DeversiFi, a Second-tier trading platform Supported by StarkWare’s scalable technology, it announced today that it has completed a $5 million strategic financing led by ParaFi, with Defiance Capital, Lightspeed Venture Partners, Blockchain.com Ventures, Delphi Ventures and others participating in the project.
The funds raised from this round will be used to launch DeversiFi’s 2-tier AMM pool, liquidity mining, and a series of other tools designed to make Ethereum-based DeFi more convenient.
DeversiFi launched a dedicated Governance The token DVF was released in March this year, and its overall token distribution is largely aimed at building a strong community to reward its platform users.
Ethereum has recently soared to a record high, but excessive gasoline fees still exist. And more Tier 2 solutions are needed to be used and accessed.
“Layer 2 scaling is critical to Ethereum’s roadmap. We are creating a hub to invest, exchange, send and lend tokens without the friction and cost of the first layer. With more users We believe that integration with centralized switches is essential to reduce barriers to access to L2 DeFi,” said Will Harborne, co-founder of DeversiFi.
DeversiFi’s round of financing also attracted participation from Fenbushi Capital, OKEx, StarkWare, Longhash Ventures, and famous DeFi founders (such as Kain Warwick of Synthetix, Stani Kulechov of Aave, Mona El Isa of Enzyme, etc.).
The participation and involvement of Lightspeed Venture Partners, one of the world’s top venture capital companies, is known for their investments in consumer technology companies such as Snapchat and Nest, which shows that interest in the field of decentralization is becoming more and more mainstream.
“DeversiFi has a strong team, first-mover advantage of adopting scaling solutions, and a unique goal to promote DeFi to a wider audience. We are happy to work with them and continue to invest in DeFi.” said Amy Wu, partner at Lightspeed Venture Partners .