Infinit, a DeFi abstraction protocol, has raised $6 million in a funding round led by Electric Capital, Mirana Ventures, Hashed, and Maelstrom, the family office of Arthur Hayes.
Other investors include Lightspeed Faction, Nomad Capital, Robot Ventures, Tangent, and Presto Labs.
The project said it plans to use the newly raised funds to improve its infrastructure and provide a more seamless experience for DeFi protocol developers.
According to a statement shared with The Block, Infinit, which supports end-to-end DeFi infrastructure, already powers 12 apps across three chains, including protocols such as INIT Capital, Ethena, and ZeroLend.
Infinit aims to simplify the process by abstracting away technical details. The project added that it provides infrastructure tooling for developing DeFi applications, including money markets, DEXs, perpetual platforms, and yield protocols. “The goal is to eventually make coding obsolete, so that anyone can build and ship with the INFINIT frontend in minutes,” the team said.
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