NEAR awards Solace.Fi $30,000 Grant
Solace.fi has been awarded a $30,000 token grant by the NEAR Protocol foundation.
The project, which provides coverage for DeFi liquidity providers and market makers to hedge their risk in the event of smart contract exploits, Solace received a grant to continue its development of a cross-chain coverage protocol on NEAR.
The project is due to go live on Aurora in October, alongside an Ethereum mainnet launch. The grant has been split into two chunks: the first, will help Solace apply the finishing touches to its launch on Aurora, the turnkey solution for developers seeking to extend their dApps to reach additional markets. The second, will be released after the successful launch on Aurora. Solace has also become part of the Open Web Collective, an incubator, and accelerator for projects building on the web.
Solace also shares NEAR’s mission of a multi-chain future, and its architecture has been developed for easy integrations with other protocols and DeFi dashboards to ensure every blockchain can have the same piece of mind.
About Solace
Solace is a decentralized coverage protocol, insurance-alternative, that allows DeFi liquidity providers and market makers to hedge their risk in the event of smart contract exploits.
About Near Protocol
NEAR Protocol is a high-performance blockchain platform for developing Open Web applications. Easy to build on and easy to use, NEAR will bridge the users of today’s internet to the blockchain-based web of the future.
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