DeFi for the People Update: July 29, 2022

Hi Everyone,

Nikhil 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. Isha led a Twitter Spaces with Zeroswap to discuss their recent launch. Listen to the recording here
  2. Isha led Twitter Spaces with Supra Oracle as part of the ReFi Summer AMA series. Listen to the recording 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
    • Deploying incentives and support
  • 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
  • Curve: August
    • Putting up the cEUR gauge vote up week of August 1
  • 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 week of August 1
  • O3 Labs: August
    • Launching week of August 1
    • Discussing collaboration opportunities
  • Crypto Research and Design Lab (CRADL): August
    • joining D4TP (working on MOU)
  • Warbler Labs (building Goldfinch): August
    • Hosting Twitter spaces with Mercy Corps Ventures 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 team

Celo DeFi Consortium Call

Each month the Celo Foundation convenes a call for DeFi projects on Celo to:

  1. Elevate awareness of DeFi to the Celo Foundation
  2. Collaborate and share resources
  3. Better integrate projects
  4. Respond to and resolve key issues

This is a closed private conversation given the sometimes sensitive topics brought up. The Celo Foundation convenes the call, puts together an agenda based on input from others, and moderates the conversation. The call, topics, and final decisions are governed by the DeFi builders, not the Celo Foundation. New members are added following approval by existing DeFi Consortium members—primarily based on active participation in the Celo ecosystem and launch/close to launch on Celo. We held our July call last week where we discussed the following action items/next steps:

  • Creating a private Discord channel to facilitate collaboration between projects
  • Creating a repository with DeFi project contact info, asks/requests for support, and documentation and resources that others can refer to
  • Recent project updates and launches. These include:
    • GoodGhosting v2 launch
    • Dapplooker dashboarding support
    • Gamma and Cargo working on Uniswap v3 liquidity management
    • Symmetric working on new index tokens
    • EthicHub token listing
  • Getting additional aggregator support and adding Celo-based DEXs to aggregators including Swappa and 0x

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

Nikhil Raghuveera