Osmosis Launches Grants Program to Support Growth of DeFi Ecosystem Around the DEX

Automated Market-Making (AMM) protocol Osmosis has launched a grants program to fund projects that grow the DEX – ranging from DeFi or gaming apps that leverage Osmosis’ deep liquidity to improved tooling, infrastructure and more.

Through governance, the Osmosis DAO allocated 1.5M OSMO tokens to the Osmosis Grants Program with a budget thereafter of 750,000 OSMO per quarter. The objective of the program manager Reverie is to invest $1M a month to accelerate the growth of the DEX by funding and supporting individuals and teams that are interested in building on Osmosis. Categories the program has outlined for potential grants include apps, analytics, tooling, infrastructure, governance and education, but the grants program manager welcomes all beneficial ideas. Contributors can apply for funding between $5,000-$500,000, streamlining funding for initiatives otherwise too small for on-chain governance proposals.

“Our community has made Osmosis the leading DEX of the Cosmos ecosystem. By investing in our greatest asset, the Osmosis network, and interchain DeFi broadly, will grow even faster,” said Sunny Aggarwal, Co-Founder of Osmosis Labs.

Builders interested in creating value for Osmosis and its larger ecosystem can visit Grants.Osmosis.Zone to learn more about the program and apply for a grant. Reverie aims to provide applicants responses in one to two weeks and will dedicate a Program Lead to each project.