About two months ago, the DeFi.org Accelerator launched a special DeFi round led by Polygon and Orbs. This round focused on building defi applications that utilize Polygon’s L1/L2 capabilities and Orbs’ L3 infrastructure.
The combination of L1/L2 on Polygon and L3 on the Orbs network presented a unique and exciting opportunity for new and innovative DeFi applications.
All in all, DeFi.org received almost 100 project applications at various stages of development.
Most of the submissions demonstrated interesting ideas and concepts, and some showcased impressive DeFi ingenuity, solid tech and a strong team. However, after an intensive review, live interviews and due diligence process, the DeFi.org mentors team chose the 4 winning projects to participate in this round.
And so, here are the winners in no particular order…
Ithil — the one-stop DeFi protocol
Ithil is a novel DeFi protocol that allows a boosted exposure to a variety of strategies with selected, trustworthy protocols using own and/or borrowed funds.
Learn more: https://ithil.fi/
Prophet — Invest into complex defi strategies with 1-click
Prophet is a marketplace for automated defi investment strategies. You can take part in funds with one click and get expose to strategies that would take hours or days to build. You can also list your own strategies and receive a management fee from those who take part. Learn more
CURL — Synthetics Homogenized
CURL is a protocol for concentrating synthetic liquidity on various L2 networks while enabling LPs earn curv-style rewards. Think, madUSDT vs multiUSDT, etc. CURL enables issuance of a universal synth reverting the process of liquidity fragmentation.
Learn more: https://curldao.com/
reBaked — Crowd Building the Web 3.0 Economy
reBaked is building a set of governance, management, and operations tools for DAOs and Web 3.0 ecosystems to better distribute and manage their treasuries- focusing on value creation.
Learn more: https://www.rebaked.com/
The DeFi.org accelerator is dedicated to supporting research, development of open-source software, and community engagement sponsored by its founding sponsors: the Orbs project, Binance and Moonstake. The accelerator looks for projects that are built on the principles of fair distribution, community ownership, innovation, responsible approach to risk, sustainable economics and composability with the broader ecosystem.
Participants get a variety of benefits, including mentorship, funding opportunities, and market exposure.
Polygon’s scaling solutions have seen widespread adoption with 19,000+ decentralized applications hosted, 1.6B+ total transactions processed. 142M+ unique user addresses, and $5B+ in assets secured. Polygon is carbon neutral with the goal of leading the Web3 ecosystem in becoming carbon negative.
Orbs is a public blockchain infrastructure executed by a decentralized network of permissionless validators using Proof-of-Stake (PoS) consensus.
Orbs’ unique features designed for interoperability with EVM-compatible blockchains, together with its decentralized network of nodes, allow it to be set up as a separate execution layer (“L3” ) operating to enhance the capabilities of EVM smart contracts. By working in conjunction with other L1 and L2 solutions as part of a tiered blockchain stack, Orbs opens up a whole new spectrum of possibilities for DeFi, NFT, Metaverse and GameFi.