Balancer Grants Monthly Update #5

New Live Grantees

Since the last update, the number of applications for Wave 3 total 25 with 1 new grantee having been announced already, and multiple in the works.

Updates on live grant projects

During the last month some of our grants have been reaching the following milestones:

DeFi Africa

On February 18, DeFi Africa kicked off the month with its first virtual meetup of 2022. Andrea from the Partnership subDAO at Balancer delivered a presentation on the balancer protocol and showed a demo of how one can use the protocol to earn in liquidity pools as well as trade crypto assets. Crypto & DeFi users from all over Africa tuned in from Ghana, Nigeria and Kenya, making the event a success which mirrored the Balancer ecosystem’s rapidly growing reach and influence. Also, DeFi Africa hosted an AMA helping community members trying to use the balancer protocol for the first time. In upcoming March, DeFi Africa will detail its efforts to massively organize its first ever NFT meetup/workshop for artists, investors, crypto and DeFi users.

DeFi Basket

We are happy to announce that DeFi Basket has integrated Balancer swaps into its core and also built a routine to claim distributions for eligible baskets.

HaloDAO

This month, HaloDAO has been doing end to end testing with their contract integrations and is spinning up their front end to integrate with Balancer. Slowly but surely its original grant goals are being worked on.

Verified Network

The custom pool implementation for issuing new security tokens to raise capital from traders (investors) is complete. The name of this pool is ‘PrimaryIssuePool’ and it is managed by an asset management contract called ‘BalancerManager’. The asset management contract manages the workflow of issuing new security tokens starting from — underwriting a new issue, starting a new issue, getting subscriptions from the primary issue pool, allotments of underlying securities, and closure of the issue. The BalancerManager asset management contract has been integrated to the Verified Network which is a blockchain powered platform that connects traditional financial services providers and enables them to Defi platforms such as Balancer. The next step is now to begin issuing security tokens with a real life asset that will earn a yield on investments for traders on Balancer.

Wes Floyd

Wes has completed his first grant for the Balancer DAO. As a result of the research a complete inventory of existing Balancer infrastructure has been compiled along with documented recommendations on how to further decentralize key infrastructure.

Zen Dragon

The first of three Balancer Bites have been written already and can now be viewed here. The newest addition explains Balancer trading formulas in a reader friendly way. Another new grantee working diligently on its deliverables. We didn’t expect anything less from our own Baller Zen Dragon!

About Balancer Grants

The BAL Grant program provides support and funding ($1K — $75K) to projects committed to supporting Balancer Protocol in achieving its mission the leading platform for programmable liquidity. This program is a good fit for individuals and groups that want to run a project that builds technology or resources on Balancer Protocol.

Apply Now

If you are interested in supporting the development of the Balancer Ecosystem or want to build on top of the Balancer Protocol, this is your chance! Get started by filling in the Grants Application form. You can also check out our RFP page for inspiration!

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Balancer Grants

Balancer Grants

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The BAL Grant program is one way BalancerDAO promotes the development of the Balancer Protocol and ecosystem.