Affine Protocol Raises $5.1M From Industry Heavyweights to Develop DeFi Yield Offering
Decentralized protocol Affine has raised $5.1 million in a seed funding round led by Jump Crypto and Hack VC and including contributions from Circle Ventures and Coinbase Ventures.
Ethereum and Polygon-based Affine gives users access to diversified yield across decentralized finance (DeFi) platforms. Affine's aim is to address challenges around impairment loss in liquidity providing. Its flagship basket USD Earn offers automated diversification and yield via liquidity management strategies.
“The market is moving to a multi-chain world which only makes participating in DeFi harder," Polygon co-founder JD Kanani said. "Affine is ahead of the curve in helping end users tackle this complexity in a sustainable way.”
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