Institutional Investors Fuel Infinit's Venture Capital in DeFi Infrastructure
Infinit's DeFi Abstraction Protocol Grabs $6 Million from Leading Investors
Infinit, a leading DeFi abstraction platform, has successfully raised $6 million in a funding round that included major institutional investors and venture capital partners.
The investment was spearheaded by Electric Capital, along with the prominent family office of Arthur Hayes, known as Maelstrom. Other noteworthy investors included Mirana Ventures, Hashed, Lightspeed Faction, Nomad Capital, Robot Ventures, Tangent, and Presto Labs.
Funding Allocation and Future Plans
- Enhance infrastructure to support DeFi builders
- Facilitate seamless user experiences in application development
- Support twelve existing applications across three different blockchains
Infinit aims to abstract away complex technical details of DeFi application development. The protocol currently powers several prominent projects such as INIT Capital, Ethena, and ZeroLend. The vision is to make development accessible, allowing anyone to build and launch DeFi applications without extensive coding.
Conclusion: A New Era for DeFi Development
With this funding, Infinit is poised to revolutionize DeFi infrastructure, making it easier for new protocols to emerge in the market. The goal is to minimize coding requirements through an intuitive frontend, enabling rapid project launches.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.