Emerging DeFi Project Router Protocol Raises Seed Funding, To Launch Cross-Ch...

Emerging DeFi Project Router Protocol Raises Seed Funding, To Launch Cross-Ch...

An upcoming DeFi project positioning itself as the best cross-chain liquidity aggregator, Router Protocol has announced a successful conclusion of its first seed funding round. The project has raised a total of $ 480,000 from a prominent consortium comprising of crypto, fintech and DeFi investors based out of Singapore, India and the US. The Router […]


Related News

Mintbase Raises $1M Seed Round to Bring NFTs to NEAR Protocol

The new funding allows Mintbase to hire developers and designers to prepare for a testnet launch on NEAR before year's end.

DeFi exchange protocol DFX raises $5M in seed funding led by Polychain Capital

Polychain Capital has bet on a new decentralized finance exchange protocol looking to boost the adoption of stablecoins in DeFi. Veteran cryptocurrency investor Polychain Capital has joined a funding round in DFX Finance, a new decentralized finance exchange protocol optimized for non-U.S. dollar stablecoins.DFX raised more than $5 million in seed funding from Polychain and True Ventures to create a new blockchain-powered market for stablecoins and open up DeFi applications to a global audience. Announcing the news Wednesday, DFX said that other investors included industry players like Hex....

DeFi could be coming to Cardano

IOHK’s Project Catalyst names Liqwid as a potential candidate to receive up to $250,000 in ADA funding. IOHK, the development company behind Cardano, has named a DeFi lending protocol as one of its so-called Project Catalyst ideas — sending a strong message that decentralized finance applications could be coming to the project's blockchain. In a series of Twitter posts, IOHK said Tuesday that several promising ideas tied to Project Catalyst will be revealed in the coming days. Project Catalyst is a public fund that is intended to bring “research, social experiments and community consent to....

Crypto-Fueled Market Openbazaar to Close Shop Unless OB1 Raises Community Fun...

On September 25, the creators of the decentralized marketplace, Openbazaar, announced that unless the project can gather community funding, the supporting services like seed nodes and the API wallet will shut down. The firm behind the project, OB1 is also removing the Haven app from the iOS App Store and Google Play on October 1. The open-source decentralized marketplace project Openbazaar started from an idea first conceived at the Bitcoin Hackathon in Toronto in April 2014. The first version of Openbazaar was released on April 4, 2016, and news.Bitcoin.com was one of the first to review....

Ethereum’s DeFi Prediction Market Protocol PlotX Raises 2.4M as it heads towa...

PlotX is a non-custodial DeFi protocol that has been bestowed with the tag of “Uniswap of Prediction Markets” by the Ethereum community. With a seed round of $2.4 million via venture capital funds like NGC Ventures, Brilliance Ventures, Origin Capital, and 3commas, PlotX is launching on the Ethereum main net with the first version of its automated market-making algo for predictions on crypto assets.  “PlotX is an AMM-centric prediction protocol targeting mass-market adoption. It’s effectively […]