Balancer Labs initiated the first batch of ecosystem fund grant proposals, which will allocate 100,000 BAL tokens to multiple projects and teams that develop and contribute based on Balancer. The future funding scale may be even smaller, about 50,000 BAL tokens. Balancer Labs will vote on this proposal at 16:00 UTC on July 27th. The voting will last for 24 hours and will end at 16:00 on July 28th. The Balancer development team stated that the goal of funding a total of 5 million BAL tokens is to attract and motivate strategic partners/stakeholders, which will contribute to the development and prosperity of the Balancer ecosystem.