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Friday

17 September 2021

Algorand Aims to Attract DeFi Builders With $300M Fund

Algorand Aims to Attract DeFi Builders With $300M Fund


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Algorand Foundation has announced a $300 million fund called to accelerate its DeFi ecosystem.

Algorand has launched a $300 million DeFi Fund called Viridis, it was announced today.

Algorand Foundation has allocated 150 million ALGO tokens valued at approximately $300 million to finance the development of a decentralized finance ecosystem on its network.

A war chest of over $300 million will likely appeal to development teams to build dApps and fuel the early growth of the DeFi ecosystem.

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