Orbs, an Israeli company developing a public blockchain infrastructure for real businesses, and Binance, the global blockchain company behind the world's largest digital asset exchange, announced that they are teaming up to promote innovation in the decentralized finance (DeFi) space by serving as the first core sponsors of the DeFi.org accelerator, which bootstraps new projects and DeFi protocols.

The DeFi.org Accelerator is dedicated to supporting research, development of open-source software, and community engagement. The accelerator looks for projects that are built on the principles of fair distribution, community ownership, innovation, responsible approach to risk, sustainable economics and composability with the broader ecosystem.

Participants get a variety of benefits, including mentorship, funding opportunities, and market exposure. In addition, DeFi.org Accelerator participants will receive special consideration if they apply to participate in Binance’s seed fund for Bridging DeFi and CeFi or receive a grant under the Orbs Grant Program.

The mentors of DeFi.org work in the areas of Product/UX, cryptoeconomics, solidity, front-end development, and community/marketing.

Orbs and Binance are excited about working together with breakthrough teams to create innovation and drive the DeFi ecosystem forward and invite the entire blockchain ecosystem to consider joining the accelerator as co-sponsors or mentors.

Interested teams can apply to participate at https://defi.org/.

About Binance

Binance is the world's leading blockchain and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. Trusted by millions worldwide, the Binance platform is dedicated to increasing the freedom of money for users and features an unmatched portfolio of crypto products and offerings, including trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, and more. For more information, visit https://www.binance.com.

About Orbs

Orbs is a public blockchain infrastructure designed for real-world businesses looking at blockchain technology as a competitive strategy. To accommodate business needs, Orbs is pioneering a hybrid consensus architecture, keeping businesses in control of costs, governance, and guaranteed performance, while still capturing the disruption of a truly decentralized Proof-of-Stake ecosystem with a permissionless validator pool. Founded in 2017, Orbs is being developed by a dedicated team of more than 30 people out of its offices in Tel Aviv, Israel, Singapore, and Seoul, South Korea. Orbs was named Gartner's “Cool Vendor in Blockchain Technology” for 2018.