DeversiFi, a tiered decentralized financial platform based on Ethereum, has received $ 5 million in strategic investments from some of the largest risk averse cryptocurrency companies, a strong indication that demand for DeFi’s capabilities remains strong.
DeversiFi aims to make DeFi trading easier so that users can invest, trade and send tokens without having to pay gas fees. The platform announced the launch of the DVF Control Token on March 25 with a steady supply of 100 million. DeversiFi 2.0 decentralized control panel launched in June 2020 using Starkware’s kSTARK multi-layer scaling technology.
Will Harborne, co-founder of DeversiFi, described the importance of scale-to-scale scaling for Ethereum:
Level 2 scale is important for Ethereum roadmap. We are in the process of setting up a center for investment, exchange, dispatch and provision of tokens without the hassle and cost of tier 1. As the number of users grows, we consider integration with centralized exchanges important to reduce barriers to L2 DeFi access. ”
“DeversiFi brings high-performance DeFi trading to life without paying high taxes on gasoline,” said Santiago Santos, Partner at ParaFi Capital. “Ethereum and DeFi are moving from dial-up access to broadband access with L2 this year, and DeversiFi is at the forefront of this shift, which finally fulfills the reason why DeFi is using CeFi: faster, better, and cheaper.”
DeFi continues to attract significant investment flows and users from all over the world. According to industry data, the industry peaked earlier this month as the total value of DeFi Banned Protocols (TVL) exceeded $ 163 billion. At the time of TVL’s release, DeFi was worth $ 143.5 billion.
DeFi’s boom continued even as the major crypto markets were sold off over the weekend. At the time of writing, most DeFi tokens have reported gains in the last 24 hours.