Infinit Secures $6M Funding Round for Its DeFi Abstraction Layer

Decentralised finance (DeFi) abstraction layer Infinit has successfully raised $6 million in a funding round with participation from prominent investors including Electric Capital, Mirana Ventures, Hashed, and Lightspeed Faction. The company plans to utilize the new capital to enhance its infrastructure and provide a seamless experience for DeFi protocol builders.

Infinit offers infrastructure tooling for developing DeFi applications such as decentralised exchanges, yield protocols, and perpetual platforms. The platform supports over 12 applications across three chains, including Ethena and ZeroLend.

Infinit aims to simplify DeFi development, enabling developers to build various applications on any chain with minimal coding. The company reported a Total Value Locked (TVL) of $650 million in August, driven by projects like Ethena and INIT Capital.