Poolz Obtains $1M Grant from Harmony to Boost Growth of Emerging DeFi Startups

Funding Proposals Grants
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Poolz Finance

Harmony is a third-generation blockchain network built for interoperability, scalability and speed. With full EVM compatibility and a natively-integrated bridge, Harmony is the perfect environment to launch Solidity-based dApps for regular users who cannot pay the exorbitant fees on Ethereum mainnet.

Harmony’s finality speed and sub-cent fees complement its cross-chain integration, which means that projects can choose Harmony while maintaining a connection with the established liquidity on Ethereum, Binance Smart Chain and other EVM-based blockchains. Poolz aims to use this to accelerate the growth of its incubated projects.

The $1 million grant received by Harmony will be distributed to 20 of Poolz’s most promising projects, each receiving $50K in funding. The money will help finance the small integration work required to adapt existing projects to Harmony, offering an additional deployment for free. This also sets the projects up for a successful IDO on the Poolz Finance platform.

All projects that follow the existing Harmony grant guidelines are eligible for the distribution. The collaboration between Poolz and Harmony will continue, with new integrations set to be announced soon.

“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,” said Guy Oren, CEO of Poolz. “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.”

Liam Cohen, Co Founder & CMO at Poolz, said: “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.”

In order to apply for the grant fill the form: Poolz & Harmony Grant Application

https://www.bloomberg.com/press-releases/2022-01-27/poolz-obtains-1m-grant-from-harmony-to-boost-growth-of-emerging-defi-startups

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This grant will be distributed across 20 promising projects, each receiving $50K in funding. The projects need to follow the guidelines in Harmony’s ecosystem fund in the “Launch” category and write their proposal in the Harmony forum.

Applications of each launch must have prototyped a feature-full product. Harmony helps incubate these founding teams with product development, fundraising, and talent recruit. We recommend a $50K equity-free contribution each:

  • $10K after launching a feature-complete product on our testnet
  • $10K after forming a DAO with 5-out-of-9 multisig with our DAOs
  • $10K after launching on our mainnet with audit
  • $10K after 1K daily active users (with launch video, full PR promotion)
  • $10K after 10k daily active users (with a detailed roadmap, governance process)
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