DeFi project InfiniFi completes $3 million Pre-Seed round of financing, led by Electric Capital

PA一线
PA一线

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.

Share to:

Author: PA一线

This content is for market information only and is not investment advice.

Follow PANews official accounts, navigate bull and bear markets together
Telegram Discussion Group
Telegram News Channel
@PANews
Recommended Reading
PA日报

PA日报

PA Daily News | RedotPay plans to raise over $1 billion in a US IPO; Trump's "Peace Commission" proposes stablecoin to reshape Gaza's economy.
Frank

Frank

Is Polymarket rushing to issue cryptocurrency to boost revenue figures? The sports market is opening up to fees, aiming to become the new "money-printing machine" of Web3.
PA一线

PA一线

Frontera Labs, the developer of the Strata Protocol, has raised $3 million in seed funding.
PA一线

PA一线

DeFi protocol Zoo Finance has completed an $8 million strategic funding round, aiming to unlock liquidity from locked tokens.
Jae

Jae

The New Battleground for Parallel EVMs: A Look at 12 Emerging Forces in the Monad Ecosystem
ODIG Invest

ODIG Invest

A self-reflection on the cryptocurrency risk culture: Principal protection and new fundraising paradigms

Popular Articles

Industry News
Market Trends
Curated Readings
Subscribe
PANews App
24/7 blockchain news tracking and in-depth analysis.
Download PANews App
App StoreGoogle Play
PANews APP
Data: Ethena white-label stablecoin's total supply surpasses $150 million.
PANews Newsflash