Two new projects will be launched by Fully Homomorphic Encryption (FHE) Layer 2 Fhenix to accelerate adoption of its growing ecosystem, according to the latest announcement. For developers and projects interested in using Fhenix L2, dual grant and incentive programs have been set up to provide incentives and assistance.
To encourage researchers to explore the potential of Fully Homomorphic Encryption for confidential computing, the Fhenix Grant Program has been established. Developers working on the FHE infrastructure or planning to release confidential apps onchain are eligible to apply for the initiative, which is currently accepting applications.
Fhenix is looking for projects that provide critical tools for handling data secured by Fully Homomorphic Encryption and generate unique use cases. To receive funding to help develop their solution, eligible grantees must specify critical results, key performance indicators and project milestones in their applications.
Projects can now start the application process on the dedicated grant page of Fhenix.io. The Fhenix team will thoroughly review all grant applications and, if necessary, contact the projects to request clarification. Proposals for larger-scale initiatives aimed at improving confidentiality in the chain using FHE are being considered for the funding programme.
In addition, there is a bounty program that works in conjunction with the Fhenix grant program to provide funding for more targeted, smaller initiatives. You can find a list of all current bounties on the Fhenix.io bounty page, along with an explanation of what each bounty entails. At the end of each project, the Fhenix team will try to assign the most qualified participants to each bounty, and those who were successful will receive the corresponding bounty reward.
Using Fhenix’s grant and incentive programs, more developers can learn about the EVM-compatible L2 and create use cases that leverage FHE. The process highlights the various apps with confidentiality that use Fully Homomorphic Encryption.