Spherium Finance Raises $3.3 Million From Seed Round
A financial ecosystem that unifies the current scattered DeFi landscape Spherium Finance have raised $3.3 Million from private and seed round. The funding round was led by Orion Protocol’s, Accretion Ventures, OKEx Blockdream Fund, Gate.io, Rarestone Capital, Swiss Founders Fund, LD Capital, GBIC Capital, NGC Ventures, X21 Capital, SL2 Capital, Twin Apex Capital, AU21 Capital, and Titan Ventures.
“We strive to invest in the most innovative and user-friendly projects on the market. When looking deeper into Spherium we’ve realized that we found such a project. We’re happy to be early supporters and we’re excited to see how the project develops and grows; we have no doubt that Spherium will gain a lot of traction in a short period of time.” — Christian Mischler, Swiss Founders Fund
Main Products Of Spherium
- HyperSwap–provide a decentralised platform for swapping ERC20 tokens using a cutting-edge Automated Market Maker (AMM) algorithm that enables the liquidity providers, rather than arbitrageurs, to capture profits by reducing the price skew (for an asset in a pool) and bringing the asset price back to the market price.
- SphereComp–decentralized money markets where investors can lend or borrow digital assets with interest rates determined by the law of supply and demand.
- Spherium Wallet–a non-custodial and secure mobile wallet for ERC20 tokens, which will facilitate our customers to use all the services provided by the Spherium ecosystem anytime and anywhere from their mobile device.
Spherium’s ultimate goal is to operate via a decentralized governance model for which Spherium will build a community of stakeholders to vote on essential issues related to its ecosystem.
ABOUT Spherium Finance
The Spherium Finance platform offers a complete suite of financial services comprising a universal wallet, token swap platform, money markets, and inter-blockchain liquidity transfer.
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