Alice Raises $2 Million Seed Round to Offer a User-Friendly Mobile Application For DeFi
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Alice Software raises a $2 million seed round to build a front-end financial application sourced from Terra’s growing DeFi ecosystem.
DeFi is here to stay, and we’re excited to make it far less intimidating for everyday users LOS ANGELES (PRWEB) May 13, 2021
Alice, a mobile Decentralized Finance (DeFi) application, has announced a $2 million seed round fundraise led by Arrington Capital, Co-Founder and CEO of Terraform Labs Do Kwon, Mechanism Capital, and Accomplice Blockchain. Alice will build a front-end financial application deriving fast payments and offering access to high-yield from DeFi supplying it to mainstream users with a user-friendly interface.
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Decentralized exchange dTrade is bringing derivatives trading to the Polkadot ecosystem after concluding a $6.4-million seed investment round, setting the stage for wider decentralized finance use cases on the developer network.
The private investment round was led by some of the biggest names in the blockchain venture capital world, including Three Arrows Capital and DeFiance. Polychain Capital, ParaFi Capital, Huobi, Mechanism Capital, Bixin Ventures, IOSG Ventures, Hypersphere Ventures and Fenbushi Capital also participated.
Several companies have also stepped up to support liquidity on dTrade, including Alameda Research, CMS Holdings, MGNR, Kronos and Wintermute.
As a decentralized exchange, dTrade allows for the trading of perpetual swaps and options with on-chain settlement. In theory, the platform can accommodate unlimited derivatives markets without custodial and counterparty risks. The trading platform is not available to United States-based traders.
Upshot, a Boston, MA-based blockchain-based protocol that incentivizes experts to answer subjective questions honestly, raised $7.5m in Series A funding.
The round was co-led by Framework Ventures, CoinFund and Blockchain Capital with participation from Slow Ventures, Mechanism Capital, Delphi Digital, CMS Holdings, Stani Kulechov, Kain Warwick, Ryan Selkis, FlamingoDAO, Andrew Steinwold, Shayne Coplan, Cooper Turley, gmoneyNFT, Meltem Demirors, Tegan Kline, Tony Sheng, Andy Chorlian, and several other notable figures in the NFT space.
The company intends to use the funds to continue to expand operations and its business reach.
Led by CEO Nick Emmons, Upshot uses a novel algorithm that analyzes people’s answers to questions and rewards experts who provide credible information for appraising a wide variety of digital assets. The company’s first product – Upshot One – is specifically designed to tackle the problem of NFT price-discovery by incentivizing a community of expe
Six Upcoming Blockchain Projects You Should Be Watching By IBTimes Staff Reporter Six Upcoming Blockchain Projects You Should Be Watching Photo: Pixabay
Token offerings have been through multiple iterations over the years, fueled by the need for projects to gain recognition and liquidity for their tokens, and the insatiable appetite of crypto users for the latest and greatest new investments.
With multitude projects raising funding the DeFi and NFT ecosystem are exploding. The latest iteration of the funding raising is called an IDO (initial DEX offering).
Essentially, it’s the same model as an initial exchange offering, only with the added benefits of decentralization and more flexibility for token issuers. Given the serious liquidity that DEXs such as Uniswap and PancakeSwap now command, it’s hardly surprising that more and more projects are looking to the IDO as a means of crowdsourcing liquidity for their tokens.
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.