Hedera launches $155 million DeFi-focused fund
In a press release on Tuesday, the HBAR Foundation, the developers of Hedera, announced a $155 million “Crypto Economy Fund” with a focus on DeFi.
HBAR Foundation Director Elaine Song said that $60 million of the fund is allocated specifically as liquidity mining rewards for decentralized exchanges, while the remaining funds will be used for infrastructure-focused grants.