Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: Mahindra on July 09, 2021, 04:26:27 AM
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Decentralized finance (DeFi) platform Zerion, which provides an investing interface across protocols, has raised $8.2 million in a Series A funding round.
The round was led by Mosaic Ventures, with participation from Placeholder, Digital Currency Group, Lightspeed Venture Partners, Blockchain.com Ventures, and several others.
With fresh capital at hand, Zerion plans to grow its 200,000-strong user base to 1 million, bring new features to its platform, and expand its team, co-founder and CEO Evgeny Yurtaev told The Block.
Zerion's current headcount is 18 and its plan is to increase it to 25 by the end of the year, said Yurtaev. The firm is hiring across engineering, product management, and growth and marketing functions.
As for new features, Yurtaev said Zerion is working on improving the current user experience. This will include building a better trading experience, plus asset discovery features, and portfolio tracking. Zerion is a non-custodial platform that provides access to the DeFi market under one roof, including yield-farming tokens and liquidity pools.
Yurtaev said the U.S. is the largest market for Zerion, followed by the U.K., Germany, Australia, and Russia — although the platform has active users from over 150 countries. Zerion claims to have processed over $600 million in transaction volume year-to-date and sees $5 million traded daily, with a median trade size of $1,000.
The platform currently supports Ethereum-based assets and protocols. Yurtaev said it will enable full support for other blockchains, including Polygon and Binance Smart Chain, as well as Layer-2 solutions that have a "meaningful amount of users," in the third quarter of this year. others info (https://www.theblockcrypto.com/post/110675/defi-investing-platform-zerion-series-a-funding)