We’re thrilled to introduce Velocity Labs as the most recent grantee underneath the KryptoCoinz’s Decentralized Futures Program. This grant signifies a daring step in the direction of revolutionizing the DeFi panorama inside the Polkadot ecosystem. Right here’s a deep dive into Velocity Labs, their imaginative and prescient, and the groundbreaking initiatives they’re set to embark upon.
Velocity Labs: Imaginative and prescient and Mission
Velocity Labs goals to rework the Polkadot ecosystem right into a hub of DeFi innovation. The ecosystem builder and enterprise studio is devoted to constructing important infrastructure, instruments, and merchandise that may allow DeFi on Polkadot to thrive.
Their mission is evident: to unleash Polkadot’s full potential as a sturdy, scalable, and versatile blockchain platform for DeFi. By specializing in accessibility, composability, and value, Velocity Labs is ready to draw a various vary of customers, builders, and liquidity suppliers to Polkadot.
DeFi Infra & Tooling Bounty Program:
Velocity Labs will function a bounty program the place parachain founders and Velocity will act as curators, using treasury funding to incentivize builders and key service suppliers. This program goals to deal with important ache factors inside the ecosystem by outlining technical necessities, issuing requests for proposals, and guaranteeing profitable completion via clear milestones.
Token Switch SDK:
Aiming to extend the rate of tokens by lowering friction in motion throughout the ecosystem, their SDK goals to offer a seamless means for parachains, dApps, wallets, and customers to allow token transfers throughout the Polkadot. It’ll additionally leverage Snowbridge and different current bridges to allow a seamless stream of liquidity from exterior ecosystems.
DeFi Builders Program:
Velocity Labs plans to assist DeFi builders in any respect levels of improvement with engineering, product, and go-to-market (GTM) capabilities. By offering tailor-made companies and funding via treasury bounties, they purpose to draw high-quality initiatives to Polkadot and guarantee their success via sturdy assist constructions.
Infrastructure Improvement and Help:
Recognizing the necessity for complete infrastructure, Velocity Labs will focus not solely on creating direct-to-parachain on-ramping options, but in addition ecosystem-wide custody options. They can even interact in enterprise improvement to advertise the adoption of those instruments all through the ecosystem.
The Workforce Behind Velocity Labs
Velocity Labs is powered by a staff of specialists with deep information of the Polkadot ecosystem, DeFi, and Substrate. Led by co-founder and CEO Nicolas Arevalo,their collective expertise encompasses roles at distinguished blockchain initiatives and a deep dedication to advancing Polkadot’s DeFi capabilities.
Lengthy-Time period Imaginative and prescient
By addressing the important challenges of composability and accessibility, Velocity Labs is ready to make Polkadot the premier platform for DeFi purposes, drawing inspiration from profitable fashions in different ecosystems like ConsenSys in Ethereum and Delphi Labs in Cosmos.
Be part of the Motion
The bounty is now open for purposes — when you’re a builder then register your curiosity right here.
Keep tuned for extra updates on Velocity Labs’ progress and the way their initiatives will form the way forward for DeFi on Polkadot. Observe Velocity on Twitter and LinkedIn for the most recent information and developments.