New DeFi accelerator Krew launches in Klaytn ecosystem

Krew, a new DeFi accelerator housed in the Klaytn (KLAY/USD) ecosystem, is launching with funds totaling $4 million, which will be used to create, incubate, and support DeFi projects in the EVM-compatible blockchain, Invezz learned from a press release. KLAP (Klaytn Lending Application) is the first project to onboard the Krew accelerator. Since coming out The post New DeFi accelerator Krew launches in Klaytn ecosystem appeared first on Invezz.

Timeline of Klaytn

BVI, Tortola, 21st June, 2022, Chainwire Krew, a new DeFi accelerator housed in the Klaytn ecosystem, is launching - armed with a $4 million war chest that will be used to create, incubate, and support DeFi projects in the EVM-compatible blockchain. KLAP (Klaytn Lending Application), the first project to onboard the Krew accelerator, just came out of stealth last week and attracted tens of thousands of followers for the Klaytn-native lend/borrow protocol.

Klaytn, a public blockchain developed by South Korean internet giant Kakao has partnered with Parity Technologies as it looks to advance its presence in the blockchain ecosystem. With this collaboration, Klaytn hopes to further its image as the go-to platform for projects in the metaverse, gaming and decentralized applications (dApps). Parity is a key strategic The post Klaytn partners with Parity to boost its Metaverse growth appeared first on Invezz.