The Oasis Protocol Foundation (OPF) is launching a funding initiative to boost growth and composability for DeFi on Sapphire, allocating funds from the OPF treasury. 

The initiative aims to inject capital into DeFi primitives, contributing over $10 million in liquidity to the Oasis ecosystem. It is scheduled to start in Q1 2025.

Crypto enthusiast, Africa lead ~oasis protocol

Where are we now 👇?

 The initial setup of multi-sig wallets, internal monitoring systems, and coordination with relevant teams is complete. The initiative will provide a liquidity boost to native DeFi primitives on Sapphire, including ROSE, wstROSE, BitUSD, USDC, and soon mTBill, pending a final legal review.
Read about this 👇

Where are we now 👇?

 The initial setup of multi-sig wallets, internal monitoring systems, and coordination with relevant teams is complete. The initiative will provide a liquidity boost to native DeFi primitives on Sapphire, including ROSE, wstROSE, BitUSD, USDC, and soon mTBill, pending a final legal review.
Read about this 👇 https://oasisprotocol.org/blog/ecosystem-funding-initiative

Key points to note about this are .👇
Goal- The initiative seeks to help new projects overcome market entry barriers and demonstrate their value.
Liquidity- The funding aims to provide liquidity for low-slippage transactions, price discovery, new asset launches, and overall stability.

Participating Protocols- Midas, Neby, Thorn, Accumulated Finance, and BitProtocol will benefit based on their importance and growth potential.
Indirect Support- The added liquidity will improve user experience for native and cross-chain launches 

 It will also enhance the utility of $ROSE and other native assets.
BitProtocol Example BitProtocol allows users to mint BitUSD using Wrapped Staked ROSE as collateral, which can then be used in various ways, such as swapping for USDC on Thorn Protocol, pairing with ROSE on NEBY, or leveraging to buy more wstROSE. mTBILL from Midas can also be used as collateral for minting bitUSD, potentially lowering liquidation risk due to its stability.