370M FTM Incentive Program by Fantom
Fantom is committing 370,000,000 FTM to incentive program.
The process and requirements are as follows:
- A protocol team can apply for rewards if the TVL on that protocol can stay above a time-weighted-average of $5,000,000 or $100,000,000 for an extended period of time.
- They’ll open a submission form, where protocol teams can provide information about the protocol, a publicly-verifiable team address (preferably a multi-sig), and a DeFiLlama link to track TVL.
- Once the Foundation has approved the application, a two-month long cliff commences, after which rewards will start to vest on a monthly-basis.
- If at any given point, the time-weighted-average of the protocol’s TVL goes below the $5,000,000 bandwidth, rewards will be paused until the TVL climbs back up to the respective bandwidth.
For higher bands, falling under a respective bandwidth will simply move the reward tier back to the previous level or band. - The program applies to both new and existing protocols on Fantom.
About Fantom
Fantom is a fast, scalable, and secure layer-1 EVM-compatible platform built on a permissionless aBFT consensus protocol. On Fantom, transactions are confirmed in 1 second and cost a fraction of a cent. Speed, low transaction costs, and high throughput make Fantom ideal for DeFi applications and real-world use-cases.
📰 INFO:
https://fantom.foundation/blog/announcing-370m-ftm-incentive-program/
