DeFi for the People Update: August 05, 2022

Hi Everyone,

Isha here from the Strategy, Research, and Innovation team at the Celo Foundation. This week it’s my pleasure to share the status update on the DeFi for the People program

For context, DeFi for the People supports project launches through the following ways:

  1. Grant/liquidity incentives
  2. Security audit by the Celo Foundation
  3. Usability review and testing
  4. Co-marketing (Medium announcement, Twitter spaces, etc.)

Updates From this Week

This week we had a few major announcements:

  1. O3 Swap v2 launched on the Celo blockchain on Aug 4, enabling interoperable liquidity. Learn more here. We’ll be hosting a Twitter spaces in the upcoming weeks.
  2. Gamma launched on the Celo blockchain on August 4 as part of ReFi Summe bringing capital efficiency via concentrated liquidity AMM. Learn more here. We’ll be hosting a Twitter spaces in the upcoming weeks.
  3. Voting has started for our gauge proposal with Angle Protocol on Curve Finance to add Euro Pool (cEUR/agEUR/EUROC). Learn more here

Upcoming Launches

See below for the latest anticipated launch dates below. Please note, however, that these are subject to change based on developer timeline updates, security audit feedback, and other general market conditions. We’ll keep you all updated as any items in this list change, as well as new launches.

  • Revo: August

    • Finalizing incentives
  • EthicHub: August

    • Launched
    • Deployed incentives
  • Masa: August

    • Will be working on a co-marketing piece on Masa’s technology and vision development
  • Symmetric v2: August

    • V2 and DeFi index launched
    • Discussing ReFi index
  • Cargo: August

    • Launched beta version and currently testing; will launch full version after
  • Gamma Strategies: August

  • Flow Carbon: August (in partnership with Climate Collective)

  • Toucan: August (in partnership with Climate Collective)

  • Chee Finance: August

    • Joining D4TP
  • Double: August on testnet

    • Getting an update from the team next week
  • Crypto Research and Design Lab (CRADL): August

    • joining D4TP (working on MOU)
  • Warbler Labs (building Goldfinch): August

    • Hosting Twitter spaces with Mercy Corps Ventures and a16z week of August 8
    • Discussing Ethereum collaborations
  • Popcorn Network

    • Discussing Ethereum pools
  • Umoja/Emerging Impact: August

    • Discussing partnership opportunities and Celo Foundation support
    • Discussed collaboration for Q4 lending pilot
  • Socialstack

    • Discussing partnership opportunities around their upcoming social campaigns

Here’s also an update on other major items:

  1. Aave community member is working on our risk methodology
  2. Discussing cross chain DeFi tooling with the Abacus and Goldfinch team
  3. Twitter Spaces with EthicHub scheduled for August 10 to discuss their recent launch on Celo

If you are a DeFi builder who has launched on Celo or are launching soon, please reach out to discuss joining the Celo DeFi Consortium. Similarly, please reach out or comment if you have any follow up questions or concerns. I’m also available on Twitter (@ivcelo) and the Celo Discord, and happy to connect anytime. Thank you to everyone in the Celo community.

To prosperity for all,

Isha Varshney