DeFi for the People Update: August 19, 2022

Hi Everyone,

Isha here from the Strategy, Research, and Innovation team at the Celo Foundation. Sharing this week’s 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. Toucan protocol launched on Celo last week and NCT (Nature based Carbon Tonnes) tokens are now available on Uniswap and Ubeswap
  2. Nikhil published a thought piece on DeFi’s role in Creating Regenerative economies. Read more here
  3. Nikhil hosted Twitter spaces with Cargo and Gamma on liquidity management on Uniswap. Listen here.
  4. Cargo protocol launched providing active liquidity management strategies on Uniswap v3 pools. Read more here
  5. Goodghosting launched a new Hodl savings pool for Celo. Read more here
  6. cLabs launched stCELO. Learn more about it 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: September
    • Finalizing 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: Sent over feedback to ReSource on index weightings
  • Gamma Strategies: August
    • Launched. Read about the launch here.
    • Discussing integrations
  • Cargo: August
    • Beta version launched. Try it here.
    • Discussing integrations
  • Toucan: Launched (in partnership with Climate Collective)
    • Seeded Uniswap v3 and Ubeswap liquidity
  • Chee Finance: launched
    • Discussing integrations
  • Double: August on testnet
    • Will try out interface starting next week
  • Crypto Research and Design Lab (CRADL): August
    • joining D4TP (working on MOU)
  • Warbler Labs (building Goldfinch):
    • Discussing cross-chain collaborations with Abacus and EthicHub
  • Popcorn Network
    • Discussing cEUR Ethereum pool from Curve
  • 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
  • Flow Carbon: TBD (in partnership with Climate Collective)

Here’s also an update on other major items:

  1. Aave community member is working on our risk methodology

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 (@ivcelol) and the Celo Discord, and happy to connect anytime. Thank you to everyone in the Celo community.

To prosperity for all,

Isha Varshney