The latest decentralized finance (DeFi) protocol to get big backing from venture capitalists is Impossible Finance for a multi-chain incubator project.
In an announcement on June 3, the DeFi protocol declared that it had secured $7 million from over 125 institutional and angel investors. The round was co-led by True Ventures, CMS Holdings, Alameda Research, and Hashed.
The list of additional investors was extensive and included Sino Global Capital, IOSG, Divergence, GBV, Lemniscap, Primitive,…
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