According to PANews on February 12, the DeFi project InfiniFi announced the completion of a US$3 million Pre-Seed round of financing, led by Electric Capital, with participation from New Form Capital, Kraynos Capital, BaboonVC and others.

According to reports, InfiniFi is a DeFi system driven by depositors. Its upcoming InfiniFi deposit receipt token (DRT) will be launched as an asset pegged to the US dollar and will be integrated with AAVE, Pendle and Ethena (and other companies) in the second quarter of this year.