DeFi and Infrastructure Bounty Child Bounties Update — September 2024
- Juan Ochoa
- Aug 12, 2025
- 3 min read
We’re back and excited to give you an update with regards to the DeFi and Infrastructure Bounty that Velocity Labs has been running alongside curators from Novasama, Hydration, Centrifuge, Moonbeam, Acala and Giotto. More information about it here.
We have managed to get high quality integrators that will surely enhance the DeFi ecosystem in Polkadot, as well as provide wider accessibility to the space.
Type: Oracle Provider
Deliverable: Integrate Hydration’s Omnipool and Bifrost DEX trade data to include into DIAs price feeds
Child Bounty Size: $119,250
Ecosystem Benefit: Better price feed support across the ecosystem. DIA is one of the most present oracle providers both in and outside of the Polkadot ecosystem. One of the biggest blockers to DeFi on Polkadot has been the lack of price feed support by Oracles for native Polkadot assets. This bounty is funding DIA’s work to include Hydration’s Omnipool as a price source. DIA will be able to incorporate that trade data into the price feeds that they already offer, as well as add price feed support to new assets that are being traded within it. A second bounty milestone involved the development work for DIA to include Bifrost’s DEX for price feed data of vTokens into their oracle solution. This will allow apps such as Money Markets to incorporate additional Polkadot native assets as lend and borrow assets, something that hasn’t been enabled to date with the exception of DOT and GLMR. The total amount requested also includes the subsidy for DIA to continue ingesting these price feeds for a period of 2 years.
Status: Under Development
Type: On/Off Ramp provider
Deliverable: Asset Hub integration (support enabled for DOT, USDC and USDT)
Child Bounty Size: $20,000
Ecosystem Benefit: thanks to Alchemy Pay, there is now a wider on/off ramp optionality from different venues and geographies. both for users and developers. On top of their offerings towards the US/EU markets, Alchemy Pay has a strong footprint on both the APAC and LatAm region. This will help us reach a wide range of users to the Polkadot ecosystem with their preferred local currencies and payment providers.
Status: Delivered and Paid
Type: Tooling
Deliverable: Implementation of Snowbridge Polkadot → Ethereum flow
Child Bounty Size: 16,800 EUR
Ecosystem Benefit: The Kilt team was interested in having their native parachain token (substrate native) bridged over to Ethereum. This flow was not supported by Snowbridge at that time, so the Kilt team decided to take the effort into their own hands and build an implementation for it. This implementation is now available for any parachain to use. Given that the initial beneficiary of this will be the Kilt ecosystem, they proposed the Bounty to cover 50% of the engineering costs of this development and the KILT team would cover the other 50%.
Status: Delivered
Type: Centralized Exchange
Deliverable: Integration of USDC on Polkadot via Asset Hub
Child Bounty Size: $80,000
Ecosystem Benefit: one of the first Child Bounty awardees in June, Kucoin continues to advance the adoption of Polkadot, this time with the integration of USDC to their token offering. Part of the integration fee that was agreed with them will be going to some marketing campaigns, in order to reward users for depositing and using USDT/C on the KuCoin platform. We’ve also worked with their technical team to further improve their technical implementation to now support deposits coming from Proxys or Multisigs.
Status: Delivered
Type: On/Off Ramps
Deliverable: Integrating Asset Hub and supporting USDC, USDT and DOT for their magic ramps
Child Bounty Size: 150,000 EUR
Ecosystem Benefit: Harbour’s Magic Ramp is an SDK designed for Web3 developers, allowing them to integrate personalized IBANs into Web3 wallets and dApps. This enables seamless, real-time, and low-cost transfers between bank accounts and blockchains. By simplifying the user experience, Harbour will play a key role in onboarding new users to the Polkadot ecosystem.
Status: Under Development
Type: On/Off Ramps
Deliverable: Providing API endpoints for DEXs pm Asset Hub and parachains
Child Bounty Size: 136,800 USD
Ecosystem Benefit: Dip Dup will equip developers on Polkadot with real-time market data powered by Dexscreener, enabling them to display price charts and trading history for DEXs across the Polkadot ecosystem. This will enhance the user experience with up-to-date trading insights.
Status: Under Development
We’re extremely excited and grateful for the positive response the Bounty has been getting thus far. We are confident that all the advancements made will make a huge difference on Polkadot’s DeFi ecosystem.
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