{"id":108078,"date":"2021-01-11T18:58:53","date_gmt":"2021-01-11T18:58:53","guid":{"rendered":"https:\/\/precoinnews.com\/?p=108078"},"modified":"2021-01-11T18:58:53","modified_gmt":"2021-01-11T18:58:53","slug":"binance-and-orbs-sponsor-new-accelerator-for-defi-startups","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/binance-and-orbs-sponsor-new-accelerator-for-defi-startups\/","title":{"rendered":"Binance and Orbs sponsor new accelerator for DeFi startups"},"content":{"rendered":"

Orbs, an Israeli blockchain company building a public blockchain infrastructure project, and Binance, announced Monday the launch of a new accelerator for the DeFi ecosystem.<\/p>\n

Named DeFi.org, the accelerator focuses on supporting research and development of open-source software and community development in the DeFi space. The accelerator will evaluate projects based on their innovativeness and composability within the space, as well as principles of fair distribution, community ownership, sustainable economics and a sound approach to risk management.<\/p>\n

Participants receive benefits including mentorship, opportunity for funding and exposure to the market and DeFi community. The accelerator\u2019s mentors initially include veterans of the Orbs team, with Binance team members expected to join soon. Additional mentors from different backgrounds are being recruited as well.<\/p>\n

In line with the sponsorship, startups will have additional consideration if they are willing to apply for participation in Binance\u2019s \u201cBridging DeFi and CeFi\u201d program or the Orbs Grant Program. The wider accelerator program is nonetheless blockchain agnostic, and allows anonymous developers to participate as well.<\/p>\n

The sponsorship also marks an upcoming transition to DeFi for the Orbs project. One of the accelerator\u2019s mentors is Tal Kol, technical co-founder of Orbs. According to the team, he led efforts to research and develop DeFi protocols in-house. Orbs has previously focused on enterprise adoption, but its proof-of-stake consensus algorithm is using an Ethereum-based token to represent value, making DeFi integrations easier than with most other layer-one blockchains.<\/p>\n

Nonetheless, the DeFi.org accelerator is as of yet missing well-known players and founders in DeFi among its participants. Competition for hosting DeFi projects on non-Ethereum blockchains is fierce, as a multitude of competitors promise faster blockchains and support. Nonetheless, some believe DeFi activity will remain confined within the Ethereum ecosystem.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Orbs, an Israeli blockchain company building a<\/p>\n","protected":false},"author":3,"featured_media":108077,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nBinance and Orbs sponsor new accelerator for DeFi startups - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/binance-and-orbs-sponsor-new-accelerator-for-defi-startups\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Binance and Orbs sponsor new accelerator for DeFi startups - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Orbs, an Israeli blockchain company building a\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/binance-and-orbs-sponsor-new-accelerator-for-defi-startups\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-11T18:58:53+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/01\/ccryptafotoce07d8d1-0349-44f6-adf3-8b773400d6dc.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/binance-and-orbs-sponsor-new-accelerator-for-defi-startups\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/binance-and-orbs-sponsor-new-accelerator-for-defi-startups\/\",\"name\":\"Binance and Orbs sponsor new accelerator for DeFi startups - 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