Melon Development Asset Management has won an investment from CoinShares and will continue to promote Melon adoption

On July 27, CoinShares Ventures announced an investment in Avantgarde Finance, the key development arm of Melon Agreement. Avantgarde will spend the next six months promoting the adoption of Melon by attracting more investors and emerging managers to the platform.

Melon is an open source protocol that allows digital investment funds to be created and managed along the chain, but also provides easy access to investors. Avantgarde is a platform run over the Melon agreement that aims to greatly increase efficiency and reduce the cost of fund management business. The cost of creating a fund using Melon Terminal is about $100.

Avantgarde will continue to support the Melon Improvement Proposal (MIP7), which proposes adjustments to reduce barriers to adoption. In the future, Compound and Chai will integrate the loan at the agreement level, which will allow Avantgarde to manage the credit funds on the chain.

The original address: https://medium.com/coinshares/avantgarde-finance-6a0d1590fa11

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