Capital Injection To Drive System’s Scaling & Capacity Expansion
With competition in the decentralized finance arena mounting, more networks aim to play a role in this financial revolution and capitalize on its growth. However, serious gaps in the infrastructure remain, and the fragmented ecosystem continues to pose challenges for investors demanding deep liquidity and fast execution.
To address DeFi’s holes, deFIRE is developing a bridge between on-chain liquidity and the order execution available from decentralized exchanges through its highly performant smart order routing mechanism. This DeFi platform incubated by Occam.Fi, a group building Cardano’s DeFi layer, will support token swaps, DEX order routing services, and operate as a trusted intermediary between wallets and exchanges.
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Switzerland, Zug, May 13, 2021 DeFire, the decentralized smart order routing engine being built on Cardano, has raised $5 million in a pre-IDO funding round. The venture capital round comes shortly before the DeFire token makes its debut through an initial DEX offering on the OccamRazer platform.
The successful close of this latest fundraising round is a key milestone for DeFire in its journey to pioneer Cardano’s DeFi landscape. DeFire plans to spend the funds by expanding its infrastructure, growing its headcount, and scaling its operations through increasing the platform capacity.
DeFire’s vision has attracted the support of many reputed angels and new investors from every corner of the blockchain sphere.
Place/Date: Zug, Switzerland - May 13th, 2021 at 4:13 pm UTC · 4 min read
deFIRE, the decentralized smart order routing engine being built on Сardano, has raised $5 million in a pre-IDO funding round. The venture capital round comes shortly before the deFIRE token makes its debut through an initial DEX offering on the OccamRazer platform.
The successful close of this latest fundraising round is a key milestone for deFIRE in its journey to pioneer the Cardano’s DeFi landscape. deFIRE plans to spend the funds by expanding its infrastructure, growing its headcount, and scaling its operations through increasing the platform capacity.
deFIRE’s vision has attracted the support of many reputed angels, as well as new investors from every corner of the blockchain sphere.
Cardano (ADA) advanced above $1.74 this Friday
$1.4 represents a strong support level
Cardano (ADA) has advanced from $0.18 above $1.74 since the beginning of the 2021 year, and the current price stands around $1.60. The cryptocurrency market continues to trade in a bull zone; Bitcoin has stabilized above the $58000 level, indicating that the price could advance again above the $60000 resistance level.
Fundamental analysis: Occam and Bondly announced a partnership to bring NFTs and DeFi to Cardano
Cardano is an entirely open-source that represents identity, value, and governance, all in one platform. Cardano is connected with various payment programs, and it has its own cryptocurrency known as ADA.