- Poolz Finance partners with Kyber Network.
- The partnership will introduce a grant program.
- Both parties will help speed up the growth of startup projects in the space.
Poolz Finance, a decentralized cross-chain IDO platform, has announced its partnership with Kyber Network–a crypto liquidity hub. Through this collaboration, Poolz will introduce a grant program that will help speed up the growth of the projects utilizing KyberSwap.
To put it simply, this partnership will aid in leveraging multiple futuristic projects—from beginning to end, while providing them with the required infrastructure to grow. That said, new projects launched through Poolz Finance can instantly provide liquidity for its tokens efficiently on KyberSwap.
Furthermore, this newly-forged alliance will mainly be focusing on three points. First, Poolz seeks to have multiple top-tier mutual investments with the Kyber Network. Second, Projects on KyberSwap can now apply for grants from both parties. Third, projects have the chance to apply as mutual IDO partners.
According to the Poolz Finance team, one of the platform’s goals has been to transform DeFi fundraising and to foster the rapid growth of innovative projects. They further stated, “The partnership with Kyber Network plays right into this vision of ours. We believe we could be at the helm of the development of multiple cutting-edge DeFi projects along with Kyber Network, and solidify our position as DeFi’s ace launchpad.”
Meanwhile, Kyber Network CEO Victor Tran spoke his mind on the partnership:
KyberSwap’s goal is to be the best chain agnostic Dex. The end goal is to provide the best experience, efficiency, speed, and security to users. Identifying, backing, and launching the next generation of DeFi giants together with Poolz is a perfect complement to our DNA: Thinking long-term, doing right by the users and builders, and a strong focus on ecosystem building.