Decentralised Finance Startup Instadapp Raises $10 Million Funding
- ByStartupStory | June 14, 2021
Instadapp raised $10 million funding from its venture company Standard Crypto and strategic partners like Yearn founder Andre Cronje, DeFi Alliance and Longhash Ventures. The company had also previously got funding from entrepreneur investors Naval Ravikant and Balaji Srinivasan, crypto-focused hedge fund Pantera Capital and crypto exchange Coinbase. This time, the funding which rounded up to &12.4 million is because of their soon – to – be – launched tokens.
Instadapp basically is a startup which simplifies the way users interact with Decentralised finances (DeFi). They are trying their ways to remove all the hurdles that DeFi faces right now, thus the reason why Instadapp raised $10 million funding. They aim to make it standardised and unified so that users can easily operate it from one account only. DeFi is an evolving industry, it is hard to keep track and comprehend, Istadapp tries to make that user company interface easy to handle.
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