On-chain Reserve System InfiniFi Completes $3M Seed Round, Led by Electric Capital

BlockBeats News, February 12, the on-chain reserve system InfiniFi has completed a $3 million seed round financing. The round was led by Electric Capital, with participation from New Form Capital, Kraynos Capital, BaboonVC, and others.

The deposit receipt token (DRT) of InfiniFi will be launched as an asset pegged to the US dollar and will be integrated with AAVE, Pendle, Ethena (and other platforms) in the second quarter of this year.

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