The Klayr Ecosystem Growth Fund (EGF) stands as the cornerstone of the Klayr treasury. Initially endowed with 9.5 million KLY tokens, this fund emerged from the token supply increase during Klayr’s adoption of the Lisk L1 technology in its genesis block. It plays a pivotal role in our ecosystem. By leveraging the EGF, Klayr can bolster market activities and offer enhanced incentives to our community, driving growth and engagement.
The EGF comprises 5.19% of the total token supply, featuring a structured vesting period of 36 months with quarterly distributions. This strategic approach ensures the fund’s longevity and impact, allowing us to invest in promising projects, provide liquidity, distribute grants and community bounties, and stake on reputable validators and projects. Our goal is to fuel the expansion and vitality of the Klayr ecosystem sustainably, ensuring long-term, continuous support for innovation and community initiatives.
What will the Klayr Ecosystem Growth Fund do?
The Ecosystem Growth Fund (EGF) is designed to play a pivotal role in supporting and expanding the Klayr ecosystem. To achieve this, we will run a number of programs over the coming months and years, each strategically focused on fostering growth and engagement. The following are the programs that are currently in place.
Grant Program: Strategic Investments in Community Projects
We are committed to investing in promising community-driven projects that can lead to significant innovation and development within the Klayr ecosystem. Our Grant Program, already launched, is a key component of this initiative, providing essential funding to projects that align with Klayr’s vision and objectives.
Bounty Program: Bounties and Incentives for Community Engagement
The Bounty Program, which recently went live, offers bounties and rewards to incentivize community members to contribute to various aspects of the ecosystem. Some bounties will incentivize builders and developers to create modules and other technical solutions which improve the network’s capabilities, while others can be used to benefit other developers and the larger Klayr community by incentivizing engagement and facilitating knowledge sharing.
Validator Support Program and Staking Initiatives
Our Validator Support Program is already in motion, designed to support validators who play a crucial role in securing the network. By staking on reputable validators and running 2 Klayr Labs validators of our own, we not only enhance network security but also generate staking income for the Klayr organization. This income is vital for sustaining our operations and ensuring long-term viability.
Klayr Labs Validators: Maintaining the EGF
As the Ecosystem Growth Fund (EGF) plays a pivotal role in our ecosystem, it is crucial to maintain its resources. To ensure the fund remains filled, a significant portion of the staking returns and rewards from our validators [Klayr_Labs_1 and Klayr_Labs_2] will continuously flow back into the EGF. This approach guarantees that the ecosystem always has the necessary liquidity to support ongoing and future initiatives.
Join us on this exciting journey to build and expand the Klayr ecosystem! Whether you’re a developer, validator, or community enthusiast, there are opportunities for everyone. Dive into our Grant Program, participate in upcoming bounties, or support the network through staking. Together, let’s create a thriving, innovative, and sustainable future. Get involved today and be a part of something transformative!