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Bering Waters OTC Desk and Shyft Network Partnership Enables Institutions to Invest in the Future of DeFi
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Bering Waters OTC Desk and Shyft Network Partnership Enables Institutions to Invest in the Future of DeFi
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RedStone, a Tallin, Estonia-based decentralized finance oracle platform, raised $525K in funding.
The round was led by Maven 11 Capital, with participation from Arweave, Collider Ventures, KR1, 1kx and Bering Waters Ventures.
The company intends to use the funds to continue to expand the partnerships with data providers and protocols that it supports and also to work towards the realization of its long term product roadmap which includes offerings such as cross-chain data bridges.
Led by CEO and founder Jakub Wojciechowski, RedStone provides a cross-chain data oracle providing pricing data for financial protocols. It leverages the Arweave blockchain to create affordable storage with a permanent audit trail and provides an automatic dispute mechanism, backed with insurance through staking. Today, RedStone supports 150 assets across three providers with oracle query interval times of up to ten seconds.
RedStone Raises $525K in First Round of Funding to Expand Its Market Leading Next-Generation Decentralized Oracle Platform
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Place/Date: - May 20th, 2021 at 12:00 pm UTC · 4 min read Contact: Beam,
Source: Beam Foundation
Beam, a layer one privacy blockchain based on a suite of privacy-centric tech such as Mimblewimble, Lelantus-MW and Dandelion has raised $2M to build a decentralized finance ecosystem on a private and scalable blockchain.
The funding will be used to promote Beam’s upcoming blockchain upgrade, which will see the blockchain introduce more support for Confidential Assets and Smart Contracts running in the Beam Virtual Machine, executing code compiled to WebAssembly (WASM).
The Beam protocol enables Confidential Assets, allowing developers to create tokens that are fully private and integrated as first-class citizens on the Beam blockchain, thus benefiting from the same strong privacy guarantees.