Polkadot is making moves to expand its ecosystem, announcing a new DeFi Alliance alongside a new support program for validators.
Polkadot has become the latest Ethereum competitor to launch a decentralized finance alliance.
Announced on Dec. 3, the alliance aims to overcome the decentralized nature of the Polkadot ecosystem, providing a platform for its community to discuss using the Polkadot Network and its underlying Substrate technology stack for DeFi.
Oracle network Chainlink is among the alliance’s founding members. The company’s global head of business development, Dan Kochis, said:
“Chainlink is excited to help steer the direction of Polkadot’s growing ecosystem of decentralized financial applications. By promoting developer best practices for DeFi protocols, the Polkadot ecosystem can become stronger than ever.”
Other founding members include layer-2 technology provider, Plasm Network, decentralized insurance market, Tidal Finance, and non-custodial automated market maker, Polkaswap.
The alliance is currently accepting applications from developers building on Polkadot Network or Substrate.
Polkadot has also just announced it will be launching a “thousand validators” program this month, which will offer support and incentives to individuals seeking to run a Polkadot node in a bid to bolster the number of its validators by 1,000.
The program draws on the same program that was launched on Polkadot’s sister-network and parachain Kusama in February. While Kusama’s node count was approaching 180 in February, the network now has 700 active validators with a further 393 waiting.
Source: , CoinTelegraph
Articles listed with Cash Tech News as the author are either general information, or may have been imported from another website, to bring our readers a rich media experience that encompasses articles that we find interesting, as well as those curated by others.
The views and opinions expressed here are for informational purposes only, and should not be confused with professional financial advice. These opinions are solely those of the author and do not necessarily reflect the views of CashTechNews.com. Every investment and trade involves risk. You should conduct your own research, and contact your professional financial advisor before making any investment.
Corrections, feedback, and ideas should be submitted through the website contact form.