BARCELONA, Spain, July 28, 2022 (GLOBE NEWSWIRE) — Leading blockchain enterprise funds contribute to improvement of Cosmos-based venture, Quasar Finance, that’s bringing transparency, ease of entry and utilization to DeFi.
Quasar Finance has raised $6 million from a spread of main funding companies, together with Polychain Capital, Blockchain Capital, Figment Capital, Lightshift Capital and Galileo.
The companies have backed Quasar Finance’s imaginative and prescient to create a spread of accessible, structured funding merchandise inside the DeFi ecosystem, that buyers and liquidity suppliers alike can profit from.
Top precedence for CEO and co-founder Valentin Pletnev and his world workforce is making the administration of digital property easy, accessible and safe, whereas using the Cosmos platform’s Inter Blockchain Communication (IBC) protocol, a strong expertise that connects and allows worth and information switch throughout chains, natively.
Valentin stated: “Hacks, manipulation, exploits: the current world of decentralized finance is littered with failed projects, bad actors and dubiously-motivated owners, the time is right to give investors and liquidity providers access to a service that just works.”
“Quasar uses the latest in IBC technology to offer the most advanced and accessible structured investment products in DeFi.”
“This is why we are bringing Quasar Finance to market, and is the reason we’ve received support from some of web3’s biggest investors.”
Quasar permits the creation of vaults the place buyers can park their property to obtain yield, whereas permitting strategists and liquidity suppliers to develop and launch their very own vaults.
What buyers are saying
Ben Perszyk, Polychain: “Quasar abstracts away some of the complexity involved in earning lending yield, providing liquidity to AMM pools, or structuring delta-neutral strategies, and hides those capabilities behind an approachable, user-friendly frontend. By deploying their own application-specific IBC chain, Quasar then offers a powerful new suite of DeFi tools for end users, and positions themselves as a liquidity hub for the ever-expanding Cosmos DeFi ecosystem.”
Aleks Larsen, Blockchain Capital: “Valentin is an exceptionally talented founder and we’re thrilled to back him and his team as they build the easiest way to earn yield on any IBC-enabled blockchain.”
Simao Cruz, Lightshift Capital: “Valentin and the team at Quasar are leveraging cutting edge technology in blockchain to create one central place for asset management. Quasar will solve the liquidity issue on chain, allowing anyone to create new funds, improved strategies or to tap into opportunities regardless of where that liquidity is held.”
About Quasar Finance
Quasar Finance makes digital asset administration easy, accessible, and safe. We have fastidiously designed a platform to simply create and be part of Vaults- impartial asset containers geared up with IBC expertise enabling interchain worth seize within the Cosmos ecosystem and past.
Quasar is democratizing DeFi by making it honest, easy and clear. Quasar’s platform and vaults make DeFi investing straightforward for merchants, whereas decreasing the obstacles to entry of vault creation for strategists. Find out extra right here – www.quasar.fi.
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