Interest Rate Swap Protocol Kairos Completes $2.4 Million Seed Round, Led by 6th Man Ventures

BlockBeats News, March 25th, Interest rate swap protocol Kairos Labs announced the completion of a $2.4 million seed round of financing, led by 6th Man Ventures, with participation from Lattice, Advancit Capital, and Compa Capital.

At the same time, Kairos released its technical whitepaper, launching a permissionless, non-custodial interest rate swap protocol based on EVM, planning to go live on the Ethereum mainnet and Base in the coming weeks.

The protocol allows users to create interest rate swap markets, achieve hedging between fixed and floating interest rates, and enhance critical infrastructure for DeFi. Currently, the scale of DeFi lending has exceeded $40 billion, but is still mostly based on floating rates, lacking interest rate risk management tools.

Kairos stated that its protocol will become a core infrastructure for on-chain fixed income systems, driving the landing of traditional financial products such as bonds and structured credit in DeFi.