Unstoppable Finance Raises $12.8M to Build DeFi Wallet

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

German fintech firm Unstoppable Finance has raised 12.5 million euros ($12.8 million) to develop its DeFi wallet 'Ultimate.' By JamieCrawleyCD

Ultimate is a self-custody wallet mobile app which offers access to a DeFi protocols with the aim of offering easy investing and trading to the masses.Unstoppable hopes to make DeFi more accessible for a mainstream audience by condensing the options available. Users will be able to use three protocols in the wallet's initial version: the Orca exchange for trading, Lido Finance for liquid staking and Friktion Finance for higher yields.

"Today’s DeFi users struggle to determine which protocols among the sea of options out there present legitimate opportunities that are fit for their risk profile," CEO Maximilian von Wallenberg-Pachaly told CoinDesk. Lightspeed Ventures advisor Banafsheh Fathieh said she is confident Ultimate will be"the missing conduit" between DeFi and retail investors.

The app is set to be rolled out in private beta in the coming days, with a full roll out on iOS in a few months time. Unstoppable Finance plans to release it on Android thereafter. So far, around 300,000 users have pre-registered for access to the app when it is available.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

JamieCrawleyCD It's CeFi not DeFi stop the lies! DeFi will never exist.

JamieCrawleyCD

JamieCrawleyCD Ok I'll say it... unstoppable!!

JamieCrawleyCD There's no stopping these guys.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Reserve Bank of Australia to Pilot Digital Currency, Explore Use Cases – Finance Bitcoin NewsThe monetary authority in Australia is beginning research into the potential economic benefits of issuing a central bank digital currency. Hoooow coooome Uniswap alloooows this , Let's pump again SpellCoin 🚀🔥🔥🔥 If they stopp this I can no longer payy my rentss?
Source: BTCTN - 🏆 531. / 51 Read more »

Curve Finance resolves hack from earlier todayCurve Finance, one of the largest decentralized exchanges, had its front end hacked earlier today for approximately $570,000. Curve has resolved the issue, and recommended users revoke any approved contracts on its platform. Whyy is everyonee silent about thiss? They claim it's resolved but that doesn't make it true, what hard evidence do you actually have to support your story? CURVE'S SMART CONTRACT WAS NOT HACKED. ONLY THE FRONTLEND, HIJACKED. THEFT OF THE ONLINE WEBSITE ADDRESS
Source: TheBlock__ - 🏆 464. / 53 Read more »

BREAKING: Curve Finance team warns users to avoid using site until further noticeThough its exchange seems to be unaffected by the attack, the project still encourages users to exercise caution when interacting with its other products until further notice. Bitcoin is the key to new generational wealths .. and with the help of AnthonybdFx trading with the big banks ...I was able to profit 100% of my deposit..I love the Internet mehn
Source: Cointelegraph - 🏆 562. / 51 Read more »

Lebanon Ponzi Finance: World Bank Says Politicians Are to Blame for the 'Deliberate Depression' – Bitcoin NewsThe World Bank insists Lebanon's problems have more to do with past decisions made by the country's politicians. lebanonponzi worldbank There's nothin like itt Ummmm helloooo Let's talk aboooout the biggest stoooory in defi The Fed better pay attention...of course they may just be doing all this intentionally.
Source: BTCTN - 🏆 531. / 51 Read more »

Tim Eyman loses home in Mukilteo to creditors over campaign finance violationsU.S. Bankruptcy Judge Marc Barreca has ordered Tim Eyman to sell his Mukilteo home as financial restitution for his outstanding $5.6 million in civil penalties over campaign finance law violations. Can you spot the difference?🐷
Source: Mynorthwest - 🏆 438. / 53 Read more »