Arthur Hayes' Maelstrom Fund Launches Bitcoin Developer Grant Program

• "Maelstrom is proud to announce the launch of the Bitcoin Grant Program. The objective of the program is to help with the technical development of Bitcoin and enhance its resilience, scalability, censorship resistance and privacy characteristics," announced the fund.

• According to the announcement, no-strings attached grants can range from $50,000 to $150,000 per developer. Applications must be submitted prior to August 25, 2024.

"Maelstrom, like other companies in the space, indirectly relies on the work of open-source Bitcoin developers. We are therefore keen to give back and donate to the Bitcoin technology, on which the crypto ecosystem depends," was stated in the announcement.

• First grants will be awarded in Q3/Q4 of this year. Apply here.

Program information

• Deadline: Applications must be submitted prior to August 25, 2024.
• Grants can range from $50,000 up to $150,000 per developer.
• Grants are issued for 12 months and payments are made monthly in BTC, USDC or USDT.
• A Grantee will be expected to contribute to Bitcoin’s technical development, potentially in the form of pull requests or review work for the Bitcoin Core software project.
• Candidates should expect at least one interview with a member of the review committee prior to the issuance of a grant.
• Grant stacking is permitted with a cap at $250,000 / year.
• Your application must contain at least one reference.  Review Committee includes: Arthur Hayes (CIO) and Jonathan Bier (Grant Program Administrator).
• Grants are expected to be awarded in Q3 and/or Q4 2024.

[3/3] It is fantastic news that there is more funding and more funding sources for open source Bitcoin developers

The funding enivorment is now stronger and more diverse than ever@bitcoinbrink @HRF @ChaincodeLabs @OpenSats
... and now @MaelstromFund

— BitMEX Research (@BitMEXResearch) July 17, 2024

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