RioDeFi, an ecosystem of financial products bridging traditional and decentralized finance (DeFi), has announced the launch of its DeFi incubation hub following three successful pilot projects that will bring greater blockchain interoperability and strength to the DeFi ecosystem in Asia.
RioDeFi’s incubator hub will enable projects to develop use cases from idea to proven concept, advise on regulatory and sustainable tokenomic frameworks and provide fundraising support from a network of notable venture capitalists and investors.
“DeFi has gained a lot of traction over the past year, and it’s been a few months since NFTs have stepped into the limelight. As traditional finance attempts to merge with these new and exciting technologies, the industry still suffers from a lack of insights on regulation and user-protection. Our goal is to help legitimize projects from beginning to end, enabling DeFi to safely bridge with mainstream finance,” said James Anderson, CEO of RioDeFi.
The announcement of the hub follows the news of the successful launch of its first three dApps: Lepricon, a gamified DeFi prediction market, LABS, the first end-to-end ecosystem supporting the real estate market, and MANTRA DAO, a community-governed platform focusing on staking, lending and governance. Since incubating, the three projects have raised more than $15 million in funding.
“In the fast-moving DeFi industry, agility is critical. Incubating within an interoperable ecosystem enabled us to quickly develop a compliant, regulated, and sustainable DeFi use-case. The blockchain space is maturing and I anticipate that RioDeFi’s approach of incubation will become the norm sooner rather than later,” said John Patrick Mullin, Council Member at MANTRA DAO.
Lepricon, LABS, and MantraDAO are the first of many projects to benefit from the network effects of RioChain’s interoperability, low fees, and fast transactions, further strengthening the scalability, security, and speed of the DeFi ecosystem.
“Incubation hubs represent a tremendous opportunity to access a vital ecosystem of industry experts, investors, and merchant partners, as well as a global community of blockchain enthusiasts. The support provided during the incubation process allowed us to launch sustainably and successfully,” said Stephen Browne, COO of Lepricon.
RioDeFi’s hub aims to become an important addition to DeFi growth in Asia, seeing the support of new DeFi projects from beginning to end. Projects will also receive end-to-end support with payments, processes and exchange operations, guidance on jurisdiction frameworks, sustainable token model development, and KYC process requirements.
Published at Tue, 30 Mar 2021 03:59:06 +0000