As discussed in our previous articles, Root’s DeFi Lab, Bloomworks is building out an ecosystem of Stem protocols that will be integrated into its Sprout operating system for DeFi. Each Stem protocol is designed to address a different high-EV DeFi market opportunity in order to generate revenue for Root and ultimately build out a one-stop-shop for DeFi. The unique Root and Stem model provides the first realistic model for delivering a comprehensive operating system for DeFi, allowing Root to capture the entire DeFi market.
So far, we’ve announced 4 Stems, namely Seneca, Torus, Cordyceps, and Codex. Each of these Stem protocols have been making exciting progress on their product development as they gear up for launch. Here is an update on what each project has been up to: