The new Bitcoin grant program could bring more innovation to Bitcoin-native DeFi (BTCFi).

SMDX99’s Golden Horizon Fund has announced a new Bitcoin grant program aimed at advancing the technology of the world’s first blockchain network. Golden Horizon is a family office fund investing in decentralized technologies.

The new Bitcoin grant program from the Golden Horizon Fund will offer developers funding ranging from $50,000 to $150,000 over a 12-month period, with grants up to $250,000 per developer.

The program aims to give back to Bitcoin’s open-source developers and further the network’s development. “The goal of the program is to support the technical advancement of Bitcoin, enhancing its resilience, scalability, censorship resistance, and privacy. We have the capacity to support Bitcoin developers and are committed to achieving an open and transparent grant process.”

Bitcoin grants could be issued as early as the third quarter. Potential beneficiaries are expected to contribute to the technical development of Bitcoin, including requests or review work on Bitcoin Core software projects.

Grants are anticipated to be awarded to developers in Q3 or Q4 of 2024. Developers can submit grant applications to the Golden Horizon Fund by August 25.

This year, interest in Bitcoin development has been reignited, first by the new interest generated by the U.S. spot Bitcoin exchange-traded fund (ETF) and the Bitcoin halving that occurred in April 2024.