Celo
Celo is a decentralized finance (DeFi) platform that offers payment solutions and supports the development of decentralized applications (dApps) with a focus on mobile accessibility and sustainability.
Services
Celo offers decentralized payment solutions that facilitate transactions using various forms of currency, including USDC and soon USDT. The platform adopts a mobile-first approach to Web3, ensuring universal accessibility with low-cost, multi-currency gas fees and an ultralight client. Its decentralized finance (DeFi) platform is available to a global network of 6.6 billion smartphone users, promoting financial inclusivity and accessibility.
Products
Celo provides a suite of tools and services geared towards developing decentralized applications (dApps). This includes comprehensive documentation and robust developer tools designed to simplify the integration and development process. The platform also offers a grant program to support projects that align with its mission of fostering global prosperity. These products collectively aim to empower developers and real-world users with practical Web3 solutions.
Sector
Operating at the intersection of decentralized finance and blockchain technology, Celo belongs to the burgeoning sectors of Web3 and DeFi. By leveraging the Optimism stack to transition into an Ethereum Layer 2 solution, Celo seeks to enhance its scalability and efficiency. The platform's emphasis on decentralized payments, global accessibility, and sustainable development positions it as a key player in the ReFi (regenerative finance) ecosystem.
Environmental Impact
Celo has maintained a carbon-negative status for 1479 days, reflecting its commitment to environmental sustainability. The platform's regenerative finance (ReFi) ecosystem utilizes assets and primitives designed to promote ecological balance. By embedding sustainability into its core operations, Celo aims to contribute towards a healthier planet while fostering financial inclusivity and prosperity.
Ecosystem
Celo supports a diverse and widespread ecosystem with over 1,000 projects from more than 150 countries. This extensive network of projects benefits from the platform's resources, grants, and tools that enable efficient dApp development and integration. Celo's commitment to creating conditions for global prosperity is evident in its support for projects that resonate with its mission, fostering a collaborative and inclusive environment within the Web3 space.