DeFi for the People Update: August 26, 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. Masa launched its soulbound identity protocol on Celo’s Alfajores Testnet. 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: September
    • Launched soulbound identity protocol on Celo Alfajores
    • Will be working on a co-marketing piece on Masa’s technology and vision development
  • Symmetric v2: August
    • Discussing ReFi index: Sent over feedback to ReSource on index weightings
    • Discussing cGreen with Climate collective
  • 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: Launched on testnet
    • Trying out interface starting next week
  • Crypto Research and Design Lab (CRADL): September
    • joining D4TP (working on MOU)
  • Warbler Labs (building Goldfinch):
    • Working on cross-chain collaborations with Abacus and EthicHub
  • Popcorn Network
    • Discussing cEUR Ethereum pool from Curve (team currently on vacation)
  • 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
  2. Discussing potential partnerships with African DeFi Alliance
  3. The Celo Foundation is excited to announce #BuildWithCelo, a global hackathon that invites value-aligned founders and builders to design and ship their best ideas on the Celo blockchain
  4. Hosting a happy hour with the newly formed Uniswap Foundation on Thursday, at the Celo Foundation office in SF.

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


No update for two weeks.

1 Like

@kalatsong - thank you for being a regular reader. We should have one up soon