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Flurry Finance has closed a $3 million funding spherical.
Flurry Finance Outlines Plans for DeFi Protocol
Flurry Finance, the crew behind FLURRY, a DeFi protocol providing yield aggregation, not too long ago closed its newest funding spherical value $3 million. Buyers embody AU21 Capital, GenBlock Capital, Shima Capital, CoinUnited.io, One Block, Soul Capital, and Dutch Crypto Buyers. The recent funds can be utilized in preparation for its product launch in Q3 2021, in addition to its IDO which can happen in the identical interval.
FLURRY goals to reinforce the usability of DeFi merchandise, offering a versatile and user-oriented mannequin to the digital neighborhood. As an modern product that shapes the way forward for yield farming, FLURRY offers everybody with choices to entry DeFi alternatives and develop their crypto property.
An AU21 Capital consultant stated of the elevate:
“With its founding crew of seasoned operators who’ve in depth expertise on this area, FLURRY Finance is pioneering the worldwide pattern in the direction of yield aggregation. We’re proud to again FLURRY Finance and desperate to see the subsequent step of their journey. We stay up for supporting the crew in its subsequent section of improvement because it continues delivering on progress and innovation.”
Mike Ting, CEO of Flurry Finance, added:
“We’re humbled to work with world-class companions comparable to AU21 Capital, GenBlock Capital, Shima Capital, and others. What this exhibits is just not solely an important dedication to our firm but additionally to the business. Our focus now could be to scale our protocol whereas persevering with to innovate and pioneer within the DeFi area. We’re excited to supply customers a extra environment friendly and extra handy answer to yield farming.”
At FLURRY, the crew believes that the evolving DeFi area and know-how will quickly outpace the standard rate of interest mannequin with higher and extra environment friendly options. Therefore, the crew goals to introduce the next-generation mannequin of yield farming that’s extra environment friendly and handy for everybody. FLURRY Finance launched rhoToken, a cross-chain token that can use its underlying stablecoins to grant automated yield farming with decrease charges and diversified dangers.
The funds raised can be utilized to arrange for the enterprise’s product launch in Q3 2021, in addition to its IDO, which can happen throughout the identical time interval. The funds can even be used to allow cross-chain interoperability, which is predicted for the fourth quarter of this yr.
For extra details about FLURRY Finance and their upcoming IDO and different developments, please go to the official website.
FLURRY is a DeFi protocol providing yield aggregation with rhoToken, which is pegged 1:1 to its underlying stablecoin. It routinely farms for yields with out locking up funds or curiosity earned by diversifying DeFi product threat, leading to decrease fuel charges.
We automate the tedious process of locking/unlocking and switching out and in of DeFi merchandise on completely different chains to generate yield. Present yield aggregators are restricted to Ethereum based mostly merchandise or work on a single chain, whereas FLURRY goals to work cross-chain to search for one of the best yield after price on completely different chains.
Fore extra data, contact Alison Cheng at [email protected] or go to the hyperlinks under.
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