The Avalanche team announced via a blog post on Friday that the Avalanche Foundation has launched the Ted Yin Grant Program in recognition of the contributions Maofan “Ted” Yin has made to the Avalanche public blockchain ecosystem.
The Ted Yin Grant Program will advocate for and fund the development of open-source software projects building on the Avalanche public blockchain, contributing to the ecosystem around the Avalanche public blockchain, and/or otherwise benefitting public, permissionless blockchains.
Avalanche is an open-source platform for launching Decentralized Finance (DeFi) applications and enterprise blockchain deployments in an interoperable, highly scalable ecosystem.AVAX is down by 1% so far today and currently trades at $8.82 per coin.