Web3 Foundation Grants Recipient — Stable Asset by NUTS Finance

Terry Lam
NUTS Finance
Published in
2 min readAug 23, 2021


🎉 Polkadot here we come!

We are pleased to officially announce our Stable Asset protocol has been accepted and funded by Web3 Foundation as part of the W3F Wave 9 Grants Program.

The Stable Asset protocol is a synthetic asset protocol designed to synthesize crypto assets with the same value peg (ie. various standards of BTC, ETH, DOT, stablecoins) to increase usability in financial applications.

This is a significant achievement as we expand our blockchain development capabilities to Substrate, validating our technical capabilities in order to contribute to the Polkadot ecosystem.

Furthermore, this recognition demonstrates our blockchain agnostic approach to building technology solutions to empower open financial applications.

We very much look forward to working closely with builders in the Polkadot community!

Official Web3 Foundation Announcement: https://medium.com/web3foundation/web3-foundation-grants-wave-9-recipients-db8dc8ab7de2

Stable Asset W3F Grants Submission: https:// github.com/nutsfinance/Grants-Program/blob/master/applications/stable-asset.md

About NUTS Finance

Organized in 2018, NUTS Finance is a blockchain development DAO focused on building secure, composable and open source technology to enable financial applications on the blockchain.

Our core team is composed of engineers, financiers, security experts and serial entrepreneurs. Our approach is open, global and blockchain agnostic.

Through multiple projects, our aim is to deliver the working elements that can help shape the emerging crypto economy.

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Terry Lam
NUTS Finance

Building @NUTSFinance https://nuts.finance | sound money enthusiast | cat dad