July 26, 2022 – Tel Aviv, Israel
After announcing the launch of a special DeFi accelerator program in May, layer two scaling solution Polygon in partnership with layer three blockchain infrastructure solution Orbs and community-led DeFi accelerator platform DeFi.org has selected four program participants from a field of applicants.
The accelerator program is designed to support potential DeFi projects that utilize Polygon’s layer two capabilities alongside Orbs’ layer three infrastructure to unlock new opportunities and use cases as the DeFi ecosystem prepares for the DeFi 2.0 revolution.
To that extent, the program received almost 100 entries, wherein each project was at different stages of development. Most of the projects demonstrated novel concepts and ideas but a few showcased promising DeFi ingenuity, strong technical foundations and well-knit teams.
Following intense rounds of reviews, live interviews and due diligence processes, DeFi.org mentors have selected Ithil, Prophet, CURL and reBaked for the first installment of its DeFi Accelerator program. The selected projects will receive several benefits, including access to funding opportunities, exposure to Polygon, Orbs and DeFi.org communities and mentorship.
Each of these projects endeavors to expand the capabilities of DeFi. To this extent, Ithil works to help investors establish exposure to a diverse range of strategies across protocols using their own or borrowed funds. The platform’s modular structure makes it an open-box financial solution for one-click access to different tailored investment products.
The next project, Prophet, aims to position itself as a marketplace for automated DeFi investment strategies. The platform works to lower DeFi’s entry barriers by granting users a one-click solution for investments across complex DeFi strategies. Through the Prophet platform, users can invest in pre-built strategies and also list their strategies to earn a commission…
