The Foundation has announced its plan to allocate $15 million annually in community grants to support DeFi (Decentralized Finance) projects. This move aims to significantly boost the development and adoption of decentralized finance applications and technologies.
By offering these community grants, the Foundation intends to fuel innovation and growth in the DeFi space, emphasizing the importance of collaboration and community involvement. The grants will serve as financial support for developers, entrepreneurs, and organizations working on groundbreaking DeFi solutions.
With this substantial funding, DeFi projects will have the opportunity to explore new ideas, enhance their existing products, and contribute to the evolution of decentralized finance. The Foundation believes that by encouraging and supporting the DeFi community, it can harness the potential of blockchain technology to revolutionize traditional financial systems.
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