Celo announced Monday the launch of the 'DeFi for People' fund | NFT Token

Celo announced Monday the launch of the "DeFi for People" fund

Working in collaboration with Ethereum protocols such as Aave, Curve, Sushi, PoolTogether, 0x and UMA, as well as Ethereum infrastructure providers such as Chainlink, RabbitHole and The Graph, the program "will offer over $100 million in educational initiatives, grants and incentives." While the incentive program bears similarities to Polygon and Avalanche's big-budget liquidity mining incentive programs, Celo founder Rene Reinsberg said the specifics of Celo's implementation are aimed at attracting a broader audience to DeFi.

"The goal over the next five years is to get a billion new people into DeFi," he said, adding:

"By starting this initiative now, we hope to make this a more industry-wide effort, and I think it's kind of complementary to other programs and efforts that we've seen."