Fuse Network

What is Fuse Network?

The Fuse Network is a decentralized platform that enables entrepreneurs and developers to create and deploy custom blockchain-based applications quickly and easily. It is designed to provide an easy-to-use and affordable infrastructure for businesses and individuals who want to create their own custom blockchain-based solutions without having to deal with the complexity and expense of building and maintaining their own blockchain network.

The Fuse Network is built on top of the Ethereum blockchain and uses the Proof-of-Stake (PoS) consensus mechanism to secure the network and validate transactions. It also uses the Fuse token (FUSE) as the native cryptocurrency for paying transaction fees and participating in network governance.

One of the unique features of the Fuse Network is its focus on community-driven governance. The network is governed by a decentralized autonomous organization (DAO) that is made up of FUSE token holders. This means that anyone who holds FUSE tokens can participate in the decision-making process for the network, including voting on proposals for network upgrades and changes.

Grant size: 
Varies on grant type
Gibraltar, Gibraltar

Fuse Network Grant Program

The Fuse Ignite program is set up to accommodate two groups of builders, called Operators: those looking to build DeFi and Web3 payment applications and companies that want to leverage their software to build a SaaS business model on Fuse and become the decentralized middle layer that facilitates business operations. The goal of the $10M Fuse Ignite Funding Program is to Drive Business Adoption of Web3 Payments. To achieve that goal, there are two main funding programs:

The first is an on-chain DeFi incentives fund of $10 million, designed to increase TVL and the total number of token holders on bridged chains, as well as increase the total number of stakers on Fuse and the number of active validators.

The second program is a grant fund of $2.5 million, which coincides with the deployment of a launchpad on Fuse. The company will provide grants of around $25K to approximately ten projects throughout the rest of 2023, with a focus on real-world operators.

Application Process

To apply for a Fuse Ignite Grant, you must first complete the application form on the grants website. Then, the Fuse team will review the application and reach out with any questions. If approved, DeFi liquidity incentives are provided in Fuse Tokens. Finally, Operator grants are provided in both Fuse Tokens and USDC depending on the needs of the project.

Additional Details

The application is a Google Form that requests the following information: First and Last Name, Email, Project Description, Company Name, Website, Team Size, Do you have Devs?, Use Case, Target Market, Team Description, Budget, Impact, Challenges, and Social Links.