Stellar Community Fund Kicks Off $10 Million Open-Application Funding Program for Soroban Projects
Stellar Development Foundation (SDF) announced a $10 million Soroban-focused awards program through its Stellar Community Fund (SCF). Beginning on February 13 the Stellar Community Fund will support developers as they experiment with Soroban, the new smart contract platform built for Stellar, which was designed for scale, access to financial rails, and a batteries-included development experience.
Through the expanded program, developers may be awarded up to $150,000 worth of XLM, depending on the size and scope of their project. After the initial February launch, the program will continue to host monthly rounds, giving potential candidates several chances to submit applications in the lead up to the Soroban Mainnet launch later this year and beyond, if necessary.
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The Stellar Community Fund has helped launch and grow over 400 Stellar-based projects in the past five years, and expanding the program to include open-application funding for Soroban-based projects as part of the $100 million Soroban Adoption Fund will create new opportunities for developers and businesses interested in building first-wave tools, DeFi protocols, dApps, and educational resources focused on Soroban.
“We want to motivate developers to experiment with Soroban, and to join in the bootstrapping of a greenfield ecosystem,” said Justin Rice, VP of Ecosystem at Stellar Development Foundation. “Soroban presents a wealth of opportunity for builders and we’re eager to see what people come up with, and to get their feedback as we continue to refine the platform in preparation for Mainnet launch.”
The Stellar Community Fund is open to a wide range of applicants, from individual developers to startups to long-lived companies as well as educators and community coordinators.
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