got protocol Mintrust Decentralized Finance (DeFi) Minterest on financing worth 6.5 $1 million, for a long-term return improvement platform.
A number of venture capital firms have contributed to the private fundraising round, including KR KR1 And Digital Strategies And Bitscale Capital And PNYX Ventures And CMT Digital, Etc.
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The Estonia-based team also plans to use the funding to develop a lending and borrowing protocol, which it claims is “Designed to make DeFi fairer for users”, where used Minterest A buyback mechanism that captures value, and passes all revenue generated by the platform to its community.
It also automates the filtering process, allowing fees and interest to be collected and recycled to its users, while some protocols DeFi generate revenue on users, by allowing a small number of users to purchase unsecured positions at a discount in the market.
And you will Minterest Using any operating surplus to purchase a token Um on it MNT Its original content is automatically distributed, which is then distributed to its users, according to the advertisement.
In this way, the user's earnings will be supplemented with some protocol rewards and revenue, which leads to higher returns in the long run.
The protocol is also designed to work with Balancing digital tokens, which means that the captured value is returned back to the system to generate more value.
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On the other hand, he explains Josh Rogers Founder and CEO Minterest, that draft DeFi The new one, will generate value for the entire user ecosystem, rather than extracting it to the few only, adding:
“Users create value on the platform through their interactions, making their participation fair and rewarding. Without its community, any protocol would be obsolete.
Whereas our model, would put our community at the center of the value creation cycle.”
He added that it will be “Protocol Audit by Reputable Auditors” However, he did not specify a launch date.
It is reported that the new protocol shares its name with a digital investment platform based Singapore Founded in the year 2017.
whereas Minterest The Singaporean is more oriented towards conventional finance in Southeast Asia, with a mission to provide clients with access to alternative investment and diversified investment opportunities.
Read also: Avalanche secures $230 million in funding, and AVAX hits all-time high
In other financing news, the Avalanche Avalanche On Thursday, about a huge investment worth 230 $1 million from venture capital group, led by Poly Chain Polychain And Three Arrows Capital .
The investment aims to direct capital to support the growth of the ecosystem DeFi, projects working on blockchain.
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