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Avalanche-Based Liquidity Protocol BENQi Receives 6 Million Dollars in Funding

Avalanche-Based Liquidity Protocol BENQi Receives 6 Million Dollars in Funding
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NAOS Finance Completes New Funding Round Raising $5 1M

NAOS Finance Completes New Funding Round Raising $5.1M 5 hours ago by Oluwapelumi Adejumo · 3 min read Photo: NAOS Finance / Medium NAOS Finance is an interoperable marketplace for loans supported by offline income streams. NAOS Finance has gained traction towards the realization of its goal of fully automating tokenization and increasing access to tangible assets on on-chain liquidity. This became clear after an announcement by the NAOS official website that the institution has raised $5.1M in its latest funding. Through this funding, the DeFi project will be able to “build a real-world asset-based infrastructure for the DeFi ecosystem to innovate on.” Barely a month ago, NAOS Finance announced the completion of its seed funding phase, which saw participation from Mechanism Capital, The Spartan Group, SNZ, Youbi Capital, Incuba Alpha, Sora Ventures among others.

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BENQI Closes $6M Round to Create Algorithmic Liquidity Market on Avalanche

BENQI Closes $6M Round to Create Algorithmic Liquidity Market on Avalanche BENQI BENQI Closes $6M Round to Create Algorithmic Liquidity Market on Avalanche NEWARK, N.J., April 14, 2021 (GLOBE NEWSWIRE) BENQI, a liquidity market operating on the Avalanche network, has completed a private funding round. A total of $6 million was raised in a round led by Ascensive Assets. A number of leading investors on blockchain and the emerging Avalanche ecosystem also participated. These include Mechanism Capital, Dragonfly Capital, Arrington XRP Capital and The Spartan Group. Other backers were Morningstar Ventures, Vendetta Capital, TRGC, Genesis Block, Woodstock and Rarestone alongside Ava Labs and leading liquidity provider Skynet Trading.

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Binance Labs Leads $6 Million Round for Moonbeam Network, a Smart Contract Platform and Polkadot Ecosystem Parachain

Binance Labs Leads $6 Million Round for Moonbeam Network, a Smart Contract Platform and Polkadot Ecosystem Parachain April 3, 2021 @ 8:31 am By Omar Faridi Binance Labs recently led a $6 million “strategic” round of the Moonbeam smart contract platform along with contributions from CoinFund and ParaFi. The funds acquired from the investment round will be used to hire development resources, “build additional integrations and developer tools, perform third-party security audits, and establish a market presence in Asia,” according to an update from Binance. The company noted that these activities should position the team for the planned launch of the Moonbeam network later this year.

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