Selini Capital

Codex is a peer-to-peer version of electronic cash allow online payments to be sent directly from one party to another without going through a financial institution.

Folks Finance is a crosschain decentralized finance (DeFi) protocol that addresses liquidity fragmentation by enabling users to deposit and borrow across various blockchain networks without the need for bridging or wrapping assets. The platform offers a comprehensive suite of financial tools, including lending, trading, and liquid staking, making it a fully-fledged hub for digital asset management. As the largest application on Algorand, Folks Finance has achieved significant growth, reaching an all-time high of $400 million in total value locked. The protocol is designed to be non-custodial, allowing users to earn yield on their deposits, use those deposits as collateral for loans, and engage in governance activities within the Algorand ecosystem, all while ensuring scalability, low transaction costs, and security.

Ardana is a decentralized stablecoin protocol and liquidity pool ecosystem built on the Cardano blockchain. It offers an on-chain asset-backed stablecoin that is overcollateralized with Cardano native assets, allowing users to borrow stablecoins against locked collateral and providing convenient access to liquidity. Additionally, Ardana features a decentralized exchange designed for efficient trading between stablecoins and identical assets, enabling liquidity providers to earn income from transaction fees while maintaining low-risk exposure. The platform aims to support and manage various economic activities within a decentralized framework.