Instadapp, a decentralized finance platform, has announced the introduction of its lending protocol called Fluid. The protocol is currently in the testing phase and is expected to be released in January. Instadapp aims to provide users with seamless access to lending and borrowing services. In other news, the Web3 Foundation, the development agency behind Polkadot, has revealed a new plan to deploy $22.08 million and 5 million DOTs (Polkadot's native cryptocurrency) throughout 2024. This initiative aims to support projects that will have a significant impact on the future. The funding will be distributed through the Polkadot Treasury, which is a community-governed mechanism. Additionally, the Web3 Foundation has allocated $41 million to a development fund for projects looking to build on Polkadot. This fund will support the growth of the Polkadot ecosystem and encourage innovation within the community. Meanwhile, Spark Lend, a lending platform in the MakerDAO ecosystem, has expanded beyond Ethereum by deploying on Gnosis Chain. This move allows Spark Lend to tap into a wider user base and provide its lending services on multiple blockchain networks. Lastly, the Web3 Foundation has announced that it will allocate CHF 20 million in 2024 for the development of the Polkadot ecosystem. This funding will further support the growth and advancement of projects within the Polkadot network.
Spark Lend from @sparkdotfi in @MakerDAO ecosystem expands beyond Ethereum by deploying on @gnosischain - Details in Protocol Village by @liqquidity https://t.co/4iwHtR5rHS
JUST IN: Web3 Foundation will allocate CHF 20 million in 2024 for the development of the Polkadot ecosystem.
The @Web3foundation has allocated $41M to a development fund for projects looking to build on Polkadot $DOT - Details in Protocol Village by @thesamreynolds @liqquidity https://t.co/SxIjN7403c
The Web3 Foundation has introduced a new initiative to distribute $22.08 million and 5 million DOTs in 2024. https://t.co/sVOxZWT7Qr
Polkadot development agency Web3 Foundation announced a new plan to deploy US$22.08 million and 5 million DOTs throughout 2024, which will augment the community-governed funding mechanism from the Polkadot Treasury to help projects that will have a meaningful impact on the future… https://t.co/lm4JIxVCL2
Instadapp introduces lending protocol Fluid in testing phase, aiming for January release https://t.co/lvqZWcclqI