led by Electric Capital with participation from Jump Crypto, Dragonfly Capital, Leminscap and Ethereal Ventures, among others. The investment in the Trisolaris decentralized autonomous organization totaled $4.5 million, the company told CoinDesk in an email.. The Aurora engine lets developers fork Ethereum-compatible contracts and deploy Solidity code on the layer 1 Near blockchain.with a $100 million funding round in January.
Trisolaris will use the capital to expand its team to continue investing in key product areas. The near-term roadmap includes improving the trading experience and infrastructure, and launching decentralized finance primitives and cross-chain swaps between Near and Aurora. There are also plans to revamp the tokenomics behind the native TRI token and integrate the token into more Near ecosystem projects.
Last week, Trisolaris launched a new stableswap product that allows users to swap funds across multiple automated market makers from one interface. Trisolaris hopes to grow the product to over $500 million in liquidity.
trisolarislabs NEARProtocol ElectricCapital BrandyBetz NEARProtocol prides itself in supporting projects building on the NEAR ecosystem. Earlier in October, project Aurora raised $12 million to enable Ethereum Virtual Machine (EVM) contracts on the Near blockchain, in what may be the first step towards a full DeFi ecosystem.
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