The grant has been provided to improve the onboarding experience for traders, the Free Deposit Program covers gas fees on deposits above USD 20 from Ethereum and other L2 chains. Over the past three months, the program enabled USD 67M in subsidized deposits, helping reduce friction for both new and existing users.

This grant provides Farsight with a $250,000 USDC loan to expand their solver liquidity, solely for the purpose of fulfilling user deposit intents to the dYdX Chain as part of the dYdX Deposit Fee Subsidy Campaign.