CryptoNinjas” Layer-2 Ethereum trading platform DeversiFi raises $5M in new funding round
DeversiFi, a layer-2 trading platform powered by StarkWare’s scalable technology, revealed today it has closed a $5 million tactical financing round led by ParaFi with involvement from Defiance Capital, Lightspeed Venture Partners, Blockchain.com Ventures, Delphi Ventures, and others.
Funds raised from the round will go towards the launch of DeversiFi’s layer-2 AMM pools, liquidity mining, and a suite of other tools developed to make Ethereum-based DeFi more convenient.
DeversiFi released its purpose-built governance token DVF in March this year, with its total token circulation greatly tailored towards developing a strong community that rewards the users of their platform.
ETH has actually recently risen to all-time highs but the issue of extreme gas charges stays; with the requirement for more layer-2 services to be made available and available.