Summary
Tezos launches DeFi Catalyst Accelerator in Singapore to support startups building DeFi applications on the Tezos blockchain. The program aims to nurture early-stage projects with distinct advantages for DeFi development. The launch coincides with renewed venture capitalist interest in the DeFi sector, with significant investments being made in various projects. In January 2024, DeFi received approximately 19% of crypto venture capital funding.
Key Points
1. Tezos has launched the DeFi Catalyst Accelerator (DCA) in Singapore to nurture early-stage startups building innovative decentralized finance (DeFi) applications on the Tezos blockchain and its Etherlink Layer-2 rollup.
2. The DCA cohort includes five teams focusing on stablecoin design, on-chain exchanges, cross-border remittances, payment solutions, and simplified DeFi investing, leveraging the advantages of speed, security, low fees, and compatibility with Ethereum-based tools offered by Tezos and Etherlink.
3. The launch of the DCA coincides with renewed venture capitalist interest in the DeFi sector, with significant investments being made in crypto projects, indicating a growing trend of support and resources being provided to promising startups in the space.