Launching with a substantial commitment of over $10 million in funding, the Fuse Ignite program emerges as a catalyst for innovation and growth within the expansive Fuse ecosystem during the upcoming innovation cycle. This comprehensive initiative revolves around two primary pillars: liquidity incentives and developer grants.
The unveiling of Fuse Ignite seamlessly coincides with the imminent deployment of a launchpad on Voltage Finance, set to become the premier destination for nascent tokens seeking integration into the Fuse ecosystem. Within this platform, users will actively engage in ecosystem expansion by staking their VOLT tokens and participating in various stages of token launches.
The overarching objective at the heart of Fuse's mission is to liberate businesses from the constraints of outdated, pre-internet technology. The company pursues this vision by strategically investing in teams and projects that align seamlessly with Fuse's mission. These are projects and technologies that resonate with the community, addressing fundamental necessities or enhancing economic value within the ecosystem.
Under the Fuse Ignite banner, two distinct funding programs take center stage. First, there's an on-chain DeFi incentives fund, generously endowed with $10 million, aimed at bolstering Total Value Locked (TVL), expanding the community of token holders on bridged chains, and increasing staking participation on Fuse, alongside active validator numbers.
The second facet is a grant fund amounting to $2.5 million, perfectly timed with the deployment of the Fuse launchpad. This program is poised to provide grants of approximately $25,000 to around ten projects in the latter half of 2023, placing a strong emphasis on real-world applications.
In essence, the Fuse Ignite program accommodates two distinct categories of innovators: those endeavoring to build DeFi and Web3 payment solutions and companies keen on utilizing their software to establish a SaaS business model within the Fuse ecosystem, effectively becoming the decentralized intermediary facilitating business operations.
For DeFi projects, the liquidity program extends on-chain incentives, breathing life into the project's expansion and development. Conversely, the grants program seeks to empower innovative real-world projects harnessing the potential of Web3 payments for widespread business adoption.
The application process for securing a Fuse Ignite Grant is a meticulous journey. Applicants begin by completing the application form on the grants website. Following this submission, the Fuse team undertakes a thorough review and may reach out for further clarification. Successful applicants receive DeFi liquidity incentives in Fuse Tokens and Operator grants in both Fuse Tokens and USDC, aligning with their project's specific needs.
1. Evaluation: All submissions undergo careful scrutiny by the Fuse team, with acknowledgment that smaller grant applications may not receive immediate responses during the evaluation process.
2. Decision: Anticipate a final decision within two weeks after submitting your application, unless the Fuse team contacts you for additional information.
3. Activation: Once approved, it's time to sign and secure funding – let the collaborative work commence.
4. Completion: Ultimately, share the outcomes of your grant in a compelling report, blog post, or video.
The requirements for Fuse grants are open and inclusive, welcoming contributors from diverse backgrounds and experiences, provided they align with the project's guidelines. To be considered for a grant, ensure your project proposal adheres to the following criteria:
- Contribution: Demonstrate how your proposal benefits the broader Fuse community.
- Ability to Execute: Showcase your team's skills and determination to bring the project to fruition.
- Unique Contribution: Collaboration is encouraged; foster innovation and explore uncharted territory.
- Precise Use of Funds: Clearly articulate how the funding will drive your project's goals, ensuring it aligns with the requested amount.
Project Types:
Fuse grants extend support to impactful projects that enrich the community and ecosystem. These projects encompass but are not limited to:
- Multichain & Interoperability
- Applications & Onboarding to Web3
- Web3 Infrastructure
- Open & Decentralized Finance (DeFi)
- Privacy & Identity
- Data & Oracles
- NFT & Metaverse
- GameFi
- Social Impact
Notably, grants are not earmarked for NFT marketing budgets or as substitutes for traditional VC funding. They are a commitment to propel projects that genuinely augment the Fuse ecosystem.
In conclusion, Fuse Ignite invites you to approach your application with depth and thoroughness. The evaluation process delves beyond surface-level explanations, seeking concrete plans, validation efforts, differentiation from existing solutions, and broader integration possibilities. Fuse Ignite is your gateway to realizing transformative projects within the vibrant Fuse ecosystem.
Ready to embark on this journey? Fill out the application form now: Application Form
