The HBAR Foundation has announced the launch of the $155 million “Crypto Economy Fund” to support the development of decentralized finance (DeFi) on the Hedera Hashgraph network.
Hedera Hashgraph Crypto Economy Fund will be used to boost the growth of the HBAR economy and accessibility within the network, according to the statement made by the company on March 29. Also HBAR Foundation, Hedera $60 million of the fund for the development of the ecosystem and liquidity rewards stated that he would use
Stader Labs’ staking platform is rewarded with an undisclosed but high sum it is said. The HBAR Foundation uses this money Stader Labs received. will use it to develop the proof-of-stake mechanism and make it more secure. explained.
Shayne Higdon, CEO of the HBAR Foundation, made a statement on the subject:
Our aim is to attract our users to the Hedera platform where they can benefit from scalable and lower cost products. New institutions, tokens and swap options are coming to Hedera every day. For this reason, low cost and scalability are very important.
said.
In the last 7-day period approx. 18% HBAR, the native token of Hedera, which gained value, according to CoinMarketCap data at the time of writing this article. 0.255 traded in dollars.
HBAR is the 36 most valuable in the list made by CoinMarketCap.. cryptocurrency is located as.