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Home»ADOPTION NEWS»DeFi abstraction platform Infinit raises $6 million from investors including Electric Capital, Arthur Hayes’ Maelstrom
ADOPTION NEWS

DeFi abstraction platform Infinit raises $6 million from investors including Electric Capital, Arthur Hayes’ Maelstrom

By Crypto FlexsSeptember 12, 20242 Mins Read
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DeFi abstraction platform Infinit raises  million from investors including Electric Capital, Arthur Hayes’ Maelstrom
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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.


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, influential and timely information on the cryptocurrency industry. Current financial disclosures are as follows:

© 2024 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.

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