The DeFi strategic agreement Ammalgam announced the completion of the $750000 pre-seed round of financing
On February 27th, the DeFi strategic agreement Ammalgam announced that it would complete the US $750000 pre-seed round of financing in the third quarter of 2022, with the participation of Kain Warwick, founder of Synthetix, Robert Leshner, Anton, Sergej, Mikhail, TarunChitra, Santiago RSantos, BodhiVentures, BootNode, MarinVentures, Kevin Zhou, Factor, ZealCapital, etc. It is reported that Ammalgam will release more DeFi functions by combining lending and trading into one agreement. This combination constitutes a source of income, improves capital efficiency and unlocks unlimited strategies for market makers.
Interpretation of this information:
The DeFi strategic agreement Ammalgam has announced that it will be completing a $750,000 pre-seed round of financing in Q3 2022, with the participation of well-known figures such as Kain Warwick, founder of Synthetix, and Robert Leshner. The purpose of this funding is to release more DeFi functions that combine lending and trading into a single agreement, thus increasing efficiency and generating income for market makers. The combination of these two functions opens up unlimited possibilities for strategies to be employed.
DeFi, or decentralized finance, is on the rise as more and more people become interested in decentralized technologies. It provides a way to access financial services without the need for intermediaries such as banks. However, DeFi systems can be complex and difficult to use for the average person. This is where Ammalgam comes in – by combining lending and trading, it creates a simpler, more efficient method of accessing financial services.
The fact that well-known figures in the DeFi world are investing in Ammalgam indicates that they believe in the potential of the project. Kain Warwick, in particular, is known for his involvement with Synthetix, a DeFi protocol that provides access to synthetic assets. Robert Leshner, on the other hand, founded Compound, a DeFi protocol that allows for decentralized lending and borrowing. The participation of these figures suggests that Ammalgam has the potential to become a major player in the DeFi space.
Overall, Ammalgam’s announcement of completing its pre-seed round of financing and its plans to release more DeFi functions represents a significant development in the world of decentralized finance. By combining lending and trading, it seeks to create a simpler and more efficient method of accessing financial services. The participation of well-known figures such as Warwick and Leshner indicates that the project has strong potential.
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