IncrementFi Seed Funding Round
IncrementFi seed funding round raises $1M from leading investors. It includes Dapper Labs, Lattice Capital, Qiming Venture Partners, Quiet Ventures, and many other Flow ecosystem angels.
IncrementFi is focusing on bringing a suite of DeFi infrastructures, specifically liquidity and yield solutions to the Flow blockchain ecosystem. Two products, Increment Swap — a fully permissionless decentralized exchange, and Increment Earn — a decentralized lending & borrowing protocol for fungible tokens, have been live on mainnet since May 2022, with a combined TVL of around $2,500,000 at release time.
“The funds will be used to expand the team, conduct collaborations, and to develop further products and innovations”.— Siyuan (Jonny), co-founder & core contributor
Flow’s scalability and low cost, rich on-chain assets, ecosystem, and mass audiences other than native crypto users. Make it unique and outstanding from the existing EVM-compatible blockchains that simply forked from go-Ethereum.
With the announcement of the $725m ecosystem fund and Flow’s upcoming milestone of permissionless deployment, a booming on-chain token economy is around the corner — and IncrementFi is filling the gap and paving the way for that acting as the leading DeFi platform on Flow.
The ultimate vision of Increment is to become a fundamental DeFi infrastructure in the Flow ecosystem, one that serves as a liquidity engine for fungible tokens, to efficiently release and leverage more capital, paving the way for further decentralized financial applications and innovations on the Flow blockchain.
ABOUT Increment Finance
Increment Finance is a one-stop DeFi platform on Flow Blockchain. Deposit, earn, borrow, trade. Boost and leverage more liquidity and yield for Fungible Tokens on Flow Blockchain.
RESOURCES
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