This Week in DeFi – October 15

To the DeFi community,

This week, Sushiswap and Celo announced a partnership to bring $12.6 million in liquidity mining rewards to Celo’s mobile-first user base, with rewards going live at 4pm ET on October 14. The partnership also launches with support from Optics, an L2 token bridge that will now allow users to bridge from Polygon to Celo without needing to route through Ethereum (while offering withdrawal capabilities to Ethereum as well).

1/ Sushi is stoked to partner with @CeloOrg to bring the promise of DeFi to more than 6 billion smartphone users around the world, with $12.6M of joint liquidity mining rewards in both $CELO and $SUSHI

Read more here:https://t.co/3q3fEj45rd

— SushiChef (@SushiSwap) October 13, 2021

Dubai-based Morningstar Ventures announced a $15 million investment in Elrond, to provide support to founders and builders working within the Elrond ecosystem. Funds will also be used to set up an Elrond Incubator based in Dubai, with an eye towards growing Elrond use in the UAE and the rest of the Middle East.

Calling all builders!

A $15M USD battlechest with strategic support from the new @ElrondNetwork Dubai incubator by @Morningstar_vc is calling out to exceptional builders.

It’s time to build. https://t.co/hOLSCjYQUj

— Lucian Mincu (@LucianMincu) October 13, 2021

pNetwork presented plans for V2, enabling enhanced cross-chain and cross-L2 transfers of both assets and data messages, employing a unified infrastructure layer to route between chains as opposed to the current one-lane pToken bridges between individual chains. Postman will do the same but with smart contract data, allowing assets like NFTs and oracle data to more easily be transferred throughout the crypto ecosystem. 

If you’re just coming on board our #DeFi steamboat, you should know that there is much to be excited about. 🚢🚀

🦜 Here is an overview of what’s coming with #pNetwork v2: 👇https://t.co/jdO7Ow8WFZ #pTokens #crosschain