DeFi for the People Update: September 16, 2022

Hi Everyone,

Isha here from the Strategy, Research, and Innovation team at the Celo Foundation. Sharing another 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. stCelo can now be used on the Celo mainnet to actively participate on the Chee Finance. Lean more here
  2. Nikhil hosted a Twitter spaces with O3 Swap to discuss cross-chain trading Listen here.
  3. Symmetric team has submitted an on-chain proposal to be recognized as the official Balancer deployment on Celo. Learn more here
  4. Isha attended the CoinbaseGiving Social Impact event in DC yesterday highlighting real world DeFi use cases built on Celo.

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: October
  • 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: September
    • Discussing ReFi index - end of month launch
    • Discussing cGreen with Climate collective
  • Cargo: August
    • Launched. Read about the launch here.
    • Working on Uni v3 incentives tool
  • Chee Finance: Launched support for stCELO
  • Double: Launched on testnet
  • LayerZero: October
    • Testing interface
  • GammaSwap: October
    • Discussing integrations
  • Neutral: December
    • Discussing partnership opportunities
  • Cred Protocol
    • Discussing partnership opportunities with Celo dapps
  • 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
    • Discussed collaboration for Q4 lending pilot
  • Socialstack
    • Discussing partnership opportunities around their upcoming social campaigns
  • Untangled Finance
    • Working on acquiring anchor capital for debt investments
  • Flow Carbon: TBD (in partnership with Climate Collective)
  • DeFi Labs
    • Discussing partnership opportunities

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 team with be presenting at Eth Safari next week and Isha will be hosting a panel on ‘ReFi economy through DeFi in Africa’

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

5 Likes

so cool. A long way with Celo

1 Like