Blockchain firm Orbs, Binance partner to launch DeFi accelerator

Orbs, an blockchain platform based in Israel, and Binance, a cryptocurrency exchange, announced that they are partnering to facilitate innovation in the decentralized finance (DeFi) area by serving as the first core sponsors of the DeFi.org Accelerator, launching new projects and DeFi protocols.

The DeFi.org Accelerator is foucused on supporting research, development of open-source software, and community engagement. The Accelerator searches for projects that are based on the principles of fair distribution, community ownership, innovation, responsible approach to risk, sustainable economics and composability with the broader ecosystem.

DeFi.org Accelerator participants get all kinds of benefits, including mentorship, funding opportunities, and market exposure. In addition, the participants will obtain special consideration if they apply for participating in Binance's seed fund for Bridging DeFi and CeFi or receiving a grant under the Orbs Grant Program.

The mentors of DeFi.org work in the areas of Product/UX, cryptoeconomics, solidity, front-end development, and community/marketing. 

Orbs and Binance are thrilled to work together to create innovation and drive the DeFi ecosystem forward and invite the entire blockchain ecosystem to consider joining the Accelerator as co-sponsors or mentors.