How can we encourage DeFi team to build/deploy open finance solutions on Cardano in the next 6 months?
This is the total amount allocated to F5: Scale-UP Cardano's DeFi Ecosystem
Currently the vast majority of DeFi dapps and currency flows occur on the Ethereum blockchain, however due to congestion and increased transaction fees, the use of DeFi is increasingly elitized, leaving out the people who could most benefit from it. benefit from this, the unbanked.
Why is it important?
It's important b/c Defi dApps provide trustless on-demand access to financial services for global users w/ Total Value Locked ~$25billion
How does success look like?
A competitive environment for DeFi on Cardano with an emphasis on cross-collaboration & driving composability across protocols.
Key Metrics to measure
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