The Stellar Development Foundation has launched a $10 million incentive program for Soroban through the Stellar Community Fund. Soroban is a new smart contract platform built for Stellar, and the incentive program is designed to support developers trying to develop applications based on Soroban, including tools, DeFi, DApps, and educational resources focused on Soroban. Foresight News previously reported that smart contract platform Soroban announced in October 2022 that it had received $100 million from the Stellar Development Foundation for development on the Stellar network. Soroban will distribute funds to developers of tools and products for the Soroban ecosystem through incentive programs such as Sorobanathon: First Light.