Krystal Raises $6.6M From Seed Round
Platform that brings the best DeFi services under one roof Krysral thrilled to share in public that they raised $6.6 million from seed funding round. The round was led by Hashed, with further backing from Crypto.com, Signum Capital, BlockTower, HyperChain, Arrington Capital, LD Capital, DeFi Alliance, ArkStream Capital, Coin98, and a few angel investors.
Krystal currently supports Ethereum, Binance Smart Chain and Polygon, with plans to quickly expand to other networks/chains such as Solana, Polkadot and Cronos.
“In the short span since Krystal’s launch, the seamless aggregation of multiple DeFi services, such as token swaps, earning interest and portfolio management, has already proven to be a great asset for new DeFi users and veterans alike. We’re excited to see what new product developments they will deliver to improve usability on various blockchains,”—Simon Kim, CEO & Managing Partner, Hashed
KRYSTAL ACHIEVEMENTS
- Integrated popular decentralized exchange (DEX) protocols such as KyberDMM, Uniswap (V2 & V3), SushiSwap, PancakeSwap (V1 & V2) and QuickSwap to provide convenient trading access to over 40,000 tokens for thousands of users
- Enabled users to earn interest by interacting with Aave (V1 & V2), Compound & Venus Protocol
- Provided users with hassle-free portfolio management tools and market insights
- Introduced an exclusive referral program to reward users with bonus incentives
- Revamped user interface to continually improve user experience
“Krystal aims to be THE go-to platform for everyday users to interact with DeFi. By integrating multiple protocols on our simple and intuitive platform, users no longer have to navigate between multiple tabs and complex UX. This simplified DeFi experience reduces fragmentation and saves users time, money and effort,”—Sunny Jain, CEO, Krystal
Krystal will use the newly received funds to expand their team and accelerate their product roadmap to empower users to better manage their portfolio across multiple DeFi services. Their immediate priorities include NFTs, adding more blockchains and improving access to passive income by allowing users to securely do staking, manage liquidity pools and yield farming. Krystal aims to remain non-custodial to make innovative & transparent financial services more accessible globally. Users will always retain control over their funds and private keys.
ABOUT KRYSTAL
Krystal is “One Platform, All DeFi”; a platform that brings the best DeFi services under one roof. Swap tokens, earn passive income & manage your portfolio; all whilst benefiting from their rewards program. Now supporting Ethereum and Binance Smart Chain.
