Overview of Celo Ecosystem (CELO Ecosystem) and important pieces 2022

What is Celo?

Celo is a Mobile Blockchain that makes it possible for anyone who owns a phone to access decentralized financial services, send money, and pay with cryptocurrency just using a smartphone. The platform uses the phone number as the public key and authenticates the transactions. With the number of smartphone users exceeding 6 billion in the world (this number is growing fast), the market segment that Celo targets shows its growth potential.

Celo offers mobile-first solutions that include the following three elements:

  • Lightweight identity for a better user experience
  • Stability mechanism for stable-value currencies
  • Incentives and governance system for platform sustainability

Like so many other Blockchain platforms, the project aims to become a decentralized platform that is not controlled by any single individual or organization, but is instead developed and upgraded. and operated by a large community of individuals, organizations and partners.

Overview of Celo Ecosystem (CELO Ecosystem) and important pieces 2022Overview of Celo Ecosystem (CELO Ecosystem) and important pieces 2022

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Celo Coin (Celo Token)

  • Token Name: Celo
  • Ticker: CELO
  • Blockchain: Celo Blockchain
  • Token Type: Utility, Governance
  • Total Supply: 1,000,000,000 CELO
  • Circulating Supply: 387.111.233 CELO

Celo Allocation

  • 12.5% ​​sold to investors through Pre-launch Sale round
  • 17.3% allocated to protocol contributors
  • 30% allocated as reward for staking and validator
  • 19.5% is allocated as a fund for the community
  • 7.5% is allocated funding for project activities
  • 12% allocated as initial reserve

Celo Ecosystem (CELO Ecosystem)

Data (Data Aggregation)

Updating

Oracles (Offchain Data Delivery)

Chainlink (LINK) and The Graph (GRT) are 2 popular Oracle platforms used on Celo

Smart Contract

Updating

Lending & Borrowing

Moola Market (MOO) is a lending protocol built on the Celo blockchain. The platform is developed with the aim of providing people with the best conditions, so that savers can make a profit, and borrowers can borrow credit. Loans can be over-collateralized or flashloan under-collateralized. The advantages of Moonla Market are fast speed, low cost and diverse services.

Overview of Celo Ecosystem (CELO Ecosystem) and important pieces 2022Overview of Celo Ecosystem (CELO Ecosystem) and important pieces 2022
Moola Market (MOO) is a lending protocol built on the Celo blockchain

Poof.cash Lending platform on Celo, where users can privately lend, send and request cryptocurrency transfers. The platform is currently supported on Celo, Polygon, Avalanche, Fantom, and Ethereum.

Central Bank

  • Mobius is an AMM DEX based on the mechanism of Saber and Curve, built on the Celo ecosystem. Mobius allows users to swap Stablecoins with a low price slip, to increase the efficiency of capital use instead of a simple AMM model like Ubeswap.

Wallet

  • Valora is a new crypto wallet that makes sending and spending crypto easy. The wallet platform is designed for smartphone devices, users do not need to memorize complex wallet addresses, but immediately use their personal phone numbers to connect the application. This wallet, which has raised more than $20 million in the past, aims to be an independent platform for Celo.

Overview of Celo Ecosystem (CELO Ecosystem) and important pieces 2022Overview of Celo Ecosystem (CELO Ecosystem) and important pieces 2022

  • Celo Wallet is a simple, low capacity wallet for the Celo network. The wallet platform helps to manage funds in the browser or on desktop devices. With basic features, Celo Wallet is considered quite easy to use.
  • Similar to Celo Wallet, Celo Terminal is also a platform to help manage accounts and access decentralized applications used on computer devices.
  • In addition, other wallet platforms can be mentioned such as: MetaMask, Abra, Opera, Coinbase, Coinbase Pro, Binance, Coinlist, OkCoin, Bittex, …

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DEX

  • Ubeswap (UBE) is a decentralized exchange protocol with AMM (Automated Market Maker) mechanism built on the Celo platform. At its core, Ubeswap allows users and applications on Celo to trade between any two ERC-20 tokens. The platform prioritizes the group of customers using mobile devices (in line with Celo’s orientation). In terms of structure, the platform has many similarities with Ethereum’s UniSwap.
Overview of Celo Ecosystem (CELO Ecosystem) and important pieces 2022Overview of Celo Ecosystem (CELO Ecosystem) and important pieces 2022
Ubeswap (UBE) is a decentralized exchange protocol with AMM . mechanism
  • Mento is a decentralized exchange operating with AMM mechanism built on the Celo platform. Mento is responsible for helping Celo Dollar (cUSD) maintain a stable exchange rate pegged to the USD. The platform currently has a fairly large TVL ratio, which shows the growth potential of Mento in particular as well as the Celo platform in general.
  • In addition, cross-platform DEXs include: SushiSwap (SUSHI), Symmetric (SYMM), Swap Cat, …

Liquidity

Updating

Bridge

  • Optics is a Cross-chain Bridge solution that connects liquidity from many other ecosystems to Celo, in which users can easily transfer assets from Ethereum.
Overview of Celo Ecosystem (CELO Ecosystem) and important pieces 2022Overview of Celo Ecosystem (CELO Ecosystem) and important pieces 2022
Users can easily transfer assets from Ethereum to Celo
  • Similar, Wrapped also makes it easier to transfer assets from Ethereum to Celo
  • Allbridge (ABR) is a cross-platform Bridge with support up to Celo

Asset Managermant

Good Ghosting is an asset management platform focused on Saving and Gamification. In addition to ensuring capital, the platform has plans to help users save and have the best profit.

NFT/Gaming

NFT/Gaming doesn’t have many projects to follow, NFT can mention Uniftyor like Createsafe still in progress

Yield Farming

Dahlia is a leverage-based yield farming protocol that gives yeild farmers access to leverage as they provide liquidity to a decentralized exchange on Celo.

Dahlia provides users with 3 types of pools i.e. Yield Farming with leverage, Liquidity Providing with leverage and Liquidity Providing without leverage. Dahila offers fairly high lending rates to lenders without the risk of yield farming.

Overview of Celo Ecosystem (CELO Ecosystem) and important pieces 2022Overview of Celo Ecosystem (CELO Ecosystem) and important pieces 2022

Also the yield platform is Beefy Finance (BIFI) and Autofarm (AUTO) also support on Celo

Synthetics

Kresko is Celo’s Synthentic Native platform, created with the goal of giving users access to synthetic assets, thereby increasing profit margins. The platform is designed with mobile devices in mind, making it easy for users to access Kresko anywhere.

IDO Platform

Celo Starter is Celo’s Native project, but currently there is not much information on the plan and operation of IDO projects.

Here is an overview of the ecosystem Cronos Okay Beatdautu synthesized and updated on January 13, 2022, hope they will be useful for your research and research on ecosystems.

>> Polkadot Ecosystem

Keyword: Overview of Celo Ecosystem (CELO Ecosystem) and important pieces 2022

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