Crypto exchange heavyweight Huobi Global has reportedly put out two announcements, detailing its initiative to take up a more crucially involved role, regarding the development of the Polkadot network. 

Specifically, the Seychelles-headquartered exchange reportedly revealed specific information of its Polkadot Sponsorship program, together with a $5 million Tether stablecoin fund from the Huobi Innovation Lab, as a bid to financially assist  “developers, event organizers, content creators, and ambassadors”, across the Polkadot ecosystem.

The Sponsorship program reportedly enabled recommendations of different Polkadot initiatives to put up on listings, throughout the “Polkadot ecological zone”, a particular area dedicated to asset listing of the Huobi exchange. 

Sponsors will reportedly further receive an invite to Huobi’s annual conference and offline events. 

It is mandatory for sponsors to possess a particular level of interest towards the success of Polkadot, to qualify for applying. The lowest required sum reportedly includes 300,000 DOT tokens (more than $1.5 million). 

50% of said sum reportedly needs to be locked with Huobi as asset certificates.

Huobi’s development reportedly resembles two announcements put out by Polkadot on December 3rd, detailing the release of an alliance dedicated to DeFi, having oracle provider Chainlink and layer-two network Plasm as its members. 

The infrastructure and ecological investments surfaced following Polkadot creator Gavin Wood remarks regarding the co-existence of Polkadot and Ethereum, where he argued against the concept of only one layer-1 protocol can be established.