The new Bitcoin grants program could invite more innovation for Bitcoin-native DeFi, or BTCFi.
Arthur Hayes’ Maelstrom fund has announced a new Bitcoin grant program to advance the technical development of the world’s first blockchain network.
Maelstrom’s new Bitcoin (BTC) grant program will be offering developers grants between $50,000 to $150,000 on a 12-month basis, with grant stacking of up to $250,000 per individual developer.
The program aims to give back to Bitcoin open-source developers and further promote the development of the network. According to the announcement: