A DeFi platform looking to make entering the market easier raises $4.9 million

Spread the love

A new platform aiming to cut down the steps to enter the decentralized finance (DeFi) world has raised $4.9 million in funding. YIELD allows users to invest in digital assets, smart contracts and protocols through one app.

Private investors funded $3.4 million, with Alphabit Fund, Digital Strategies and Yeoman’s Capital contributing, among others. The remaining $1.5 million came from a token event with TrustSwap that garnered $1.2 million in 12 hours and a crowdfunding equity event with BnkToTheFuture that brought in just under $300,000.

BnkToTheFuture has enabled funding rounds from the likes of BitFinex, Kraken and Wirex. CEO Simon Dixon said the investment platform has been getting lots of requests for opportunities to invest in DeFi projects.

“We were trying to find one that actually has a well-structured company behind it; this is how we came across YIELD,” he said in the announcement.

YIELD has a restricted banking license and trust management license from Mwali, according to the project team.

RECOMMENDED READ:  Algorand, STEEM, Stellar Lumens Price Movement Analysis 2nd March 2021

 224 Interactions,  2 today

READ ALSO:
Romanian university intends to consider cryptocurrency payments for admissions fees.

The academic college, which has about 11,000 students, stated that the inclusion of crypto payments was part of a campaign Read more

Bitcoin Price Movement Analysis for 11th April, 2021

Is Bitcoin nearing its peak? It's unlikely. Many on-chain measurements revealed that, although Bitcoin was highly bullish, it had not Read more

Fidelity’s Tom Jessop on why Crypto has reached a “tipping point.”

The crypto market has gained traction as a result of low interest rates and fiscal stimulus, according to a Fidelity Read more

How arrests for attempting to obtain a hitman and a nuclear bomb demonstrate that the dark web is not always anonymous.

Paying with cryptocurrency does not guarantee your safety. Most of the criticisms levelled at cryptocurrencies is that its difficult-to-trace existence Read more

The cryptocurrency market cap has surpassed $2 trillion, making it as valuable as Apple.

For the first time, the total market value of all cryptocurrencies exceeds $2 trillion. According to Goingecko numbers, the total Read more

Why crypto analyst Ben Armstrong says, ‘He Very Confident Bitcoin Will Reach $300K This Year.’

Recently, blockchain expert and influencer Ben Armstrong mentioned Bitcoin in a video posted to his highly popular YouTube channel “BitBoy Read more

Binance Coin, Dogecoin, SushiSwap Price Movement Analysis for 4th April, 2021

Binance Coin predicted that fresher record thresholds will be set in the coming days due to solid technicals. Following a Read more

Tron Price Movement Analysis for 4th April, 2021

In the cryptocurrency industry, excessive uncertainty has had a long-term effect on the price of the digital commodity. This uncertainty Read more

Chainlink, DigiByte, Enjin Coin Price Movement Analysis for 4th April, 2021

Bitcoin faced some selling pressure just above the $59k mark, leading it to slip to $56,600. The majority of the Read more

Bitcoin fell by more than 4%, causing many other cryptocurrencies to plummet drastically.

The world's most expensive cryptocurrency fell 4.1 percent, bringing several other coins down with it, sending the economy into the Read more

Leave a Reply

Contact Us