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Zug, April 28, 2021 The Occam Association is pleased to announce that CV VC, an early-stage venture capital investor, has become an accelerator advisor of the Occam.fi ecosystem. CV VC, based in the same Swiss canton as the Occam Association, helps to accelerate the growth of blockchain projects from incubation to raising capital. Over the years, CV VC has been supporting the growing Cardano community through its relationship with the Cardano Foundation.
CV VC will now advise the Occam.fi ecosystem members on incubation, blockchain development, growth hacking and help Occam.fi ecosystem participants achieve their maximum potential as well as accelerate Cardano’s DeFi offerings.
Place/Date: New York, NY, USA - April 27th, 2021 at 5:08 pm UTC · 3 min read
BENQI, an algorithmic liquidity protocol on Avalanche is proud to announce the raising of $6 million in funding from external investors and advisors. Thanks to this funding round, the lending and borrowing protocol on Avalanche will continue developing its services and features.
The BENQI team successfully completed a $6 million funding round from various external investors and advisors, led by Ascensive. Participants include Dragonfly Capital, Arrington XRP Capital, Mechanism Capital, Spartan Group, Rarestone, Woodstock, Ava Labs, MarketAcross, Morningstar Ventures, and many other reputable industry names.
The team’s vision of launching a lending and borrowing protocol to service Avalanche users and bridging it to other blockchains will bring more prominent attention to the decentralized finance space.
Place/Date: Tortola, BVI - April 14th, 2021 at 4:51 am UTC · 3 min read
With the tailwinds of a fresh $2.2 million fundraising at its back, Don-Key aims to become the eToro of DeFi by building a comprehensive social platform for yield farming designed to improve accessibility and magnify yield farmers’ potential.
Platform Designed To Attract Capital By Easing Entry For Newcomers
Decentralized finance (DeFi) is finally capitalizing on blockchain’s ability to displace traditional centralized finance (CeFi), but the road to adoption remains long despite its progress.
As DeFi’s popularity grows with time, it is shining a spotlight on one of the most complex yet vital ecosystem activities: yield farming. For the uninitiated, yield farming is effectively like depositing money in a certificate of deposit (CD) that earns periodic interest when locked up. However, unlike CD yields which typically only yield a few percent annually, yield farming returns (APY) can be multiple mag
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.