Key highlights:
- Fhenix has unveiled grant and bounty programs to promote development on its Fully Homomorphic Encryption (FHE) Layer 2.
- The grant program supports larger projects focused on building confidential applications and infrastructure.
- The bounty program targets smaller, specific tasks with rewards for successful completion.
New initiatives aim to boost adoption of Fhenix’s FHE-powered Layer 2
Fhenix is a Layer 2 solution leveraging Fully Homomorphic Encryption (FHE) for confidential transactions. And they have launched a grant and bounty program to accelerate the growth of its ecosystem. These initiatives are designed to encourage developers to explore Fhenix’s capabilities by offering financial support and rewards for building on the platform.
The Fhenix Grant program is tailored for developers working on FHE infrastructure or developing on-chain confidential applications. It seeks projects that can deliver innovative use cases or create essential tools for handling encrypted data. Applicants are required to present clear deliverables, key performance indicators (KPIs), and milestones. Successful candidates will receive funding to help bring their solutions to life.
The program’s application process is managed through a dedicated grants page on Fhenix’s website, where the team will carefully review each submission. This initiative is particularly geared towards larger-scale projects that can improve confidentiality in on-chain environments through FHE.
Complementing the grant program, Fhenix’s bounty initiative is aimed at smaller projects with more narrowly defined goals. Available tasks and their respective rewards are listed on the bounty page, where developers can apply for the challenges that align with their expertise. Upon successful completion of a task, developers are eligible for the corresponding bounty.
These programs are part of Fhenix’s broader strategy to familiarize more developers with its Ethereum Virtual Machine (EVM)-compatible Layer 2 and to demonstrate the potential of confidentiality-focused applications using FHE.
The bottom line
Fhenix’s grant and bounty programs represent a significant step toward fostering innovation within its FHE-based Layer 2 ecosystem. By providing support to both large and small-scale projects, Fhenix will accelerate the adoption of confidential smart contracts and transactions.
Source: https://coincodex.com/article/45495/fhenix-introduces-grant-and-bounty-programs-to-drive-adoption-of-its-layer-2-solution-for-confidential-transactions/