TON launches Open League DeFi funding program

According to official news, TON announced the launch of the Open League DeFi funding program, which aims to provide support for Web3 builders in DeFi and dApp. Currently, TON will provide four levels of support based on the project's current TVL on other chains, team experience and other indicators. 1. Tier 1 TVL > $300 million Grant support up to $200,000 Pre-commitment bonus of $300,000 for protocol users Free Telegram ad credits worth $20,000 2. Tier 2 TVL > $100 million Grant support up to $150,000 Pre-commitment bonus of $150,000 for protocol users Free Telegram ad credits worth $15,000 3. Tier 3 TVL > $50 million Grant support up to $75,000 Pre-commitment bonus of $50,000 for protocol users Free Telegram ad credits worth $10,000 4. Tier 4 For experienced DeFi teams with new product ideas Grant support up to $30,000 Pre-commitment bonus of $20,000 for protocol users Free Telegram ad credits worth $5,000