DeFi aggregator Frontier raises $1.85 million in seed funding
August 26, 2020, 7:00AM EDT
1 min read
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.
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.
Iceland-headquartered bitcoin mining firm Genesis Digital Assets has raised $431 million in a strategic funding round led by investment firm Paradigm. Genesis Digital Assets said in an announcement on Tuesday that other investors in the round included NYDIG, Stoneridge, FTX, Ribbit, Electric Capital, Skybridge, and Kingsway Capital. Kingsway also invested $125 million in a previous […]