DeFi.app Completes $2 Million Seed Round Financing, Valued at $100 Million

Seed Round Financing Overview

DeFi.app, a decentralized finance project, has successfully raised $2 million in a seed round financing, reaching a valuation of $100 million. The funding was led by Mechanism Capital and included participation from Selini Capital, North Rock Digital, and approximately 50 angel investors. This financing was secured through a Simple Agreement for Future Tokens (SAFT) structure, reflecting the valuation of DeFi.app’s upcoming native token HOME.

Platform Features and Plans

DeFi.app aims to revolutionize the DeFi space by offering a user-friendly platform akin to Robinhood. Their platform simplifies decentralized financial transactions while ensuring users maintain control over their assets. Users can access cross-chain transactions with a single click, explore decentralized derivatives markets, and discover yield opportunities. Notably, users are not charged Gas fees and do not need to bridge assets or undergo KYC verification.

Launch Timeline and Future Goals

Founder Greer revealed that the public beta of DeFi.app will be released this month, with the mainnet and HOME token scheduled for launch in the first half of next year. Additionally, DeFi.app plans to execute a token airdrop and expand its team to further enhance the platform’s capabilities and offerings.

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