According to ChainCatcher, the on-chain yield market Superform has completed a $3 million financing, led by VanEck Ventures, with participation from Polychain Capital, CMT Digital, Amber Group, Node Ventures, BlockTower Capital, Heartcore Capital, Maven11 Capital and UpTop Capital. The company raised a $6.5 million seed round in November 2022, and this round of financing brings Superform Labs' total financing to $9.5 million.
This round of funding will enable Superform to expand its product range and launch SuperUSDC on Ethereum. It will also support the development of cross-chain functions and enhance the yield optimization of users across multiple protocols. In addition, this funding will promote the growth of the team.
According to RootData, Superform is a full-chain revenue market. The protocol aggregates vaults, routes assets, and executes transactions in EVM networks. It also serves as an instant distribution platform for ERC-4626 vaults.