Foresight News reports that the DeFi protocol Spicenet has completed a $3.4 million seed round financing, led by Hack VC and Magnus Capital, with participation from TPC Ventures, Public Works, WAGMI Ventures, DoraHacks, P-OPS Team, and The Rollup Ventures.
Spicenet will integrate solutions and market makers into a single network and allow two forms of liquidity to be provided from other chains without needing to cross-chain assets to Spicenet. Additionally, Spicenet will launch its private testnet, with final bug fixes currently underway.