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Celo: Launches $100m fund to support DeFi adoption

Celo: Launches $100m fund to support DeFi adoption

  • Celo is a mobile-first blockchain optimized for peer-to-peer payments using only a mobile number
  • A consortium of leading Ethereum decentralized finance (DeFi) protocols and projects announced DeFi for the People
  • The new initiative counts Aave, Curve, Sushi, PoolTogether, 0x, UMA, Valora, Ubeswap, and Moola Market among its founding partners
  • This new program will offer more than $100 million in educational initiatives, grants, and incentives
  • The majority of program participants will jointly contribute half the funds for incentive program
  • DeFi has experienced explosive growth in recent years, but has yet to gain widespread adoption
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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