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 […]
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On Wednesday, the team behind Solana-based decentralized finance (defi) margin protocol Marginfi, announced Mrgn Labs has raised $3 million in seed funding from investors. With the recently acquired funds, Marginfi aims to build the first cross-margining engine on the Solana blockchain. Mrgn Labs Gets $3 Million in Funding From Strategic Investors Mrgn Labs has revealed the company has raised $3 million from investors in order to bolster defi margin trading, according to a press release announcement on Wednesday. Mrgn Labs is the team behind the defi margin protocol called Marginfi, a....
DeFi protocol Impossible Finance is building a multi-chain incubator to expand out from BSC. Impossible Finance, a Defi protocol built on Binance Smart Chain, has completed a $7 million seed funding round backed by over 125 institutional and angel investors — with the funds going towards the development of a multi chain DeFi incubator. The seed round was led by venture capital firm True Ventures, and quantitative investment firm Alameda Research, blockchain development firm Hashed and investment firm CMS Holdings. Impossible Finance was launched on BSC on April 9, and the protocol....
MULTI, SYN and CELR saw a substantial boost in price as the crypto ecosystem focused on integrating cross-chain interoperability as a new fundamental component in DeFi. Interoperability is shaping up to be one of the main themes for the cryptocurrency market in 2022 as projects across the ecosystem unveil integrations that make their networks Ethereum (ETH) Virtual Machine (EVM) compatible.While this has been one of the long-term goals of the ecosystem as a step on the path to an interconnected network of protocols, it has also created a new decentralized finance (DeFi) market for....
Panther's public sale involved 5% of the total ZKP supply, with 15% being sold via seed, pre-seed and private funding. Panther Protocol, a privacy-enhancing technology provider for the decentralized finance (DeFi) industry, has completed its public sale to continue building privacy solutions for DeFi and Web3.Panter announced to Cointelegraph on Nov. 25 that it raised $22 million in its recent public sale of ZKP tokens, bringing the total amount raised to $32 million.Starting on Nov. 23, the Panther Protocol public sale successfully closed in just under 90 minutes, the Panther project....
PRESS RELEASE. Phuture, a decentralised protocol built for the creation and investment of passive index strategies in a Web3 environment, today announced that it has completed its private seed round fundraise. The round, led by Ascensive Assets, raised a total of $1.5 million. Once live, Phuture will introduce an open design philosophy for creating passive investment strategies. Designed from the ground up to be intuitive to both crypto and non-crypto native users, Phuture provides the tools to create new indices or invest into existing ones created by the community. The Phuture protocol....