$1M Grant Given to DeFi Launchpad for Harmony Integration
- Poolz Finance has received a $1 million grant from Harmony Network.
- The grant will be used to help incubated start-ups to integrate with Harmony.
- The collaboration between the two companies will continue, with more projects to be announced.
Poolz Finance has received a $1 million grant from Harmony Network. This grant aims to help incubated startups integrate Harmony in their projects.
20 of Poolz’s most promising projects will each receive $50,000 in funding. However, only projects that follow the Harmony Grant Guidelines are eligible for the distribution.
Poolz CEO Guy Oren expressed their excitement in adding Harmony to their list of services.
The most successful launchpads and incubators offer dozens of services and discounts for its portfolio projects, and I’m happy to add Harmony to our list (…) Our projects will be able to tap into this grant funding to build their deployment on Harmony. As an extremely low-fee, EVM compatible platform, it’s perfect to attract more users and growth for our projects.
Meanwhile, Co-founder & CMO Liam Cohen said that they’ve been closely following Harmony Network since its inception.
We’ve been closely following the developments on the Harmony Network ever since its inception and as a highly scalable, fast, and secure network it is uniquely poised to house the next generation of DeFi protocols and dApps. Through this partnership with Harmony, we aim to closely work with the innovative projects being built on this network. We believe this mutual grant will give the projects a push in the right direction, setting them up for future success.
Harmony is a third-generation blockchain network built for speed, interoperability, and scalability. It features full EVM compatibility and a natively-integrated bridge. As a result, the network is useful in launching Solidity-based DApps that can’t pay the huge fees on Ethereum mainnet.
The blockchain network boasts speed and sub-cent fees that complement its cross-chain integration. As a result, projects can choose Harmony while still maintaining connections with established liquidities on Ethereum, Binance Smart Chain (BSC), and other EVM-based blockchains.
Poolz will use this network to accelerate the growth of its incubated projects. The grant will help finance the small integration work needed to adapt already existing projects to Harmony. Additionally, it sets projects up for a successful IDO on the Poolz Finance platform. Poolz and Harmony will continue to collaborate; moreover, new integrations are set to be announced soon.
Read more: https://coinquora.com/1m-grant-given-to-defi-launchpad-for-harmony-integration/
Text source: News – CoinQuora – Latest Cryptocurrency and Block
