Derived Raises $3.3M to Propel the Usage of Leveraged Synthetic Assets

Derived, a Decentralized Multi-Chain Asset Protocol has raised $3.3 million in funding from a group of leading crypto investors to further it’s DeFi plans of bridging traditional and digital financial markets.

The raised funds will be used for the development of the Derived platform and to promote the growth of the platform by providing incentives to the users. The funding is a clear reaction to the potential the investors see in Derived. With the newly raised funds, Derived will be able to meet the expected demand for their platform.

The funding has come from some well-known and established names in the crypto and blockchain space AU21, Dweb3, GSR, Market Across, Genblock, Poolz, Occamfi, Titans Ventures, Blocksync, Nabais Capital, AW3L / Turing, Titan Ventures, 18 Ventures, Crypto Dorm funds, BTA Ventures, Frontier Protocol, DCI, Gains Associates, T3E (MW Partners), Unilend (Chandresh), Blackdragon , OpenDefi (Mohit), Pramod (Polkarare), CSPDAO, KoinSaati, OIG and Ajeet Khurana (founder of India’s first crypto exchange Zebpay) among many others.

Derived is giving users the access to trade Stocks, Commodities, Forex, or Crypto on a single platform with unlimited liquidity and no slippage.

With traditional finance being hard to find in DeFi, Derived brings the power of smart contracts to the world of derivatives trading, acting as a bridge between traditional and digital financial markets.

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Source: https://derivedfinance.medium.com/derived-raises-3-3m-to-propel-the-usage-of-leveraged-synthetic-assets-5568f456898e?source=rss——cryptocurrency-5