IOTA Grants Update Recap III

TL;DR:
A new round of IOTA Grants has been announced, with 26 out of 99 applications receiving funding totaling $2,744,000. DeFi categories represented by the projects range from lending and NFT marketplaces to SocialFi and tooling.

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Thank You for Your Enthusiasm: Temporary Pause on New Grant ApplicationsDue to the overwhelming interest and the incredible number of grant applications we’ve received, we are temporarily pausing new submissions. This pause will allow us to carefully review and prioritize the current applications, ensuring we select the most impactful projects. We appreciate your enthusiasm and support for the EVM, and we look forward to reopening the application process soon. Stay tuned for further updates!

The IOTA Ecosystem DLT Foundation's Grants Program remains dedicated to fostering innovation across various digital asset projects. Moving forward, updates will be done more frequently to keep things concise and timely.

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The Grants Program in Numbers (as of June 26, 2024)
Applications Received: 102Grants Awarded: 25Total Granted: $2,744,000

Grant Recipients

ioLend

Category: Lending

X: @iolendfi

ioLend is a pioneering Decentralized Finance (DeFi) platform focused on optimizing lending and liquidity. It aggregates yield opportunities across the network, enabling users to maximize returns through various strategies. The platform features yield-bearing collaterals and advanced risk management methodologies. ioLend supports diverse assets and integrates with Liquidity Pool markets, boosting liquidity and enhancing Total Value Locked within the IOTA ecosystem.

Eco Forge Chronicles

Category: NFT Marketplace

GitHub: github.com/Akkodis/Eco_Forge_Chronicles

Eco Forge Chronicles is an open-source trade-to-earn marketplace designed to enhance Web3 engagement using Eco-Bound Tokens (EBTs) and redeemable NFTs. The platform promotes ecosystem sustainability and user engagement by enabling projects to offer rewards that bind users to their ecosystems without depleting resources. Eco Forge Chronicles supports common NFT standards and allows for redeeming NFTs for digital goods. It serves as a building block that projects and builders can adapt to their needs, providing a versatile, customizable marketplace template. This makes it a dynamic addition and solution for ecosystem growth.

Protico

Category: SocialFi

Website: protico.io / X: @protico_io

Protico is a DePIN-based social x data network that fosters social impact and profitability for both users and brands. It introduces the "Web3 Lobby," a universal community layer enabling brands to create native community spaces and connect with Web3 identities in a decentralized manner. Protico’s infrastructure, linked to a decentralized data storage network, provides GDPR-compliant user data.

Peppy

Category: Perpetuals

Website: www.peppy.finance / X: @Peppy_finance

Peppy Finance aims to develop a “degen-themed” SYMMIO-integrated frontend tailored to retail users. Unlike the current SYMMIO frontends designed for professional traders, Peppy will offer a seamless and engaging experience by leveraging iGaming and online gaming design principles. This new UI aims to simplify the trading process, attract and retain retail users, and enhance their interaction with SYMMIO's perpetual exchange infrastructure.

TokenLabs.Tools Audit

Category: Tooling / Other

Website: tokenlabs.network / X: @TokenLabsX

TokenLabs.network is a no-code Web3 platform designed to democratize the creation and management of ERC20 tokens. It offers a secure, transparent, and user-friendly ecosystem for creating, managing, and auditing tokens without advanced technical knowledge. Previously, TokenLabs received a grant to support its development, details of which you can read here. This new grant will ensure their platform adheres to security standards.

Check out the previous Grants Update here.

This article was amended on July 1 to update the total funds awarded in the latest round from 2,894,000 to 2,744,000.