DeFi.org selects winning participants joining its Orbs-Polygon DeFi accelerator program
Led by layer-2 scaling solution Polygon and layer-3 infrastructure provider Orbs, DeFi.org launched a special DeFi accelerator program in May 2022. After almost two months, the DeFi.org mentors have revealed the names of the winning projects chosen to spearhead the next wave of DeFi innovation.
The “special round” was designed to empower innovative DeFi projects leveraging both Polygon and Orbs’ infrastructure, aligning with DeFi.org’s core fundamentals of fair distribution, community ownership and governance, innovation, risk management, sustainable economics, composability, and interoperability.
Following intensive scrutiny, live interviews, and due diligence processes, the DeFi.org team, in conjunction with Orbs and Polygon, has chosen Ithil, reBaked, CURL, and Prophet as the winners from a pool of more than a hundred promising projects and ideas.
Although most of the participating projects displayed high-level DeFi ideas, concepts, and innovation, the four selected projects were deemed to command the right balance of impressive DeFi ingenuity, a solid technical foundation, and a strong team.
Each of these projects will gain special access to several benefits, including mentorship and assistance from DeFi.org’s mentors, liquidity injections, funding for bootstrap expenses, exposure to existing DeFi players and communities, and a featured listing on the official DeFi.org website along with other select venues during launch.
The New Faces Of DeFi 2.0
One of the selected projects is Ithil, a DeFi solution designed to let users execute complex strategies using personal or borrowed funds across different external protocols in just a few clicks. In addition to providing single-sided APY, it enables users to access leveraged interaction-based one-click investment strategies via its modular structure. Users can also create their own customized investment portfolio employing various risk-diversified strategies within the platform.
The next project, reBaked, aims to simplify the deployment process and management of Web3 and DAO ecosystems. As an end-to-end infrastructure solution, reBaked aims to help Web3 ecosystems achieve shared goals by leveraging its pre-built collaboration mechanisms, revenue sharing agreements, growth tools, and governance infrastructure. The platform offers diverse solutions, including a reverse Web3 launchpad, decentralized grant governance and DAO payroll solution, an advanced hackathon platform, and an in-game revenue sharing mechanism for P2E games.
Then there’s CURL – a concentrated synthetic liquidity protocol for all layer-2 synthetic assets. The platform merges curve-style liquidity pooling with the feature of issuing universal synths to represent weighted exposure to the underlying synthetic assets. By design, CURL intends to integrate DeFi’s fragmented liquidity, enable anyone to generate a similar layer-2 synth for every underlying layer-1 asset, and deliver a balanced risk-return for its liquidity providers.
Finally, there’s Prophet – a decentralized marketplace of automated DeFi investment strategies. The platform aims to lower DeFi’s entry barriers by allowing users to access a range of community-listed investment strategies that would otherwise take hours to build. Anyone can list their strategy on the Prophet marketplace and receive a management fee when other users deploy the strategies.