Express
Yield Optimization Protocol Idle Finance Raises $1.2M To Scale New Features
Summary: Idle Finance, a DeFi yield optimizer, announced that it has raised $1.2 million in seed round funding. The fund was led by gumi Cryptos Capital with participation from companies such as Quantstamp, BlockRock Capital and Long Hash, etc. Idle plans to use the new funds to expand new features of its yield optimization protocol, CEO ...
Idle Finance, a DeFi yield optimizer, announced that it has raised $1.2 million in seed round funding. The fund was led by gumi Cryptos Capital with participation from companies such as Quantstamp, BlockRock Capital and Long Hash, etc.
Idle plans to use the new funds to expand new features of its yield optimization protocol, CEO Matteo Pandolfi said that Idle outstanding other protocols because it has a variety of built-in functions, and focus on compliance and security during development. He told The Block: "We're looking closely at derivatives and generally all interest-bearing assets, and it might be interesting to create verticals within different markets, Other areas we plan to invest in are compliance and ownership experience for our users."
By Mary Liu
Tags: DeFi,gumi Cryptos Capital,Idle Finance
Link: Yield Optimization Protocol Idle Finance Raises $1.2M To Scale New Features [Copy]
