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Osmosis Grants Program Awards $150,000 in Funding to New Ecosystem Innovations

by BlockNews Team
September 1, 2023
in BUSINESS, CRYPTO, FINANCE
Reading Time: 2 mins read
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The Osmosis Grant Program (OGP) has approved Batch 16 Grants totaling $105,000 in funding. The batch comprises three projects (one tooling and two infrastructure), each contributing to improved platform performance and user engagement: Newmetric, Interactive DApp Passthrough, and Managed Supercharged Liquidity Vaults.

We're excited to announce a new batch of @osmosiszone grants with the approval of Batch 16!

In this batch we have three grants for a total of $105k in funding: https://t.co/ETm7tYDL9s

More info on each grant in the thread below 🧵

— Osmosis Grants Program (OGP) (@OsmosisGrants) August 31, 2023
Via @OsmosisGrants – X

Newmetric

Newmetric has been granted $60,000 in OSMO token funding. This initiative involves constructing high-performance Remote Procedure Calls (RPCs) for the Cosmos network to enable distributed and interchain protocols to execute in different locations simultaneously.

Interactive DApp Passthrough

Noah Sasu has been awarded a $20,000 USDC grant to introduce iframe passthrough functionality into the Cosmos Kit, streamlining the user experience in the Osmosis App Store by eliminating the need for constant wallet reconnections.

Supercharged Liquidity Vaults

Lastly, DeFine Logic Labs, a DeFi yield strategy firm, has been granted $25,000 in USDC to collaborate with to develop and manage vault strategies for Osmosis’ supercharged liquidity pools. These strategies will optimize yield for liquidity providers.

Conclusion

Through Batch 16 Grants, Osmosis continues to prove its dedication to pushing boundaries, cultivating smoother performance, enhancing user interactions, and advancing financial strategies.

Tags: Osmosis Grants Program
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