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Today we are sharing the news that we have decided to sunset Turtle. This decision comes after reflecting on the evolving landscape of the Polkadot ecosystem and the shifting priorities within the space. Effective February 15, Turtle will officially close its operations. We started Turtle with a bold vision: to build the effortless, neat, and seamless app needed to move any token from any place within and through Polkadot. We saw teams reinventing the wheel to navigate comple

When we first envisioned the DeFi Builders Program, our goal was simple: to create a support system that high-potential teams actually need to launch and scale on Polkadot Hub . It’s not just about capital. It’s about providing direct access to technical mentorship, go-to-market strategy, liquidity partners, and a network ready to help. We wanted to build a program that empowers builders to focus on what they do best—building the future of DeFi. The DeFi Builders Program  is

DeFi moves fast. We all know that. But not every evolution in this space pushes things forward in a meaningful way. That’s what we’re hoping to change with the launch of the DeFi Builders Program  - a new initiative from Velocity Labs, built in collaboration with key partners like Web3 Foundation, Parity Technologies, Wave Digital, and Scytale. At its core, this program is about giving talented builders a serious platform to explore, test, and ship the next wave of DeFi innov

Today we are proud to say that Ramp is building on Polkadot, through the integration of Asset Hub. Through it, Ramp will be able to service any parachain in the Polkadot ecosystem. We can’t wait to see what devs and users will do through this big unlock. Onramps from fiat to crypto have historically been one of the biggest pain points with regard to DeFi accessibility. Thanks to the tireless builders who identified this issue early on, and have been working with regulators, c

In our announcement blogspot we outlined the importance of a resilient and unstoppable decentralized financial system, and how Polkadot is the perfect blockspace ecosystem for it. On May 26, 2020, the first Relay Chain genesis block of Polkadot was born The network later upgraded to NPoS (Nominated Proof of Stake) less than a month after launch, and in December 2021, Parachains began to roll out, finalizing the Polkadot v1 launch stage. Moonbeam, Interlay, Hydra and Centrifug

In April 2024, we announced that the applications for the Polkadot DeFi and Infrastructure Bounty were open to builders worldwide. The bounty has been approved by the Polkadot community and is administered by Velocity Labs in cooperation with curators from Novasama, HydraDX, Centrifuge, Moonbeam, Acala and Giotto. More information about it here. Today we are excited to share our progress with regards to the DeFi Infra and Tooling Bounty. Together with the Bounty curators, las

Built by Velocity Labs, powered by Snowbridge We are extremely proud to announce the first DeFi product incubated and built by Velocity Labs. Turtle facilitates frictionless and cross-chain token transfers, with the smoothest UX in the Polkadot ecosystem. Currently, token transfer user flows are very fragmented and require users to have an understanding of Polkadot’s architecture. Due to this, each parachain has its own version of a bridge UI to enable transfers in and out of

We’re back and excited to give you an update with regards to the DeFi and Infrastructure Bounty that Velocity Labs has been running alongside curators from Novasama, Hydration, Centrifuge, Moonbeam, Acala and Giotto. More information about it here. We have managed to get high quality integrators that will surely enhance the DeFi ecosystem in Polkadot, as well as provide wider accessibility to the space. DIA Type: Oracle Provider Deliverable: Integrate Hydration’s Omnipool and

We are excited to announce the next major iteration of Turtle, our frictionless cross-chain token transfer app. Building on the foundation of our first release, Turtle V2 takes a significant leap forward in simplifying asset movement across the Polkadot ecosystem. Abstracting Away the Complexity of Cross-Chain UX In our first release, we provided the Polkadot ecosystem with an easy way of bringing Ethereum native assets into Polkadot, powered by Snowbridge, a light client bri

Onramp DOT or USDC into Polkadot using Harbour’s Magic OnRamp solution. We’re thrilled to announce the newest addition to the Polkadot ecosystem:  Harbour Technologies. As part of Velocity Labs’ ongoing mission to enhance capital accessibility and user onboarding in our ecosystem, Harbour stands out as a solution perfectly aligned with these goals. Harbour offers a unique approach to the crypto onboarding challenge by balancing the convenience of traditional on-off ramps with

We’re excited to announce that together with Bifrost, the new Liquid Staking Standard, we’ve embarked on a journey to solidify and expand their position as ecosystem leaders, not only for Polkadot but for the wider crypto space. Liquid staking continues to grow in adoption throughout the crypto ecosystem. In Ethereum alone, Lido dominates the market with 31,6% of all ETH staked through the solution. But Lido provides services only for Ethereum and Polygon while there are doze

Blockchain technology has brought an immense amount of innovation across many verticals: culture, finance, coordination, social media and infrastructure, to name a few. Financial services and democratized access to its instruments is, arguably, the most compelling and scalable use-case of the aforementioned. Access to financial services brings incredible benefits to people from all backgrounds. In 2022, the World Bank reported that there were approximately 1.5 billion unbanke