liquidity and general user activity when deploying on Fuse Network." Upon application approval, Fuse Ignite operator grants are issued in Fuse Tokens (FUSE) and USD Coin (USDC). Operators use the Fuse Network Blockchain and other tools to power payment services. Parts of the $10 million budget are also allocated for adoption incentives and community airdrops. To participate, users must hold and stake a minimum balance of Fuse, provide liquidity...