TON Foundation Launches Open League DeFi Grants Program, $520K Per Team

• TON Foundation launches Open League DeFi Grants, offering up to $520,000.
• Program leverages Telegram’s 900 million users for DeFi project outreach.
• Four-tier support system caters to diverse DeFi project needs.

TON Foundation, a pioneering force in the DeFi realm, has unveiled The Open League DeFi Grants Program, a groundbreaking initiative aimed at fostering innovation within the Web3 ecosystem. With a keen focus on supporting DeFi and dApps builders, TON is poised to propel the sector forward with substantial financial backing.

The program represents a strategic move by TON to harness the power of Telegram’s vast user base, boasting over 900 million monthly active users, by enabling projects to reach their target audience directly through the Telegram Mini App (TMA) platform. By leveraging TMA, developers can streamline user onboarding processes and offer a seamless DeFi experience within the familiar confines of the messaging app.

With a commitment to nurturing DeFi projects, The Open League offers generous grants of up to $520,000 per team, along with user incentives totaling up to $300,000. TON aims to provide a supportive environment for projects spanning decentralized exchanges, lending protocols, staking mechanisms, and more, positioning itself as the premier destination for DeFi innovation.

The program features four tiers of support tailored to project metrics such as Total Value Locked (TVL) on other chains and team experience. Grants range from $30,000 for Tier 4 projects to $200,000 for Tier 1 endeavors, accompanied by additional rewards and advertising credits to bolster project visibility.

With TON’s expansive user base and commitment to simplifying DeFi, participants are urged to seize the opportunity to join the Telegram Web3 SuperApp early and tap into the program’s resources for success. As TON continues to evolve, aspiring developers are encouraged to embark on their journey with the platform, poised to capitalize on the burgeoning ecosystem and shape the future of DeFi.

The Open League DeFi Grants Program underscores TON Foundation’s dedication to advancing DeFi accessibility and innovation, offering a compelling opportunity for builders to thrive in the evolving landscape of decentralized finance.

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