DeFi Conglomerate Equilibrium Raises $8.5M to Win a Place on Polkadot

[Tanimariya]

Phase one for the project reached its 250,000 DOT token hard cap. Phase two is looking to net the remaining 750,000 DOT required to land a parachain.
Decentralized finance (DeFi) platform Equilibrium has raised around $8.5 million as part of the process to launch its suite of services on the Polkadot network.

Equilibrium, which calls itself a “DeFi conglomerate,” including lending, stablecoins and swaps, raised the funds over two rounds: $5.5 million was raised back in September and more recently, $2.5 million was raised from investors including CMS Holdings, LD Capital and Signum Capital. source