DIA Labs offers grants up to $250,000 to enhance the DeFi ecosystem

DIA will distribute grants worth up to $250,000 to accelerate the expansion of the DeFi ecosystem under the DIA Labs program.

By · Oct 27, 2020 . 5min read

DIA Labs offers grants latest news

Decentralized oracle platform DIA will start distributing grants worth up to $250,000 to stimulate the expansion of the DeFi ecosystem. The grants will be awarded under the DIA Labs program. It has come into existence by DIA to stimulate the growth of proprietary and open-source building blocks for DeFi. The grants will assist projects with a variety of resources. Additionally, it includes financial support of up to $250,000 per project, initiations to DIA’s ecosystem network for business development and awareness. Moreover, it also incorporates hands-on operational assistance.

Accelerated DeFi ecosystem growth

This year, the DeFi ecosystem has undergone rapid growth with a diverse range of products and projects. Additionally, it provides people with a range of options to engage with decentralized finance. This includes lending protocols, modules to enhance inter-protocol and platform compatibility, and the expansion of transparent data provision. It also incorporates solutions that improve effectiveness in data sourcing, delivery and innovative applications that depend on transparent, scalable supplies.

DIA Labs concentrates both on projects producing proprietary products and solutions as well as construction blocks that will be accessible free and open-source to promote a cooperative environment for the advantage of the entire space. DIA stated that anyone could apply to the program. Moreover, it ranges from early-stage startups, individual builders, and scale-ups to industry associations or academic institutions.

Projects accepted by DIA Labs will receive assistance from DeFi and Crypto experts.

The Decentralized oracle platform states that projects receiving grants by DIA Labs would receive assistance by a range of DeFi and crypto veterans. The DeFi and crypto experts include Eric Wang, Ecosystem Development Lead at Parity Technologies, Tamar Menteshashvili, Strategy and Corporate Development at Binance, Simon Dedic, Founder of the crypto VC Moonrock Capital and the digital asset research firm Blockfyre, and Charlotte Kapoor, Head of Strategic Partnerships at Outlier Ventures. The applications for the program are officially open. Moreover, one can access the DIA Labs’ homepage for applying and further information.

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