Catalyst

Scale-UP Cardano’s DeFi Ecosystem

Encouraging DeFi teams to build and deploy open finance solutions on Cardano

Synopsis

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 elitist, leaving out the people who could most benefit from it. This challenge invites proposals on how to create a competitive environment for DeFi on Cardano where Defi DApps provide access to financial services for global users.