Blockchain

Story: IOST with 1 million USD grants for DeFis that launch on or Migrate to its Blockchain

By Ayobami Abiola

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Eligibility 

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Frequent Checks

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Cryptocurrency celebrates DeFis over Centralized Banking 

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IOST, on the 10th of August, announced its plan to plant a garden of flowers of a million scent to attract bees of innovative DeFi D'apps.

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The Defi species that are eligible for the funding are Oracle systems, Decentralized exchanges, Cross-chain transactions, Lending, Financial derivatives, and Stable coins with a…

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IOST blockchain is set to provide a loving welcome of supports via its IOST Worryfree program to existing projects that are ready to migrate their applications.

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Because the fees on Ethereum blockchain has recently skyrocketed due to congestion because of the increasing number of Defis and other D'app that are resident on it, the true…

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According to the release, IOST will continually evaluate DeFis on its blockchain on a quarterly basis to keep the bars reasonably high to ensure quality, and distribute rewards:

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“A comprehensive evaluation of all IOST Ecosystem DeFi projects shall be conducted on a quarterly basis for subsequent corresponding ratings and rewards issuance according to the…

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The applications are already open on 10th of August for innovative Defis and their teams. 

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The Cryptocurrency ecosystem continues to celebrate its great advantages over the centralized banking system with a knockout of the current trend- Decentralized Finance (DeFi).

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