Fantom Foundation has announced they will be committing 370,000,000 Fantom (FTM) to a new rewards program.
Fantom announced on Monday the launch of a new 370 million FTM inventive program for builders that starts today. “If you’re a protocol team, we’ll reward you for sustaining and increasing your TVL on Fantom,” said the company in a recent tweet.
The idea for the program came about over the last few months when Fantom Foundation began to notice “a lot of exciting things going on in regards to liquidity mining,” according to a press release. Fantom noted that other foundations behind their unique chains had begun to provide rewards for users of protocols who deploy on top of their respective chains. Fantom wanted to also reward users but wanted to do so in its own way. “The program was developed by Fantom Foundation to “better align incentives between users, builders, and the network.”