Core DAO launched several grant initiatives earlier this year, intended to incentivize development. In less than six months, these programs have distributed over $725,000 in funds to over 30 projects. The rapid growth of the Core ecosystem can be attributed to a number of things, including passionate community members who actively participate, and the talented teams that build on Core.
Among these projects, there have been 25 S-Prize recipients who secured nearly $120,000 to build in one of four strategic areas: Dex, Lend/Borrow, Derivatives, DeFi, and Gaming. In addition to the S-Prize program, a number of grants were allocated to builders in the Core ecosystem as well as to external partners. Projects funded and launched as a result of these initiatives include Ice Cream Swap, Omniverse, and Polyhedra. Lending platform Aquarius, which also received a grant, is no longer in a position to receive the funds following a recent incident that put their users’ funds at risk.
Remember to DYOR
As the Core ecosystem continues to scale, it’s a top priority to support new protocols and applications, whether they’re moving from other blockchains or building from scratch. Given the permissionless nature of blockchain, anyone can build, so it’s always essential for the community to use their best judgment when evaluating projects — especially if assets are at stake.