💰 Subsidy Fund Treasury Overview

Program Budget Funds Promised Funds Transferred
1,918,000 USDC 1,807,955 USDC

🚀 Grantee Tracking

Grantee Project Description Means Test Score Range Subsidy % Selected Auditor
Millicent One The vertically-integrated blockchain unlocking RWAs and composable capital markets. 7.5+ 70% Sherlock
Gamma Strategies A protocol for active liquidity management and market making strategies. 7.5+ 70% Cyfrin
GMX On-chain perpetual & spot exchange. 7.5+ 70% Guardian
Takadao Building Shariah-compliant tech that empowers communities to pool funds & protect each other. 7.5+ 70% Hacken
D2 Finance DeFi leader in tokenized derivatives strategies. 7.5+ 70% Cyfrin
StableUnit Overcollateralized stablecoin distributing profits from capital-efficient DeFi assets directly to holders. 7.5+ 70% Sherlock
Collar Protocol Liquidation-free, high LTV borrowing by hedging collateral through market makers and Prepaid Variable Forwards. 7 - 7.49 60% Spearbit
Umami Finance Yield-optimized vaults and liquidity services for assets. 7 - 7.49 60% Guardian
DIVA Donate Project enabling parametric conditional donations to support communities in need. 7 - 7.49 60% Cyfrin
Cod3x Platform to launch personalized AI agents to execute financial tasks on blockchain. 7 - 7.49 60% Spearbit
Juicebox V4 Onchain programmable treasuries for people and projects. 7 - 7.49 60% Spearbit
Arb Staking Enhances Arbitrum's governance and security by incentivizing active participation, increasing token utility, and creating a liquid staked token (stARB) compatible with DeFi. 6.5 - 6.99 55% Sherlock
SatsBridge A cross-chain bridge facilitating seamless Bitcoin liquidity and BRC-20 token transfers across networks. 6.5 - 6.99 55% Spearbit
MUX Protocol Perpetual trading protocol offering up to 100x leverage with unified liquidity across multiple chains. 6.5 - 6.99 55% Guardian
Variational P2P trading protocol for perpetuals and generalized derivatives. 6.5 - 6.99 55% Spearbit
DAMM Capital Decentralized mutual funds for treasury management and active market-making strategies. 6.5 - 6.99 55% Sherlock
Aspis Protocol AI-powered decentralized asset management platform deploying on-chain funds with secure smart contracts. 6.5 - 6.99 55% Hacken
Nex Protocol Crypto & RWAs indices for simple on-chain investing. Below 6.49 47% Immunefi
Velvet Capital DeFi Trading & Portfolio Management OS powered by intents & AI. Below 6.49 47% Spearbit
HODL Protocol (fka Bear Protocol) Systematic wealth-building tools for HODLers Below 6.49 47% Spearbit
Gifted A platform for digital gifting. Below 6.49 47% Spearbit
NashPoint Building an Onchain Banking System. Below 6.49 47% Spearbit

Note: The subsidy percentages were determined based on each project’s score on the Means Test. The Means Test ranges shown here are relative and based on the strength of this particular cohort in comparison with each other, and the scores have been normalised for comparability. The same Means Test score ranges may not translate into the equivalent subsidy percentages in subsequent programs.