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19 September 2021

Algorand Foundation Launches $300 Million Fund to Support DeFi Innovation

Algorand Foundation Launches $300 Million Fund to Support DeFi Innovation


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The balance of this fund will support further application development across this burgeoning DeFi ecosystem.

Since liquidity is a fundamental driver of DeFi and DApp adoption, the Algorand Foundation is assigning a fund of 100 million ALGO (worth approximately $200m USD today) to support and provide liquidity incentives to the Algorand DeFi ecosystem.

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