• The Stellar Foundation announced a $10 million awards program through its Stellar Community Fund (SCF) focused on the Soroban smart contracts platform.
• This fund will unlock new opportunities for businesses and developers interested in building DeFi protocols, first-wave tools, dApps, and educational resources.
• The SCF has helped the launch and growth of more than 4000 Stellar-based projects over the last five years.
Stellar Community Fund Launches $10M Awards Program
The Stellar Development Foundation (SDF) has announced a $10 million awards program through its Stellar Community Fund (SCF), focused entirely on the Soroban smart contracts platform. Starting next week on February 13th, the SCF will support developers to experiment with Soroban.
Unlock Opportunities For Businesses And Developers
The funding from this program will unlock new opportunities for businesses and developers interested in building DeFi protocols, first-wave tools, dApps, and educational resources focused on Soroban. Justin Rice, VP of Ecosystem at SDF said: We want to motivate developers to experiment with Soroban, and to join in the bootstrapping of a greenfield ecosystem. Soroban presents a wealth of opportunity for builders and we’re eager to see what people come up with, and to get their feedback as we continue to refine the platform in preparation for Mainnet launch.
Who Can Apply?
The SCF is open to a wide range of applicants including individual developers, startups, long-lived companies as well as community coordinators and educators.
Previous Success Of SCF
Over the last five years, the SCF has helped the launch and growth of more than 4000 Stellar-based projects. It has further expanded its funding capabilities by creating a $100 million Soroban Adoption Fund which will help developers build projects based on this platform.
The new funding from SCF will help push developers towards building innovative projects using Soroban’s capabilities. With access to financial rails and scale provided by this platform along with dedicated funds from SDF it becomes easier for businesses and individuals alike to leverage blockchain technology for their own use cases.