Cross-chain bridge and DEX aggregator lifiprotocol has raised $17.5 million in a round co-led by coinfund_io and superscrypt. BrandyBetz reports
The importance of decentralized finance has reemerged as a trending topic in crypto after the collapse of centralized crypto exch
published a research note last month that said a DeFi revival was in the works, which is “far more sustainable, scalable, transparent and with improving token economics.”helps developers navigate the increasingly fragmented collection of layer 1, layer 2 and layer 3 blockchains, the bridges that connect them, and the decentralized exchanges that all exist in decentralized finance .
“For anyone who wants to build on that front-end infrastructure – and the also fragmented liquidity – it's a lot of integration overhead,” explained Zentner. “And that's a huge fallacy of sunk costs. You don’t know what is still up and running or what systems are getting breached or hacked. Systems can be out of liquidity. There might be a strategic change and you have to adopt the new ecosystem.
“There's a lot of integration maintenance involved, and we take on that part by aggregating the most crucial DeFi infrastructure,” he continued. Other participants in the round included Bloccelerate, L1 Digital, Circle, Factor, Perridon, Theta Capital, Three Point Capital, and Abra, among others.
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