New Conflux Grants Program Empowers Blockchain Innovators

• Conflux Network has enhanced its ecosystem grants program to support innovative projects deploying on Conflux eSpace.
• Conflux Network focuses on onboarding protocols to innovate DeFi, SoFi, DEXs, yield farming, derivatives, and RWA.

Conflux Network is excited to announce a significant expansion of its ecosystem funding program, making the Integration Grant more accessible than ever for creative enterprises wishing to deploy on Conflux eSpace.

This program is meant to help both seasoned developers and up-and-coming businesses looking for strong support join the chain.

Exciting news! Our ecosystem grants program just got a major upgrade 🚀
https://t.co/SD9gNhMoRU

The Integration grant is now more accessible than ever for projects looking to deploy on Conflux eSpace.
Discover how this grant can supercharge your journey on Conflux Network.…

— Conflux Network Official (@Conflux_Network) June 27, 2024

Objectives of Conflux Grants Program 

The main objectives of the Conflux awards program are to establish a varied ecosystem that draws capital, strengthen the Conflux network, add necessary infrastructure and developer tools to the Conflux technological stack, and grow the number of projects and developers using Conflux.

These goals complement the goal of Conflux Network, which is to promote blockchain innovation and expansion.

Conflux Network is now emphasizing on integrating a number of important protocol types to improve its ecosystem. While SoFi protocols seek to completely transform financial services, lending protocols are urged to develop the DeFi environment.

Decentralized exchanges (DEXs) are also intended to improve liquidity and efficiency of the market, and vault or yield farming techniques are supposed to optimize user returns.

Advanced financial products are being looked for through derivative protocols, while real-world asset (RWA) protocols are meant to close the gap between blockchain technology and physical assets.

Market Performance and Recent Developments

The market performance of the native token of the network, CFX, is indicative of the encouraging momentum these projects have created. At the time of writing, CFX was trading at about $0.1719, up 10.39% in the previous day, according to CoinGecko data.

CFX has been trending bullish over the last week, gaining by 17.54%. This increasing trend shows how much more people are confident in the advancements and possibilities of Conflux Network.

Apart from improving the awards program, Conflux Network had already unveiled AxHKD, a stablecoin supported by the Hong Kong dollar, as previously reported by CNF.