Arweave-based DeFi protocol everFinance has raised $1 million | Top DeFi

Arweave-based DeFi protocol everFinance has raised $1 million in seed funding

According to official sources, everFinance, the Arweave-based DeFi protocol, announced the completion of a million dollar seed funding round with DeBank CEO Hongbo Tan and DODO founder Lei Mind.

The funding was co-funded by HashKey and SevenX Ventures, and participating institutions include Arweave Official, Mask Network, DODO, OKEx Blockdream Ventures, Digital Renaissance Foundation (Cao Yin), D1 Ventures, etc.

Individual investors include DeBank CEO Hongbo Tan and DODO founder Lei Minda.

everFinance is based on Arweave's DeFi protocol. Its everPay product was officially released May 21. Users can use everPay to transfer free Ethereum and ERC20 tokens. According to the team, everPay will support cross-chain from Arweave to Ethereum.