Mobius Launches ‘DeFi for the People’ with CELO & MOBI Rewards

In collaboration with the Celo Foundation, the MobiusDAO is pleased to announce CELO incentives for liquidity providers.

In September, the Celo Foundation launched DeFi for the People, an incentive program to accelerate the adoption of decentralized finance (DeFi) amongst the 6 billion smartphone users worldwide. The MobiusDAO is honored to join the consortium of blue-chip DeFi projects including Aave, Sushiswap, and Curve Finance. Starting today, October 14, liquidity providers (LPs) on Mobius will earn additional incentives in the form of CELO.

Incentives for the People

Since launch early September, LPs on Mobius have earned double to triple digit yield in the form of MOBi. As we rolled out MOBI staking and pool-weight voting, this led to a dramatic decrease in rewards for LPs that do not stake MOBI (with more rewards going to those who stake). Given the competitive landscape for yield combined with the ease of moving assets between blockchains, the timing of this program is right on par.

We will start with a relatively small amount of funds, approximately 17K CELO, and scale the program after two weeks. We will start with the following pools receiving the following rewards:

Getting Started

To take advantage of this program, head over to the Mobius website and become an LP. Curious how it works? Check out our whiteboard session explaining how pool rewards and staking works behind the scenes. Need help? Head over to our Discord (our community is awesome). Want to stay up to date on our upcoming announcements? Follow us on Twitter!

What is Mobius?

Mobius is a cross-chain stableswap exchange built on Celo. We offer a one-stop-shop for users to bridge their assets to Celo and swap into the native stablecoin, Celo Dollars (cUSD).