JellySwap are the latest recipient of an Algorand Foundation Grant

September 8th, 2020 - Since the Algorand Foundation launched its Grant Program this year, many developers and innovators around the world have been eager to participate. After thorough review and selection, we are delighted to announce that JellySwap has received an Algorand Foundation Grant, to make it easier for Algo token holders to quickly and seamlessly exchange their tokens for the tokens of other blockchains.

JellySwap is a cross-chain atomic swaps protocol that supports different blockchains. The main goal is to allow everyone to seamlessly swap the underlying assets of multiple heterogeneous blockchain networks and to provide liquidity in a permissionless, borderless, secure, and non-custodial manner.

“We are actively working on the trustless bridge between ALGO<>ETH and ALGO<>BTC”, said Tito Titov, CEO of JellySwap. “The bridge should be available on mainnet at the end of October.”

“We are delighted to support JellySwap’s grant application,” said Sean Lee, CEO of the Algorand Foundation. “Algo holders will now be able to take advantage of JellySwap’s innovative P2P approach to easily exchange tokens across platforms.”

Algorand Foundation is proud to support this project with funding through the Algorand Foundation Grant program. For more information on JellySwap specifically, please read their blog or visit their website. If you are interested in submitting a project for support from the Algorand Foundation Grant program, please apply here.