Composable Finance, Picasso Receives Grant From Olympus DAO
Composable Finance has received a $50,000 grant from Olympus DAO that will enable it to work collaboratively with the DAO to integrate asset — gOHM and onboard the DAO as a pallet into Picasso ecosystem. Composable is thankful and appreciative of this support to further extend the cross-chain capabilities of DeFi into its fully interoperable future with this grant.
Composable has outlined three specific milestones it will achieve with this grant and will evenly allocate the grant across these milestones. The first milestone focuses on bridging gOHM to Picasso, making it one of the first assets to enter the growing Kusama ecosystem.
Picasso is Composable Finance’s Kusama parachain. Picasso is a critical piece of Composable’s infrastructure helping to enable a cross-chain future for DeFi.
About Olympus
Olympus is building a community-owned DeFi infrastructure to bring more stability and transparency to the DeFi space. As a DAO, Olympus created a free-floating reserve currency — OHM — backed by a basket of assets to solve the depreciation of stablecoins driven by externalities such as the US Federal Reserve.
About Composable Finance
Composable Finance is a cross-layer and cross-chain interoperability platform for Layer 2 Ethereum and Polkadot/Kusama. Composable Finance is a cross-chain and cross-layer interoperability platform. The solution is Composable’s dual-pronged approach to interoperability, which includes a hyper-liquidity infrastructure layer for DeFi assets that will be powered by both layer 2 on Ethereum and Polkadot.
