In the first week of December, Compound Finance and Uniswap both began working towards the inclusion of grants programs to support ecosystem development on their respective platforms.
- The two platforms are among the DeFi market’s most popular services, but both teams believe that a controlled and fair means to incentivize development would help their respective platforms greatly
- While Uniswap’s proposal is currently in the test phase, Compound’s is already up and is end on Dec. 8
- Voters have almost unanimously supported the grant program on Compound, with over 99% of votes in favor of it
- As for Uniswap, the community can currently review the basic outline before it moves onto an official vote
- Variant Fund’s Jesse Walden explained the grant program over Twitter, saying that the goal was “to provide valuable resources to help grow the Uniswap ecosystem”
- The tentative budget proposal would give the awardees $1.5 million over two months; a committee of 6 members would review applicants