DeFi aggregator Frontier raises $1.85 million in seed funding

DeFi • August 26, 2020, 7:00AM EDT
UPDATED: August 26, 2020, 7:05AM EDT
The Block

Decentralized finance (DeFi) aggregator Frontier has raised $1.85 million in seed funding.

The round saw participation from several investors, including FTX, Alameda Research, NGC Ventures, CoinGecko, Bitcoin.com Exchange’s Danish Chaudhry and Matic Network’s Sandeep Nailwal, among others.

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With the fresh capital in place, Frontier plans to bring more users in the DeFi space. The firm believes that the DeFi trend has just begun and will continue to grow bigger.

Frontier's platform is blockchain-agnostic and currently supports multiple DeFi protocols, including Uniswap, Aave, Compound and MakerDAO. The aggregator is set to add support for Polkadot and FTX’s upcoming decentralized exchange Serum. 

Frontier’s native token FRONT will also get listed on Solana-based Serum. The firm said it is also exploring FRONT liquidity additions into Uniswap, Mooniswap, Balancer, and upcoming protocol UniLend Finance.

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Yogita Khatri is a senior reporter at The Block, covering all things crypto. As one of the earliest team members, Yogita has played a pivotal role in breaking numerous stories, exclusives and scoops. With nearly 3,000 articles under her belt, Yogita holds the records as The Block's most-published and most-read author of all time. Prior to joining The Block, Yogita worked at crypto publication CoinDesk and The Economic Times, where she wrote on personal finance. To contact her, email: [email protected]. For her latest work, follow her on X @Yogita_Khatri5.

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