Fantom: 370M FTM Incentives
The Fantom 370M FTM Incentives Program was launched in Aug of 2021. It includes a programmatic form of governance that rewards projects based on their time-weighted average TVL
Overview
Launch Date:Jun 2, 2021
Total Funding Allocated: 375M FTM
Total Funds Distributed to Date (if available): 35M FTM
What Asset(s) are the funds paid out with (native token versus $USD, for example): FTM
Where funding is tracked: on their blog and telegram announcements channel. There is also a snapshot below detailing the totals for the program
Area(s) of Focus
In total more than 100 applications came in for the program and over 35M FTM was paid out across 26 projects total. You can find Fantom’s well known DeFi projects in the list as recipients including SpookySwap and SpiritSwap. Curve was incentivized to port over and more native Fantom projects like Spooky, Spirit and Geist were rewarded for those heavy TVL’s they have seen since mid last year.
Governance
This program rewarded projects based on their time-weighted average TVL. This metric was measured using DefiLlama and paid out monthly based on performance. The bands below were how it was ranked:
- $5,000,000 to $50,000,000 TVL = 1,000,000 FTM
- $50,000,000 to $100,000,000 TVL = 1,800,000 FTM
- $100,000,000 to $200,000,000 TVL = 5,000,000 FTM
- $200,000,000 TVL and above = 12,000,000 FTM
How to Apply
This program is now closed.
Announcements, forum posts, news articles or other media that may be relevant
https://fantom.foundation/blog/announcing-370m-ftm-incentive-program/