Recently, the IOTA community has voted in favor of a large-scale plan to boost liquidity and kickstart the new IOTA EVM ecosystem.
A total of 172 million IOTA tokens will be allocated to different dApps to increase liquidity and create a better DeFi experience. This initiative is expected to add around $27.5 million in new liquidity to the IOTA EVM protocol, helping to drive growth and expansion of the ecosystem.
The Growth Program will carefully distribute funds across various DeFi applications to promote growth in areas like Total Value Locked (TVL), trading activity, price stability, and liquidity. These liquidity boosts will bring attention to IOTA EVM and increase demand by creating new opportunities for DeFi users.
The IOTA EVM Growth Program Team will make sure that the fund distribution improves liquidity and user experience in a wide range of applications, focusing on asset security, fairness in the ecosystem, and the effectiveness of the actions taken. The goal is to create growth opportunities and expand the usefulness and user base of the supported projects by strategically adding funds to their smart contracts.
More details can be found on: https://blog.iota.org/community-funds-evm-growth/
submitted by /u/mislav_
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