Polkadot has become one of the newest Ethereum competitor to launch a DeFi [Decentralized Finance] alliance.
According to a recent official announcement on 3rd Dec., the alliance aims to beat the decentralized nature of the Polkadot ecosystem, offering a platform for its community to debate using the Polkadot Network and its underlying Substrate technology stack for DeFi.
Oracle network Chainlink is among the alliance’s founding members. The company’s global head of business development, Dan Kochis, added:
“Chainlink is happy to assist steer the direction of Polkadot’s growing ecosystem of DeFi applications. By promoting developer best practices for DeFi protocols, the Polkadot ecosystem can become stronger than ever.”
Other founding members embody layer-2 technology provider, Plasm Network, decentralized insurance market, Tidal Finance, and non-custodial automated market maker, Polkaswap.
The alliance is presently accepting apps from developers building on Polkadot Network or Substrate.
Polkadot has also just announced it’ll be launching a “thousand validators” program this month, that can offer support and incentives to individuals seeking to run a Polkadot node within a bid to bolster the number of its validators by 1k.
The program draws on an equivalent program that was launched on Polkadot’s sister-network and parachain Kusama earlier in February. While Kusama’s node count was approaching 180 earlier in February, the network now has 700 active validators with an extra 393 waiting.