Top-Tier Investors Contribute To Struct Finance’s $3.9m Round For DeFi-Focuse...
The decentralized finance industry continues to grow and evolve. More complex and customizable products are coming to market, including DeFi-focused structured products. Struct Finance has secured $3.9 million in seed funding to keep pushing the boundaries of innovation. The Growing Appeal Of Structured Products Consumers and institutions have shown an increased appetite for investing in […]
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The world of structured products is set to undergo tremendous changes. Decentralizing these investment vehicles introduces modularity that would otherwise remain inaccessible. Struct Finance has secured $3.9 million in seed funding to usher in the era of decentralized structured products. Takes A Different Approach It is no secret that decentralized finance remains one of the most appealing concepts of blockchain and cryptocurrency today. The industry has grown from small beginnings and now represents over $220 billion in Total Value Locked. Users are drawn to these protocols, products,....
HONG KONG, Aug. 20, 2021 — Vera, a non-fungible token (NFT) decentralized finance (DeFi) blockchain platform, recently completed its seed round of funding for a total of $3 million. The round was led by Animoca Brands, one of the world’s leading NFT gaming companies and investors, with participation from other venture capital and private equity investors such […]
Mumbai-based WazirX crypto exchange's latest data shows a 2,648% growth till date in user signups from smaller cities across India. India’s regulatory uncertainties have not affected the investor’s sentiment towards crypto as the latest data from crypto exchanges suggests a rising influx of users. Binance-owned Indian crypto exchange WazirX reported a 2,648% growth to date in user signups from smaller cities across India, also known as tier-II and tier-III cities, that can host up to 100,000 citizens. The Mumbai-based exchange reported:“Tier-II and tier-III cities have driven almost 55% of....
Port Finance, the Solana-based lending protocol with the vision of bringing a whole suite of interest rate products to DeFi users, has raised $5.3M in its latest strategic funding round. The round is led by Alameda Research with participation from Spartan Group, Brevan Howard, and A41. Port Finance’s list of existing investors also includes Jump Capital, Solana Foundation, GSR, and Defi Alliance. Port Finance was the first to launch a variable rate lending product on Solana’s mainnet in July 2021. The platform now supports 13 different assets from the Solana, Ethereum, Terra and Bitcoin....
Yearn.finance’s price has been caught within the throes of an intense downtrend throughout the past week, which came about due to various factors. The weakness seen throughout the aggregated DeFi sector certainly contributed to the decline Yearn.finance’s governance token – called YFI – has seen as of late, but it appears to have been sparked […]