Curvance Raises $3.6M in Seed Round for Yield Farming Platform
Curvance, a new platform for yield farming and maximizing yield on DeFi investments, has announced the completion of a $3.6 million seed round. The funding was supported by Offchain Labs, Wormhole, prominent angel investors, and core contributors from various DeFi projects. Decentralized Autonomous Organizations (DAOs) also participated in the round.
All-in-One Solution for Lending and Borrowing
Curvance, founded in 2022, aims to be the go-to platform for lending and borrowing in the decentralized finance (DeFi) space. It offers users a comprehensive way to manage their assets without the fragmentation and barriers that currently exist.
“Curvance will give users an easy route to participate in Polygon DeFi, making onboarding easier than ever,” says Sandeep Nailwal from Polygon.
Omnichain Infrastructure for Enhanced Efficiency
By utilizing omnichain infrastructure, Curvance can support multiple partner chains simultaneously, including Ethereum, Arbitrum, Optimism, Scroll, Base, and Polygon zkEVM. This cross-functional design allows for increased capital efficiency and works alongside popular decentralized exchanges (DEXs) and other assets such as Liquid Staking Derivatives (LSDs).
“With this funding round, Curvance will provide a more approachable money market experience for both newcomers and experienced yield farmers,” says Co-Founder Chris Carapola.
Expansion Plans and Continued Development
The raised capital will be used to support Curvance’s operations costs, security audits, and the hiring of additional talent. The company aims to launch on testnet soon.
“We ended up with a group of investors who care about our long-term success,” says Co-Founder Michael Butcher. “We’re excited about the future.”
Learn More About Curvance
To learn more about Curvance, visit their website and follow them on Twitter.
Hot Take: Curvance Revolutionizes DeFi Yield Farming
Curvance’s innovative approach to yield farming and maximizing DeFi investments is set to disrupt the industry. With its all-in-one platform and omnichain infrastructure, it provides users with a seamless experience and increased capital efficiency. The successful seed round funding will fuel Curvance’s expansion plans and continued development, bringing an approachable money market experience to both newcomers and experienced yield farmers. With a strong group of investors backing the project, Curvance is well-positioned for success in the evolving DeFi landscape.
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