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Reserve Protocol (RSR) launches $10 million ecosystem fund
Reserve Protocol (RSR) announced the formation of two new entities, ABC Labs and Confusion Capital, on Jan. 26.
ABC Labs will focus on developing and promoting the protocol and will be led by CEO Thomas Mattimore. Confusion Capital will manage the fund along with special projects across the ecosystem and will be led by co-founder Nevin Freeman.
In addition, Reserve announced the launch of a $10 million grant program, with Confusion Capital opening applications for $10 million in grants to individuals, unincorporated teams, DAOs and companies building in the decentralized Reserve ecosystem.
The $10 million fund has no fixed timeline and will be disbursed on a rolling basis as qualified recipients are identified. The first application cycle is open starting today and will close on Feb. 9.
