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Synthetix announces $12 million raise led by Paradigm, Coinbase Ventures, and IOSG
Summary: Today the synthetic asset protocol announced a $12 million dollar fundraising led by venture capital firms Paradigm, Coinbase Ventures, and IOSG. The funds purchased SNX tokens directly from the DAO treasury, and “will contribute where possible by providing liquidity in the form of SNX collateral, and also participate in its rapidly evolving community governance system,” ...
Today the synthetic asset protocol announced a $12 million dollar fundraising led by venture capital firms Paradigm, Coinbase Ventures, and IOSG. The funds purchased SNX tokens directly from the DAO treasury, and “will contribute where possible by providing liquidity in the form of SNX collateral, and also participate in its rapidly evolving community governance system,” the announcement reads.
“We’re excited about supporting the synthetixDAO as it builds the leading synthetic asset platform,” said Paradigm investment partner Arjun Balaji. “Synthetix has one of the best communities in crypto and we’re glad to be a part of it.”
By Sara Zhang
Tags: SNX,Synthetix
Link: Synthetix announces $12 million raise led by Paradigm, Coinbase Ventures, and IOSG [Copy]
