Cardano PRIME Open RFPs for DeFi Under Proposed 120M ADA Program

AlphaGrowth don open requests for proposals under Cardano PRIME, move the initiative from ecosystem analysis go project selection. The applications dey target experienced teams wey fit build products and infrastructure wey dem identify say dey miss for Cardano DeFi.

PRIME dey presented as proposed 12-month program wey dey request 120 million ADA. The broader funding structure still get some parts wey dem must finalize through Cardano governance process.

PRIME Dey Find Teams We Go Fit Build for Cardano

Applications dey open to existing Cardano projects, independent development teams and established protocols from other blockchain ecosystems wey ready to deploy on Cardano.

Applicants must explain wetin dem intend to build, how much funding dem need and when each stage fit complete. Submissions must include technical scope, measurable KPIs and milestone dates. Projects wey involve new smart contracts also need realistic security audit plan.

Approved work go dey funded in stages. AlphaGrowth still plan to support product distribution through Cardano wallets, decentralized exchanges and lending markets, connect technical delivery with liquidity and user access.

RFPs Target Specific Cardano DeFi Gaps

AlphaGrowth don assess Cardano DeFi across 25 categories before. The application form now list 17 RFP categories, plus option make teams propose another product.

The priorities include EVM-to-Cardano bridge, wallet wey go serve Cardano and EVM users, eUTXO-native vault standards, curated lending and automated liquidity management. AlphaGrowth still dey find proposals wey cover yield-bearing stablecoins, an additional oracle, perpetuals and options, tokenized treasuries, on-chain credit, insurance and AI agent infrastructure.

Team wey propose bridge, for example, must provide the architecture, security model, budget and delivery schedule. E go also need explain how the product fit bring new capital enter Cardano instead of just move existing liquidity between local protocols.

Funding Dey Tie to New Liquidity

PRIME get stated target to attract $200 million in net-new, non-circular TVL. AlphaGrowth define this one as capital wey dey enter Cardano from outside sources, no be funds wey dem just redistribute inside the ecosystem.

As guide for individual grants, the company want make every dollar of funding support $50 in sustained TVL. The complete proposed budget still cover liquidity incentives, business development, marketing, administration and other program costs, so the ratio no apply directly to the full 120 million ADA request.

Applications dey reviewed on rolling basis, and no closing date dey listed for now. AlphaGrowth never disclose how many teams don apply. The next public indicators go be the projects wey dem select, the funding wey dem assign give dem and the delivery milestones wey attach to each approved proposal.