Maelstrom, the crypto venture capital led by BitMEX Co-founder Arthur Hayes, today unveiled its grant program to support Bitcoin developers.

“Maelstrom, like other companies in the space, indirectly relies on the work of open-source Bitcoin developers,” the company said on its website. “We are therefore keen to give back and donate to the Bitcoin technology, on which the crypto ecosystem depends.”

The website says the grant program aims to help boost Bitcoin’s technical development as well as its resilience, scalability, censorship resistance and privacy. 

The amount of grants range from $50,000 to a maximum of $150,000 per applicant, and will be issued across 12 months in monthly installments in BTC, USDC or USDT. Recipients are expected to contribute to Bitcoin's technical …