According to The Block, Brazil's central bank has selected eight projects to advance its latest version of its financial innovation and technology lab, including a DeFi staking pool by Itaú Unibanco, the country's largest bank. chains and smart contracts allowing custody, currency exchange and alternative investments”, use cases include creating a liquidity pool whose tokens mimic stablecoins and can be pegged to the Brazilian real, US dollar or other fiat currencies, operating similarly to Liquid DeFis operating in the digital asset market. In addition, the list of proposals also includes several other blockchain-related projects, among which Lovecrypto’s proposal involves converting stablecoins on the Celo blockchain into Brazil’s central bank digital currency (CBDC) Real Digital; a project by Delend Tecnologia will form A decentralized credit protocol for SMEs; Celso Jungbluth's separate proposal focuses on decentralized microfinance. The lab will open on September 9, and developers have until December 15 to submit functional prototypes and reports for each project.