logo
logo

Defi Protocols Raising Millions For Structured Products In Defi

Defi Protocols Raising Millions For Structured Products In Defi

04/18/22, 8:50 AM
Decentralized Finance (DeFi) is continuing to gain traction and DeFi protocols are raising millions to offer retail investors better access to the growing market. Ribbon Finance, a protocol that makes it easier for investors to benefit from the complicated world of crypto derivatives, just raised $8.8 million after partnering with Paradigm to build new risk products native to DeFi and double down on the project's multi-chain approach. At the same time, Struct Finance raised $3.9 million to develop structured products in DeFi, which the company will use to build the tools allowing institutions to easily customize interest rate products and to combine them with options to build structured products that are better suited to the profiles of different investors. Structured products in DeFi allow investors of various risk profiles to participate in the DeFi ecosystem thus boosting investor interest in DeFi

Company Info

Company
De Fi Protocols
Additional Info
At the same time, Struct Finance raised $3.9 million to develop structured products in DeFi, which the company will use to build the tools allowing institutions to easily customize interest rate products and to combine them with options to build structured products that are better suited to the profiles of different investors. The company said it ended 2021 with a strong performance in key metrics that were within its outlook. The ETH that HIVE produced during that month, matched daily, is approximately equal to a monthly total of 132.6 BTC, which the company refers to as Bitcoin equivalent or BTC equivalent. On March 7, the company announced a supply agreement with Intel Corporation to purchase new high-performance ASIC chips that will be integrated into state-of-the-art mining equipment that will be custom-built for HIVE. The company also signed a letter of intent with Compute North LLC to host 100 megawatts of mining capacity at one of their new renewable energy data centers in Texas.