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DeFi Alliance Announces First Acceptance for Accelerator 5

DeFi Alliance Announces First Acceptance for Accelerator 5
  • DeFi Alliance has just announced the first acceptance for Accelerator 5.
  • The selected business is OlympusDAO, with the native token $OHM.
  • The program will run in late August, with applications for entry still open.

DeFi Alliance has just announced its first acceptance for Accelerator 5. The selected company is OlympusDAO, with its native token $OHM, a decentralized reserve currency that remains unbound by a peg.

DeFi Alliance’s accelerator program is a six-week session covering talks from experts, mentorship opportunities, demo days, and more. It aims to help grow Decentralized Finance businesses to large scales.

Its latest program run is set for late August, for which OlympusDAO has already secured a space. The Accelerator welcomes all DeFi startups at any stage to take part since it focuses on liquidity provisioning and trade-related support. Along with this, it is also open to international applications but limits itself strictly to only DeFi startups.

Moreover, to facilitate businesses, the Accelerator program is entirely remote. The company will consider hosting some in-person events after the pandemic subsides, but the programs will remain virtual.

Each cohort in the program usually consists of around 20 startups, picked from over 200 applicants. DeFi Alliance chooses the participants based on a range of factors such as idea diversity etc. Currently, applications for the program are ongoing. Click here to apply.

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Lisa is excited about all things tech. She devotedly follows blockchain and crypto updates, sharing her passion through writing about it. She is a regular contributor for cryptocurrency news and articles.