'With a budget of over $10M, the program offers incentives to attract and retain top talent, promote growth, and foster a strong sense of community,' developers wrote.
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 and USD Coin . 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 for supported projects, bridge assets and transact regularly. The launch of Fuse Ignite also coincides with the upcoming deployment of a launchpad on Voltage Finance that aims to be the preferred solution for new tokens looking to join the Fuse ecosystem.
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