According to TechFlow, on September 17, Cointelegraph reported that the decentralized clearing network Yellow Network completed a $10 million seed round of financing, led by Ripple co-founder Chris Larsen, with participation from Consensys, GSR, NxGen, MV Global, Gate Labs, ZBS Capital, Moonrock Capital, Math, Cobo, NOIA Capital and LD Capital. Yellow Network is built on state channel technology and provides cross-chain solutions for the digital asset market, aiming to solve the problems of decentralized liquidity, scalability and capital efficiency in the cryptocurrency market. Larsen said the protocol is critical for new entrants, and its fast transaction execution and capital efficiency are "game changers."