Explore next-generation DeFi 📈
June 2023 Cronos newsletter - Cronos Accelerator Program's second cohort, Google Cloud, next generation DeFi protocols
The Cronos Accelerator Program announced its second cohort of start-ups. A key theme of this cohort is the use of artificial intelligence (AI) to accelerate Web3 adoption. Participating start-ups include:
Omnus - Web3 Game Development Ecosystem
DeMe - A Decentralized Social Network Platform
Furrend - A Pet-focused Video Sharing Platform
Solace - Wallet SDK Embedding Smart-contract Wallets Into Apps & Games
Sakaba - Loyalty Platform for Web3 Gaming
Eisen Finance - Exchange Aggregator Targeting Institutional Trading Firms
CorgiAI - An Ecosystem to Enable the Peer to Peer Economy of Generative AI
Google Cloud joins the Cronos Accelerator Program as a sponsor to support AI-enabled Web3 innovation. Accelerated start-ups will receive Google Cloud credits as well as access to Google Cloud’s AI expertise.
We are already seeing signs of what “next generation DeFi” is going to look like during the next market cycle. Two important trends are playing out:
The mainstream adoption of liquid tokens. Liquid tokens are digital representations of cryptocurrencies which have been staked on a secure yield-generating protocol, such as stETH on Ethereum. These tokens are accruing yield from the underlying staking protocol and at the same time, they can be traded, lent, borrowed, and used in a wide variety of DeFi protocols just like any regular cryptocurrency. On Cronos, Veno Finance has introduced CRO staking (liquid token: LCRO) and ATOM staking (liquid token: LATOM). Argo Finance has introduced CRO staking as well (liquid token: bCRO).
CEX-like experience in DeFi. The idea is to offer the convenience and capital efficiency of centralized exchange markets, but with self-custody. DeFi protocols are now developing order books, perpetuals trading, and leveraged trading, leading to more compelling economics for traders and liquidity providers. On Cronos, decentralized protocols Fulcrom Finance and MadMex are exploring these themes.
TaskOn, the Web3 task collaboration platform, has integrated Cronos.
TFM, the IBC bridge aggregator, has integrated Cronos.
Minted, the NFT platform, has launched two ground breaking new features: bulk buy and floor sweep. Check them out to level-up your NFT trading strategies.
Ferro, the stable swap protocol, has launched pool boost and NFT staking, these features enable users to get up to 3x more in yield when depositing into the $xFER vaults and staking Cronos Cruisers NFTs. Check out the social quests with a $1,800 prize pool until July 19th.
Fulcrom Finance, the perpetuals trading platform, recently completed a trading competition for #CROFam, with a prize pool of $10,100 in $FUL tokens. Fulcrom is now launching a Survivor Care giveaway campaign for users who were impacted by the FTX collapse.
Ryoshi Dynasties, the gamified DAO experience by Ebisu’s Bay, is about to launch on Cronos mainnet.
What are the latest updates about Ebisu’s Bay and how have they benefited from being part of the Cronos ecosystem? Read the ecosystem spotlight interview.
Congratulations to DG Pals, a Cronos Accelerator Program graduate, for completing their funding round!
Cronos was selected by the City of Seoul as the main blockchain network partner of the inaugural edition of the Seoul Web3.0 Festival. If you are a developer or start-up planning to be in Seoul between July 31 and August 2, visit seoulweb3festival.com to register for the hackathon or the start-demo day. Please spread the word to your network, as the prize pool exceeds 110,000 USD. The Cronos Labs team looks forward to connecting with #CROFam in Korea!
Earn Network announces its DeFi Staking solution for Cronos app developers. With this solution, any token creator can easily implement staking features without having to create smart contracts from scratch. Contact Earn Network for more details and demos.
Cronos launched the Builders Program for application developers. Participants in the program will receive comprehensive support from Cronos ecosystem partners, including technical assistance, credits, and exclusive service discounts. More than 15 launch partners have already been announced. For more information, visit the dedicated web page.
Cronos Play: Cronos Labs is pleased to announce a new release of Cronos Play Plugin for Unreal Engine (play-unreal-plugin v0.0.12-alpha), along with a new version of its compatible demo (play-unreal-demo v0.0.10-alpha). It is available available for free on the Unreal Engine Marketplace.
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