The Good Tech Companies - Bahamut Foundation Announces The Launch Of Three DeFi Projects And The Winners Of Bahamut Arena

Episode Date: May 8, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/bahamut-foundation-announces-the-launch-of-three-defi-projects-and-the-winners-of-bahamut-arena. This initiative provides multi-faceted support for a wide range of projects based on categories mainly revolving but not limited to DeFi, gaming and NFTs.  Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #bahamut, #btcwire, #bahamut-announcement, #defi, #bahamut-blockchain, #press-release, #good-company, and more. This story was written by: @btcwire. Learn more about this writer by checking @btcwire's about page, and for more stories, please visit hackernoon.com.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Bahamut Foundation announces the launch of three DeFi projects and the winners of Bahamut Arena by BTC Wire. Foundation has announced the grants program to support the growing ecosystem of Bahamut and foster the expansion of decentralized projects and applications. This initiative provides multifaceted support for a wide range of projects based on categories mainly revolving but not limited to DeFi, gaming, and NFTs. Bahamut Blockchain has already witnessed the successful results of the grants program with the latest launch of three DeFi projects, Lollic, Mutuary, and SilkSwap. These platforms have successfully passed all the qualification

stages and, after an extensive development process, are now live on the Bahamut blockchain. The appearance of new DeFi projects will surely increase the scalability and adaptability of the native coin of Bahamut, FTN, and expand its usability and relevance. Mutuary is a lending protocol made for decentralized lending and borrowing of assets directly on Bahamut. Mutuary gives the users access to diverse cryptoassets, including FTN, USTD, USDC, STFTN, and is accessible through all EVM-supporting non-custodial wallets, among them FastX Wallet, Metamask, and WalletConnect. The project has been selected and successfully completed the task under the category of Lending Protocol, with a prize of 60.000 FTN. Lolic is the next project that has

received a grant from Bahamut Foundation. Itis a liquid staking platform that supports staking on leading blockchains such as Bahamut, with other blockchains, including Ethereum and Polygon, coming soon. With Lolic, each user can earn rewards by participating in the validation processes of the blockchain directly with their Web3 wallet. And the last one is the DeFi trading platform, Silkswap that allows users Tonejoy peer-to-peer trading and easy and fast transactions. The application stays true to a pure Web3 concept, totally eliminating any third-party interactions. N.N. The application process continues, accepting more and more applications.

The step-by-step description of the application process and information on preferable categories and their funding are available on Bahamut.io slash grants. The process is transparent and fair, keeping it real with Web3. Bahamut Foundation is currently announcing the list of approved applications that will start building their projects on Bahamut through the Bahamut Arena Contest and wishes them the best of luck and successful completion of their projects. Godbit Labs Category, DEX Aggregator Category Prize Fund 40,000 FTN Delivery Deadline 2 Months Lost Lore Category, NFT Marketplace Category Prize Fund 40,000 FTN ftn delivery deadline two months lost lore category nft marketplace category prize fund 40 000 ftn and delivery deadline four months block stars greedy lottery category decentralized game

category prize fund 13 000 ftn delivery deadline one month aaron ace us rng or a c le category rng oracle category prize fund 50 000 ftn delivery deadline three months aaron asus price feed or a category, RNG Oracle Category Prize Fund 50,000 FTN Delivery Deadline 3 Months Aaron Asis Price Feed ORACLE Category, Price Feed Oracle Category Prize Fund 50,000 FTN Delivery Deadline 3 Months, and additionally, the Bahamut Foundation is hosting a series of meetups at the underscore underscore FTNFT Fijital Spaces underscore underscore located in Dubai, Venice, and Yerevan. These events are a design to promote community engagement by bringing together Web3 developers, newcomers, and enthusiasts. The meetups aim to foster growth and development within the

global and local Web3 sector through knowledge exchange and collaboration. Moreover, a partnership with Yerevan State University has been announced to support blockchain education and community development in Armenia's growing Web3 industry. This collaboration, formalized through a memorandum of cooperation, represents a significant step towards integrating educational Andrei search programs focused on blockchain and virtual assets, underscoring a shared commitment to promoting blockchain education and community development. About Bahamut Foundation The Switzerland-based Bahamut Foundation

stays at the forefront of innovation, offering support and funding to the projects that foster advancements in the field, generate value for the blockchain ecosystem, and bring new users into the world of Web3, laying the foundations for future generations to learn and build upon. Tip This story was distributed as a release by BTC Wire under HackerNoon's business blogging program. Learn more about the program here. Thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.