EasyFi Announces Multi-Million Developer’s Fund and Grants Program
The leading layer-2 DeFi lending protocol, EasyFi Network has launched its #BuildWithEasyFi initiative to encourage the developer community to leverage various benefits offered by the EasyFi ecosystem. As a part of the i...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The leading layer-2 DeFi lending protocol, EasyFi Network has launched its #BuildWithEasyFi initiative to encourage the developer community to leverage various benefits offered by the EasyFi ecosystem. As a part of the initiative, EasyFi has announced a Developer’s Fund and Grants program where promising projects and individuals can gain access to the capital necessary to build their products, in turn contributing to the growth of the EasyFi Network.
According to the company, the Developer’s Fund has been in the works as part of its roadmap for the year 2021. The fund will encourage open infrastructure development, offering the developer community access to EasyFi’ s resources with the intention of accelerating the overall growth of the entire DeFi ecosystem.
Applications are now open for entry into the EasyFi Developer’s Fund and Grants program.
The Idea Behind EasyFi Developer’s Fund and GrantsEasyFi Network is on a mission to promote the underlying principles of DeFi – Composability and Decentralization. While the blockchain protocols offer adequate levels of decentralization, the only way to drive composability in the ecosystem is to encourage community participation by providing adequate support. The EasyFi Developer’s Fund and Grants program acts as a lucrative support structure.
The program focuses on targeted resource allocation to ensure the worthy projects get the necessary tools and resources to develop full-fledged DeFi products. As a part of the initiative, independent projects and groups will be able to collaborate with the EasyFI Network and access various features it offers, which can be readily implemented. To further the applications of EasyFi Network alongside the development of the DeFi ecosystem, EasyFi has shortlisted a set of focus areas for the Developer’s Fund and Grants program.
These areas of focus include a mobile-first approach for staking, farming, and lending involving EasyFi pools; automation solutions; dashboards and analytics for EasyFi lending, liquidation etc; use cases for the EasyFi’ s native EZ tokens; cross-chain bridges and infrastructure; third party interfaces for accessing EasyFi lending, staking, and farming pools; and native cross-chain dApps leveraging EasyFi lending pools.
“With a vision that leads us to become a DAO eventually, the overarching theme of the protocol has always remained focussed on building open lending infrastructures. We believe that a collaborative approach with a community of believers, will drive the growth & direction of the network. We are very excited to get involved with some very talented people who are planning to work on & integrate the EasyFi lending to create products and applications that extend & grow the protocol.”
— Ankitt Gaur, Founder and CEO of EasyFi Network
Apply for the EasyFi Network Developer’s FundWith applications open for the program, interested individuals, teams and projects can submit their entry by filling a simple form. They will have to give details about their project, teams along with their contact info, GitHub link for the project and more. Once the application is submitted, the EasyFi team will review them and shortlist the entries that meet the required criteria. They will communicate with the selected applicants detailing further steps.
Apply here: https://forms.gle/Q4Ueoait3ZvMujrD8
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on NewsBTCRelated market context
Frax CEO says businesses will drive next wave of stablecoin adoption as firm tests lending product
Frax CEO Sam Kazemian outlines plans for receivables financing, business payments and stablecoin lending through FraxNet. The post...
Morpho Midnight crosses $100 million in deposits as fixed-rate DeFi lending finds takers
Morpho Midnight's growth highlights the increasing demand for fixed-rate DeFi lending, potentially reshaping traditional finance d...
JPMorgan Expands Tokenized Money Market Funds To Solana
TL;DR: J.P. Morgan Asset Management says qualified U.S. investors can now access MONY and JLTXX tokenized money market funds on So...
Solayer Pay Adds Five Blockchain Networks For Direct Stablecoin Card Deposits
TL;DR: Solayer Pay says its card app now accepts supported stablecoin deposits from Solana, Ethereum, Arbitrum, BNB Chain and Base...
Franklin Templeton adds $150 million in fund shares to XRP Ledger, all in one wallet
Two subscriptions on Thursday nearly quadrupled the fund’s tokens on the network. The receiving wallet shares its authorized signe...
Swiss Regulator Approves First Domestic Spot Bitcoin ETF Under Fund Law
TL;DR: Switzerland’s FINMA has authorized a Bitcoin ETF structured as a Swiss-law public investment fund; the approval differs fro...