Flux Protocol Raises $10.3M Seed Round to Build DeFi Infrastru | Biscuit DAO
Flux Protocol Raises $10.3M Seed Round to Build DeFi Infrastructure on NEAR Distributed Global, Coinbase Ventures and others are betting the data protocol can help lending applications attract users to NEAR. Backers of the speedy NEAR blockchain hope the network can bring DeFi to the mainstream. Flux’s model adds some economic guarantees to the mix. Validators stake tokens as a form of collateral. If their resolution data is accurate, the tokens stay put. But inaccurate reporting could lead to arbitration, and validators found in the wrong could see their tokens slashed
