ChainCatcher news, according to official sources, the Conflux Foundation has announced the launch of an incentive program to promote the development of the PayFi ecosystem on Conflux.The Conflux Foundation will inject $500 million from the ecological fund to support the growth of PayFi technology stack components.

ChainCatcher news, according to official sources, the liquidity staking protocol SHUI, incubated by BlockBooster in the Conflux ecosystem, has completed its seed round financing, led by BlockBooster with participation from Conflux Foundation. This financing will support the development of the SHUI project and further enhance the infrastructure of the Conflux ecosystem.It is reported that SHUI is a liquidity staking protocol based on Conflux, allowing users to earn rewards without locking their assets. Currently, the protocol's TVL has exceeded 2.5 million USD.