HaloDAO Raises $3.5 Million Seed Investment To Create a Global Liquidity Network
  • Decentralized finance protocol HaloDAO raised $3.5 million in seed investment
  • The round was led by Parataxis Capital and included many big players in the industry
  • The project aims to create a global liquidity network through stablecoins

Decentralized finance protocol HaloDAO recently raised 3.5 million dollars in seed investment. The investment round was led by Parataxis Capital and other industry players such as QCP Soteria, GBV (Genesis Block Ventures), Spartan Group, NGC, CMS Holdings, LedgerPrime, Genblock, Petrock Capital, and more.

Aside from these, there are also notable angel investors including Gustav Arentoft from MakerDAO, Dovey Wan from Primitive Crypto, Ajit Tripathi from Aave, Richard Dai formerly from DRW/Cumberland, and Yield Guild Games.

The project aims to address the growing demand for stablecoins and is eyeing the Asian market. According to Jun Yong, Chief Protocol Contributor of HaloDAO, the project is,

on a mission to create an asset agnostic global liquidity netw…

This article was first published on coinquora.com

Continue reading on CoinQuora

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

(Excerpt) Read more Here | 2021-05-21 09:30:00
Image credit: source


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.