BNB Chain DeFi League: Unleashing Collaborative Innovation

Blockchain has been undoubtedly the fastest evolving industry over the past 3 years when it comes to innovation. No other industry in the world evolves as fast as blockchain and crypto, with almost 300 million users and thousands of projects interacting with the technology regularly.

An exciting area of this development is decentralized finance (DeFi), which offers a  censorship-resistant and inclusive environment that will allow anyone to access the new borderless financial system. Anyone anywhere can access a wide range of products that would usually be out of their reach due to a lack of access to banking and financial services.

While the space has grown exponentially in recent years, DeFi is only at the very beginning of its journey. Solutions to generation-defining problems require deep and open collaboration.

That's why today, the BNB Chain community is launching DeFi League. The DeFi League is a community that brings together visionary teams and projects to tackle the most significant challenges and opportunities and lay the groundwork for the future of decentralized finance.

"Venus is dedicated to building a more inclusive and safer DeFi ecosystem, and the DeFi League will play a major role in building the future of decentralized finance." – Brad Harrison, CEO, Venus

The DeFi League, at its core, was launched with users in mind. Its long-term and communal approach will strengthen the use cases and security in DeFi, develop new products, and provide users with more possibilities. The collaborative approach will help thoroughly debate and test all new features before deployment, enhancing security and eliminating technical issues and bugs. This will result in a more positive experience with DeFi on BNB Chain and the broader ecosystem.

Introducing the BNB Chain DeFi League

The DeFi League will bring together leaders within the DeFi industry to tackle specific challenges in an organized and collaborative approach to building the infrastructure required to handle the future volume of users, data, and assets.

The DeFi League will consist of two groups, the Steering Committee and DeFi League members.

The Steering Committee
The Steering Committee is a group of founding projects joining forces to establish the wider DeFi League organization. Members represent some of the world’s most innovative projects shaping a multi-chain future in DeFi.

“We're excited to be one of the founding members of the BNB Chain DeFi League, and we're looking forward to collaborating with different teams" – Chef Icy, BD Bunny of PancakeSwap

The DeFi League members will represent new and established projects from the DeFi sector that want to grow their business and provide better solutions to their users. This will also include  MVB participants in the DeFi category and new projects referred by the Steering Committee and the community.

DeFi League commitments

The participating projects will convene regularly to review progress, provide constructive feedback, and discuss any other agenda. Together, they will tackle challenges and blockers, discuss new ideas, introduce new grant programs and reward the best participants.

This collective effort will primarily focus on three key areas:

1. Innovation
DeFi League will listen to the community and focus on building pioneering products that deliver new experiences to users.

The DeFi League will concentrate on the most demanded features by the community to build products that will create value for users. The League will develop advanced DeFi legos to push innovation in the DeFi and lower the barriers required to build new DeFi products on BNB Chain.

2. Community
The DeFi League's approach to marketing will radically change how projects communicate with their audience, creating a more collaborative environment in the process. enabling them to collaborate more deeply with the community.

It will also focus on developing more user-friendly and digestible approaches to initial launches and fundraising, safer for both the users and projects. The community will receive regular DeFi industry insights and gain access to reports, conferences, and live events.

3. Security
The DeFi League will aggressively accelerate efforts in developing a more secure environment for users, assets, and data. Security is a critical foundation for products that users can trust and rely on.

Security will play a key role in the development and deployment of all DeFi League innovations and products.

A deep commitment to Innovation, Community, and Security will help nurture the growth for the next generation of DeFi builders and users.