DeFi startup Quasar Finance raises $5.4 million at a $70 million valuation

protocolThe startup’s total funding now amounts to $11.5 million“Securing this funding given ongoing and difficult market conditions is a massive show of confidence and a significant reaffirmation of our partners' commitment to the common goal — making non-custodial and permissionless asset management available to all,” ValentinQuasar Finance aims to enable users to create vaults and enable strategies that can deploy assets across multiple blockchains.

The Cosmos ecosystem, which Quasar builds within, uses an inter-blockchain communication protocol that enables independent blockchains to communicate with one and other as well as trade assets. The release of IBC helps make Quasar’s services possible. One of the startup’s first offerings will be a rebalancing index of the Cosmos ecosystem, which is capable of staking included assets, according to the release.

"Quasar is an irreplaceable cornerstone of Cosmos and is a critical unlock for DeFi across IBC protocols,” said Alex Lin, head of research and investor at Shima Capital. “Quasar not only solves the ecosystem's fragmented capital shortcomings but also provides cutting-edge, secure vault mechanisms for a diverse user base.”

© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.By signing-up you agree to our

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

DeFi Protocol Yearn Finance Will Now Let Anyone Create Curve Reward FarmsYearn Finance will allow users to create their own vaults to accrue yield and deposit proceeds to earn even more token rewards. By shauryamalwa. shauryamalwa Like hex? hex shauryamalwa Cool. Blockchains like WAX_io already have smart contracts with third party companies like tacowax that have rewards for LP holders. shauryamalwa Richard Heart has long since done that. hex $hex eth
مصدر: CoinDesk - 🏆 291. / 63 اقرأ أكثر »

Watchdog complaint alleges Rep. George Santos committed campaign finance violationsA federal watchdog on Monday urged the Federal Election Commission to investigate Rep. George Santos, R-N.Y., alleging he violated federal campaign finance laws. He invented the iPhone, and was the last man to walk on the moon. No wonder the gop loves him so much. He should be tossed from office immediately for lying to the American People. When will we stand up & make Congress pass legislation that makes it illegal for politicians, elected officials & their staffers to knowingly lie, deceive or propagandize Americans? Oh, so now ya boi is fraudulent with the racks too? -ONE.💰
مصدر: ABC - 🏆 471. / 51 اقرأ أكثر »