Binance and Orbs To Boost New DeFi Projects

Binance has partnered up with Orbs in order to launch a new DeFi accelerator named DeFi.org.

Orbs is an Israeli company that is building blockchain infrastructure for the general public – and Binance is one of the largest crypto exchanges out there, well-known for an extensive list of trading pairs.

Supporting Open-Source Software

The project will focus on singling out DeFi projects interested in the research and development of open-source software that can benefit the crypto space at large. The accelerator will offer mentorship, networking opportunities, and even funding for companies involved.

“We’ve assembled a group of world-class mentors, each an industry expert, in these key fields: Product/UX to help pull your concept into a shippable product. Crypto economics to discuss theory and help finetune your model. Solidity to help review and improve your contract code. Frontend/dev to help engineer a fullstack dapp and actually deliver it. Community/marketing to help level up your meme game and create a kick-ass brand.”

All mentorship and collaboration will be done remotely.

The first mentors will come from Orbs – however, Binance crypto experts will be joining the team shortly.

Following the onboarding of the Binance experts, more mentors will be recruited from various sources.

Although the accelerator program will not focus exclusively on Blockchain-based projects, special attention will be given to companies interested in either the Orbs grant program or Binance’s “Bridging CeFi and DeFi” program.

Orbs themselves were originally looking for a future outside of the DeFi space – but after in-house blockchain development led by Tal Kol – the technical co-founder of Orbs – the team has made the transition from focusing on enterprises to focusing on DeFi. Orbs have developed a proof-of-stake consensus algorithm on the Ethereum blockchain that aims to make DeFi integrations effortless.

Tal Kol will be one of the mentors in the upcoming program.

DeFi.org is already taking applications – there’s no time like the present.