0x expands partnership with Celo to distribute $4.5 million ️ | Top DeFi

0x expands partnership with Celo to distribute $4.5 million ️

The 0x protocol and Celo blockchain have announced a joint partnership to allocate $4.5 million, consisting of $3 million from CELO and $1.5 million from ZRX, to grow the 0x ecosystem through its community-centric decentralized autonomous organization (DAO).

This news follows a mid-November agreement between the two firms to integrate 0x's zero-cost API functionality into Celo's blockchain to improve the experience of DeFi developers seeking access to aggregated decentralized exchange (DEX)-based liquidity services with multiple blockchain support.

In August of this year, both Celo and 0x were founding members of DeFi for the People, a charitable decentralized financial initiative that raised $100 million.