Kraken Exchange to Offer First Grants for Open-Source Ethereum Projects

This is a first for the traditionally Bitcoin-centric exchange. The Kraken cryptocurrency exchange announced that it would match $150,000 in donations to support open-source Ethereum projects on Gitcoin.Gitcoin is a developer-funding platform relying on a hybrid model of sponsored donations and direct community support. Through its quadratic funding model, community donations are used as guidance to identify the projects that should receive the most matched funding. The quadratic formula ensures that separate contributions are weighted more than a single large donation. For example, two....

Autonomous financing project String Labs has announced a program to award grants to developers working with Ethereum. As part of the effort to seed open blockchain finance projects – permissioned ledgers need not apply – the California-based company will award an unspecified number of grants, ranging between $2,000 and $10,000. String Labs CEO Tom Ding described in interview why the project is choosing to only support open blockchains, telling CoinDesk: "Private chains can be more about optimizing time and cost for institutions, but most of the time it doesn’t benefit end users.....

The Ethereum Foundation will pass the donations on to open-source developer teams including Besu, Erigon, Geth, Nimbus and Nethermind. A group of DeFi projects and U.S. crypto exchange Kraken have donated $250,000 each to the Ethereum Foundation to support client teams working on the Ethereum (ETH) 2.0 upgrade.On Aug. 24 the Ethereum Foundation announced that the donations were made by Kraken, Compound Grants, Lido, Synthetix, The Graph and Uniswap Grants. The funds will supplement the funding provided by the foundation earlier this year, to support Ethereum execution layer teams.....

Kraken and five other DeFi projects contribute $250,000 each to support the teams that work on the Ethereum upgrade. In addition, they donated the sum to the ETH Foundation to develop the network’s version 2.0. Open-source developer teams like Erigon, Besu, Nimbus, Geth, and Nethermind will join the ETH Foundation in the donation. 1/ A diverse execution-layer client ecosystem is at the heart of all that we’re building together. Today, we're excited to announce that @compoundgrants, @krakenfx, @LidoFinance, @synthetix_io, @graphprotocol & @Uniswap are donating $250K each to support....

String Labs, an autonomous financing project, has revealed a new program aimed at awarding grants for developers of open blockchain finance projects on Ethereum. California-based autonomous financing project startup String Labs is welcoming proposals for finance projects exclusively developed on an open blockchain or distributed ledger. Grants will vary between $2,000 and $10,000 per project, the announcement revealed. String Labs’ initiative is one to help in the development of public and open blockchain finance systems, which will enable “end users around the world to send value, invest....