PANews reported on December 5 that according to The Block, DeFi.app has completed a $2 million seed round of financing, with a valuation of $100 million. The round was led by Mechanism Capital, with participation from Selini Capital, North Rock Digital and about 50 angel investors. The financing was completed through a Simple Agreement for Future Tokens (SAFT) structure, reflecting the fully diluted valuation of DeFi.app's yet-to-be-launched native token HOME.

DeFi.app aims to be the "Robinhood of DeFi" and is committed to simplifying decentralized financial transactions while maintaining self-custody of assets. Users can conduct one-click transactions across chains, access decentralized derivatives markets and profit opportunities, and waive gas fees without bridging or KYC verification. Founder Greer revealed that the platform's public beta will be launched this month, and the mainnet and HOME tokens are expected to be released in the first half of next year. In addition, DeFi.app plans to airdrop tokens and expand the team size.