Sunday, September 12, 2021 8:09:17 AM
Ethereum Competitor Launches $300,000,000 DeFi Fund to Fuel Crypto Adoption
"An Ethereum competitor is launching a $300 million fund to support decentralized finance (DeFi) innovation on its network.
Blockchain company Algorand Foundation is putting 150 million ALGO, worth $309 million at time of writing, into the Viridis DeFi Program in an effort to fuel the growth of development on its platform.
Sean Lee, chief executive officer of the Algorand Foundation, says the fund will help accelerate the adoption of DeFi across the project’s ecosystem.
“Creating the right infrastructure, application ecosystem, and liquidity will be key to ensuring that DeFi on Algorand is regarded as the world’s most energy-efficient, scalable and low-cost DeFi ecosystem.”'
More....
https://dailyhodl.com/2021/09/11/ethereum-competitor-launches-300000000-defi-fund-to-fuel-crypto-adoption/
Recent ALGOUSD News
- Battle Of Networks? Algorand Pokes Fun At Bitcoin, Ethereum, And Solana In New Ad • NEWSBTC • 05/24/2024 08:00:54 PM
- Trading of Ether ETFs Delayed, LINK Performs Well, and More Crypto News • IH Market News • 05/24/2024 03:54:39 PM
- Algorand causes a stir with new ad bashing Bitcoin, Ethereum and Solana • Cointelegraph • 05/24/2024 06:17:08 AM
- Bitcoin Stabilizes at $62,000, SEC Delays Exodus NYSE Listing, and More Crypto News • IH Market News • 05/09/2024 07:28:40 PM
- Ripple, XRPL Labs join Algorand Foundation as founding members of Decentralized Recovery Alliance • Crypto Briefing • 05/09/2024 07:10:05 PM
- Ripple joins multi-chain DeRec Alliance for secrets management • Cointelegraph • 05/09/2024 07:00:00 PM
- Algorand Market Cap And TVL Skyrocket As ALGO Faces Critical Support Test • NEWSBTC • 05/09/2024 12:00:32 AM
- Algorand Foundation CEO’s X Account Compromised As Spree of Crypto Social Media Hacks Continue • The Daily Hodl • 01/27/2024 09:00:09 PM
- Hedera (HBAR) Shines: Record-Breaking 164 Million Daily Transactions, Market Cap Reaches $2.9 Billion • NEWSBTC • 01/27/2024 01:00:15 AM
- Bitcoin Crash Ahead: Expert Predicts Testing $20K Before Rebound • NEWSBTC • 01/26/2024 11:00:46 PM
- Hacker mocks Algorand after maintaining control of CEO’s X account for 15 hours • Cointelegraph • 01/26/2024 07:40:00 PM
- Algorand CEO’s X Account Hacked, Is Justin Sun Involved? • NEWSBTC • 01/26/2024 03:10:48 PM
- Algorand CEO’s X account compromised, hacker posts satirical tweets • Crypto Briefing • 01/26/2024 10:36:13 AM
- Algorand CEO’s hacked account dances into pole position • Cointelegraph • 01/26/2024 08:20:00 AM
- Bitcoin Whale Addresses Hit 15-Month High – A Sign Of Growing Accumulation? • NEWSBTC • 01/20/2024 08:20:14 AM
- Algorand (ALGO) Stuns In Q4: Market Cap Soars, TVL Doubles, And User Base Skyrockets • NEWSBTC • 01/20/2024 03:00:25 AM
- Algorand shaves block times by 20% after Dynamic Lambda upgrade • Cointelegraph • 01/18/2024 04:41:22 AM
- Hedera partners with Algorand to develop a ‘decentralized recovery’ protocol • Crypto Briefing • 01/12/2024 12:14:16 AM
- Hedera and Algorand partner to develop decentralized wallet recovery system • Cointelegraph • 01/11/2024 02:14:17 PM
- XRP In December 2023: Decoding An 800% Nostalgia And The Hope For $1 • NEWSBTC • 12/25/2023 12:00:15 PM
- Polkadot Pops: Price Hits Fresh 2023 Peak, Breaking Through Doubts • NEWSBTC • 12/24/2023 12:10:23 PM
- Google AI Predicts When XRP Price Will Cross $5 And What Will Drive It • NEWSBTC • 12/24/2023 10:40:28 AM
- Solana Surges Above $117 As Meme Coin Craze Extends Market Momentum • NEWSBTC • 12/24/2023 06:31:30 AM
- Bitcoin's 8-week win streak is in danger, but ATOM, FIL, EGLD, and ALGO don't care • Cointelegraph • 12/17/2023 03:52:15 PM
- FIFA launches NFT collection amid 2023 World Cup • Cointelegraph • 12/11/2023 07:24:07 PM
Avant Technologies Engages Wired4Tech to Evaluate the Performance of Next Generation AI Server Technology • AVAI • May 23, 2024 8:00 AM
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM