Plasma Foundation Launches Co-Incentive Fund for Aave Builders
Plasma Foundation Launches Co-Incentive Fund for Aave Builders
馃彟 Plasma's Big Aave Move
Plasma Foundation has announced a new co-incentive fund aimed at supporting fintech companies and institutions developing on the Aave protocol. This initiative follows the Ethereum Foundation's significant involvement with DeFi lending protocols earlier this year, when they deposited 45,000 ETH (valued at over $115M) into platforms including Aave.
Key points:
- Fund specifically targets institutional builders
- Backed by Plasma Foundation
- Continues momentum from EF's major DeFi investment
This development signals growing institutional interest in DeFi infrastructure and follows broader trends of traditional finance engaging with decentralized protocols.
A new co-incentive fund for fintechs and institutions building on Aave, powered by @PlasmaFDN. Trillions.
With positive regulatory tailwinds, traditional financial institutions have their clearest signal yet to bring core services onchain. Together with @Aave, Plasma is launching the first and only dedicated institutional fund for a new global financial system.
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