A powerful trifecta of renowned blockchain brands have teamed up to launch a new accelerator program that set out with the objective to discover and support some of the most innovative DeFi apps in the industry today.
The DeFi.org accelerator supports projects that build upon the tenets of community ownership, fair distribution, sustainable economics, innovation, and interoperability across protocols. It is collaborating with Polygon, a development platform for the pursuit and advancement towards Web3, and Orbs, a POS public Layer 3 blockchain that brings an extra layer of sophistication to EVM smart contracts.
Polygon and Orbs perfectly complement each other as a Layer-2 and Layer-3 architecture with Polygon focusing on cross chain interoperability, while offering developers scalable competitively priced and secure development of blockchain products and Orbs adding another depth to Layer 2 and Layer 1 based apps.
The 100 entrants to the accelerator program are those that are building on the Polygon ecosystem, with special consideration to those participants using Orbs’ Layer-3 infrastructure. maximize the potentiality and usability of their products to bring superior liquidity, speed, and sophisticated operability to their dApps. From these applicants, four were picked after rigorous interviewing processes, followed by product reviews and deep due diligence. All entrants boasted products at different stages of development.
Participants will benefit from mentorship, funding opportunities, and market exposure to the communities at Polygon, Orbs and DeFi.org.
The program winners
The winners, picked by DeFi.Org, are Ithil, an undercollateralized leverage investment protocol providing risk-diversified strategies, Prophet, a marketplace for automated DeFi investment strategies, which is secure and non-custodial, CURL, a synthetic liquidity protocol that combines Layer-1 assets and transitions them into Layer-2 assets for use across networks and reBaked , which is crowdbuilding Web3 DAO products.