Polygon is launching an accelerator programme with Orbs and DeFi.org

Polygon is launching an accelerator programme with Orbs and DeFi.org.

Polygon, an Ethereum scaling platform, has teamed with layer-3 project Orbs to offer a programme that helps DeFi builders through the DeFi accelerator platform DeFi.org, in a new development for the decentralised financial area.

Polygon and DeFi.org said in a statement that the programme will provide cash, mentorship, and market exposure to selected projects. Participants in the DeFi.org accelerator round are required to build on Polygon. Those who use Orbs' infrastructure, on the other hand, will be granted particular priority.

Orbs promises to be capable of giving benefits such as smart contract enhancement through its infrastructure, while Polygon focuses on scaling Ethereum. The accelerator programme will concentrate on initiatives that combine Polygon's layer-2 solutions with Orbs' layer-3 infrastructure.

Aside from the benefits listed above, the initiative will give potential projects a "liquidity injection" and a feature on multiple platforms, including the DeFi.org website, during the launch.

Binance and Orbs founded DeFi.org in 2021 to promote open-source project research and development in the DeFi industry, signifying the Orbs project's move to decentralised finance.

Polygon stated in May that it would collaborate with Meta to develop a platform for nonfungible tokens (NFT) for Facebook and Instagram. Following that, MATIC's price witnessed a resurgence that resembled the price swings that lead to the asset's 275 per cent gain in 2021.