IOST DeFi Incentive Program 2.0–$USD 6 Million, All in DeFi!
According to the latest data from DeFi Pulse, as of August 20, 2020, DeFi is proliferating with the total asset value of the DeFi field has soared to a record high of 6.475 billion US dollars.
As one of the world’s leading public blockchain platforms and an ideal home for decentralized applications, IOST creates a global developer-friendly DeFi ecosystem with zero thresholds for users. High potential products such as PowerDeFi, IOST DEX, and otbTRADE have been launched in the IOST ecosystem. On 10th August 2020, to further foster the growth of the IOST DeFi ecosystem, IOST has established a million-dollar special fund, Noah Oracle, to support and incubate emerging DeFi projects.
The IOST Foundation takes another big step in launching a new incentive plan- the DeFi Incentive Program 2.0- an $USD 6 Million-Fund to give a further boost to the continuous innovation of DeFi on IOST. The total fund dedicated to IOST DeFi projects has increased to $USD 7 millions now!
Calling talented DeFi developers, especially IOST partner nodes, to apply for this fund in the following DeFi categories by next Wednesday, 26 August 2020, 23:59 PM (GMT+8)!
*Kindly note that for existing partner nodes, this fund is a separate reward from your node contribution rewards.
Categories:
1. Liquidity pool DEXs
Specific development direction
- An Uniswap alike DEX on the IOST chain
- Add innovations based on uniswap, to develop a better and faster reserve dex
2. Lending
Specific development direction
- A lending platform on the IOST chain, similar to AAVE
3. Stable coins
Specific development direction
- A Fiat collateralized stablecoin, similar to MakerDAO
- A protocol based stablecoin, similar to AMPL
4. Financial derivatives
Specific development direction
- A decentralized open trading platform, similar to dYdX
5. DeFi Pools
Specific development direction
- A YFI alike platform on the IOST chain
- Other DeFi products similar to YFI
6. Oracles
Specific development direction
- An easy to use Oracle, similar to Link or Band
7. Decentralized Autonomous Organization DAO
Specific development direction
- A universal DAO platform on the IOST chain, similar to Aragon, DaoStack
- A dedicated DAO platform on the IOST chain, similar to KyberDao, MakerDAO
What will the developer/team get?
All teams that apply for the above categories and are selected for the IOST DeFi Support Fund will receive the following support:
- Financial support: With the IOST million-dollar support fund to ensure that development costs are covered, as well as excess tokens;
- Market promotion: online and offline promotion in more than 20 countries around the world, as well as high-quality promotion resources from well-known media, communities, and KOLs;
- Traffic support: High-quality DeFi projects will receive user volume from millions of IOST users worldwide.
- Technical support: IOST will provide developers with fast and complete support for the underlying infrastructure, as well as one-to-one development support from technical experts
- Business resources: Global blockchain industry business resources, including but not limited to: media, developers, communities, wallets, KOLs, security audits, etc.
- Exchange listing recommendation letter for the world’s top tier exchanges
How to apply?
Applicants must fill the IOST DeFi Incentive Plan 2.0 Application Form and choose a development category by Wednesday, 26 Aug, 23:59 PM (GMT+8). After the information is submitted, the IOST team will contact you within 3 working days.
Please add a project introduction (200 words), team introduction, and contact information within the form.
Application form link: https://iost-eng.typeform.com/to/hWqtERZd
QR code
Referral reward mechanism
If you are not a developer, you can also participate by introducing DeFi developers or development teams to us. After the successful referral, the recommender can get a referral bonus, and may become a KOL in the IOST community or enjoy more IOST merchandising rewards.
“All in DeFi” is the slogan and development focus of IOST in the second half of 2020
The IOST DeFi Incentive Program 2.0 IOST will further foster the construction of the IOST DeFi Ecosystem, incubate explosive and top tier DeFi products that lead the blockchain mainstream adoption and open up a new era for a decentralized global economy in the future.
IOST is committed to building a genuinely developer-friendly blockchain platform and building an ecosystem that can provide comprehensive support for DeFi projects. We sincerely welcome DeFi developers/development teams of all categories to join IOST, develop easily on the IOST network, create value, and release the potential of the blockchain!
If You Want DeFi, Join IOST!
