A mobile-first blockchain platform, Celo, has been <a href="https://www.prnewswire.com/news-releases/aave-curve-pooltogether-and-sushi-among-leading-ethereum-defi-projects-joining-celo-on-defi-for-the-people-collaboration-301365452.html" target="_blank" rel="nofollow noopener">making a play</a> for Defi users, and now Defi protocols like Sushi, Curve, and Aave are adding up in the line. Celo has reportedly secured $100 million in funding for grants, token incentives, and education from Defi protocols.
<h2>Celo and Other Defi Protocols Such as Sushi, Curve, and Aave takes Initiative</h2>
Talking about Celo, it is a relatively new blockchain project that targets to bring cryptocurrency tools to everyone that has a smartphone, specifically those who have trouble accessing bank accounts.

Celo made an announcement that revealed $100 million in funding for grants, education, and token rewards from major Ethereum Defi protocols as well as the formation of <a href="https://www.cryptoknowmics.com/news/decentralized-finance-has-a-lot-of-rooms-to-grow/">Defi</a> for the People. This is an initiative that has a mission to make Decentralized Finance accessible to all the 6 billion smartphone users around the globe.

It should be noted that PoolTogether is already amalgamated with Celo and is offering $500,000 in prize money and it is considered a lottery in which you’ll be facing no loss. In this lottery, people pool their money into an investment vehicle that gives interest and the winner takes it all with everyone else, getting refunded. 
<h2>Rene Reinsberg on the Goals of his Company</h2>
The Co-founder of Celo, Rene Reinsberg, revealed the goal of the company and said that bringing 1 billion users to Defi in 5 years. She said:
<blockquote>“DeFi for the People aims to make DeFi accessible to everyone by powering real-world use cases and focusing on mobile-first adoption."</blockquote>
In addition to this, it should be noted that back at the time of launch, Celo <a href="https://www.cryptoknowmics.com/news/payu-buys-celo-tokens-to-launch-a-stablecoin-payment-scheme/">came across</a> as an open-source version of the Libra project of Facebook. Though Libra rebranded to Diem and the goal of Diem has altered to become a stablecoin based in the United States, Celo has continued developing on its platform.

Celo, Sushi, Curve, and Aave, Introduces $100 Million DeFi Initiative

A mobile-first blockchain platform, Celo, has been making a play for Defi users and now Defi protocols like Sushi, Curve, and Aave are adding up..

Sahaj is an aspiring journalist with a keen interest in cryptocurrency and the whole concept of Blockchain technology. He is positive about the future potential of Cryptocurrency and Blockchain in shaping the world of finance for good. At present, he is covering the latest developments in the field of the cryptosphere.

Celo, Sushi, Curve, and Aave, Introduces $100 Million DeFi Initiative

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