Ammalgam Raises US $750,000 in Pre-Seed Round for DeFi Strategic Agreement

02/27/2023 01:43 • Metaverse & Beyond • 80 views

On February 27th, the DeFi strategic agreement Ammalgam announced that it would complete the US $750000 pre-seed round of financing in the third quarter of 2022, with the participation of Kain Warwick, founder of Synthetix, Robert Leshner, Anton, Sergej, Mikhail, TarunChitra, Santiago RSantos, BodhiVentures, BootNode, MarinVentures, Kevin Zhou, Factor, ZealCapital, etc. It is reported that Ammalgam will release more DeFi functions by combining lending and trading into one agreement. This combination constitutes a source of income, improves capital efficiency and unlocks unlimited strategies for market makers.

The DeFi strategic agreement Ammalgam announced the completion of the $750000 pre-seed round of financing

Interpretation of the news:

Ammalgam, a DeFi strategic agreement, announced on February 27th that it had completed its pre-seed round of financing for US $750,000 with the participation of several notable industry leaders. The list of those participating in the round includes Kain Warwick, founder of Synthetix, Robert Leshner, Anton, Sergej, Mikhail, TarunChitra, Santiago RSantos, BodhiVentures, BootNode, MarinVentures, Kevin Zhou, Factor, ZealCapital, among others. The pre-seed round is set to be completed in the third quarter of 2022.

Ammalgam believes that by merging lending and trading into one agreement it will be able to offer more DeFi functions to users. This merger will improve capital efficiency and unlock unlimited strategies for market makers. The combination of lending and trading is significant because it provides a sustainable source of income for users, allowing them to earn money from both lending and trading activities simultaneously. Additionally, the combination will unlock a range of new strategies for market makers, allowing them to increase trading volume and liquidity.

The completion of the pre-seed round of financing is a positive step for Ammalgam as it will enable the company to further develop its DeFi strategic agreement. The strong support it has received from key industry leaders is also an affirmation of the company’s vision and potential.

DeFi or decentralized finance is an emerging field that allows cryptocurrencies to be traded without intermediaries such as banks or other financial institutions. It aims to provide financial services to people who are excluded from traditional financial services. DeFi applications use blockchain technology, smart contracts, and other decentralized technologies to provide decentralized financial solutions.

In conclusion, Ammalgam’s pre-seed round of financing is a significant development for the DeFi industry. The strategic merger of lending and trading into one agreement is expected to improve capital efficiency and unlock unlimited strategies for market makers. The participation of key industry leaders is also an affirmation of Ammalgam’s potential for success in the future.

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