Bitcoin

Framework Ventures and Three Arrows Capital invest $ 3 million in Aave

Aave, head of the DeFi protocol, raised $ 3 million Framework ventures and Three arrows capital. Investment firms bought $ 3 million from TO LENDAave’s domestic token was $ 0.10 per token, a stake that is now worth around $ 7 million.

Both companies will play an active role in the growth of the Aave ecosystem through investments and monitoring to increase the user base of the protocol.. The CEO of Aave, Stani Kulechovcommented the investment:

“Our focus has always been on innovation and careful risk management, which has drawn the attention of Framework Ventures and Three Arrows Capital. Their participation will bring extensive expertise to broaden the protocol for institutional use and will be very helpful to stakeholders be our community. “

Framework ventures It is known throughout the DeFi sector and has supported the growth of several DeFi companies, including Synthetix, Chainlink and Kavaas a very active investor in supporting project growth.

Framework Ventures and Three Arrows Capital invest $ 3 million in Aave
Framework Ventures and Three Arrows Capital invest $ 3 million in Aave

ParaFi also invested $ 4.5 million in cumulative purchases of LEND tokens.

DeFi’s rapid growth

In the past two weeks The total locked in Aave has increased exponentiallyfrom $ 115 million to $ 218 million. Users can borrow or deposit a range of stall coins and major cryptocurrenciesincluding Bitcoin (BTC), Ethereum (ETH), Basic Attention Token (BAT) and Chainlink (LINK).

Total locked in Aave

Total locked in Aave. Source: DeFi Pulse

Defi has seen a surge in public interest after Compound launchedAs a result, the total amount blocked in Defi has increased from $ 1.08 billion to $ 2.54 billion in the past 30 days.

Similar Posts