ChainCatcher message, DeFi application layer Rujira stated on its official blog: 'Rujira has successfully raised $7 million from a group of early investors who got involved shortly after the merger announcement. With this funding, we are able to execute our plans and currently do not require additional funding.'
In the future, if necessary, we will be able to obtain additional funding through OTC transactions to further support the development of Rujira. The completion of this funding round has also cleared a key obstacle for the RUJI TGE, which is currently expected to take place in February next year. As always, this timeline is for reference only and may be subject to change.
According to reports, Rujira is the DeFi application layer on THORChain, created by the Rujira alliance between Kujira, Levana, and THORChain. It combines Kujira's DeFi tools with THORChain's liquidity and cross-chain capabilities, allowing seamless, bridge-free access to blockchain networks.
