BlockBeats News, there are new developments in the blockchain world! On December 5, according to The Block, the decentralized finance (DeFi) project DeFi.app announced that it has completed a $2 million seed round financing, with a valuation of up to $100 million. This round of financing was led by Mechanism Capital, with participation from Selini Capital, North Rock Digital, and about 50 angel investors. 🎉

Dan Greer, the founder and chief design officer of DeFi.app, revealed that this financing began in the fall of this year and was successfully closed last week. It is worth mentioning that this round of financing took the form of a Simple Agreement for Future Tokens (SAFT), and the post-money valuation of $100 million reflects the fully diluted valuation of DeFi.app's yet-to-be-issued native token HOME.

Unlike the industry trend of offering large shares to institutional investors, DeFi.app chose a different path. In this seed round, they only sold 2% of the total supply of HOME tokens. Greer emphasized that DeFi.app places greater importance on promoting community participation through public token sales, planning to allocate at least 20% of the token supply for community distribution. However, the specific date for the public sale is still being planned, so everyone can stay tuned!

The success of this financing undoubtedly injects new momentum into the future development of DeFi.app and fills us with anticipation for its upcoming community activities. What do you think of DeFi.app's community-first strategy? Feel free to share your thoughts and expectations in the comments section, and let's discuss this vibrant blockchain world together!