26 July 2022 – Tel Aviv, Israel
Polygon, a layer 2 scaling solution, after announcing the launch of a special DeFi accelerator program in MayPartners with layer 3 blockchain infrastructure solution Orbs and community-driven DeFi accelerator platform DeFi.org We selected 4 program participants from the applicants.
The accelerator program is designed to support potential DeFi projects that utilize Polygon’s Layer 2 capabilities alongside Orbs’ Layer 3 infrastructure as the DeFi ecosystem prepares for the DeFi 2.0 revolution. .
In that regard, the program had almost 100 entries, with each project at various stages of development. While most of the projects presented novel concepts and ideas, there were also a few that showcased his DeFi ingenuity, strong technical foundation and tight-knit team that showed promise.
After a vigorous review, live interviews, and due diligence process, DeFi.org mentors have selected Ithil, Prophet, CURL, and reBaked for the first installment of their DeFi accelerator program. Selected projects will benefit from several benefits, including access to funding opportunities, exposure to the Polygon, Orbs and DeFi.org communities, and mentorship.
Each of these projects aims to extend DeFi’s capabilities. In this regard, Ithil helps investors establish exposure to diverse strategies across the protocol using their own or borrowed funds. The platform’s modular structure makes it an open-box financial solution with one-click access to a wide range of customized investment products.
The next project, Prophet, aims to establish itself as a marketplace for automated DeFi investment strategies. The platform works to lower the DeFi barrier to entry by providing users with a one-click solution to invest in his entire complex DeFi strategy. Through the Prophet platform, users can invest in pre-built strategies, list their strategies and earn commissions from investors who use them.
CURL, on the other hand, is a centralized synthetic liquidity protocol that combines the attributes of Curve and OlympusDAO via a dual-token model. The protocol seamlessly centralizes synthetic liquidity across multiple Layer 2 networks while allowing liquidity providers to earn curve-style rewards.
The platform also facilitates the issuance of layer 2 synthetic assets for each layer 1 asset, helping to overcome liquidity fragmentation issues while improving user experience.
Finally, we have the reBaked project. It develops a set of governance, management and operational tools for DAO and Web 3.0 ecosystems for better and more efficient distribution and management of finance and value creation.
Through reBaked infrastructure, Web 3.0 projects can efficiently achieve shared goals. This includes faster deliverables, stronger community ties, better decentralization, and more valuable returns for stakeholders.
The DeFi.org Accelerator will bring research, open source software development, community Supports participation in
Developed for Web 3.0, Polygon’s blockchain development platform provides a scalable, affordable, secure and sustainable solution for DApps operating in the Web 3.0 arena. Our ever-growing product suite gives developers access to leading scaling solutions such as Layer 2 (ZK Rollup and Optimistic Rollup), Sidechains, Hybrid Chains, Standalone Chains, and Enterprise Chains.
About the orb
Orbs is a decentralized public blockchain infrastructure with proof-of-stake (PoS) consensus run by permissionless validators. Orbs establish another execution layer (Layer 3) that powers EVM smart contracts via interoperability with EVM-compatible blockchains and a decentralized network of nodes.
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