Yellow Network, a decentralized clearing network for digital assets, has secured a $10 million seed funding round led by Ripple co-founder Chris Larsen. The investment aims to tackle liquidity fragmentation, scalability, and counterparty risks in DeFi trading. Notable backers include Consensys, GSR, and Moonrock Capital. Larsen praised Yellow Network for its fast trade execution and capital efficiency, crucial for high-speed trading firms. The platform's decentralized clearing protocol addresses liquidity issues in crypto trading, simplifying cross-chain transactions. The funds will support research, finalizing the open-source protocol, and advancing the Nitro state channel framework for near-zero latency trading. Yellow Network's upcoming $YELLOW token launch in Q4 2024 will enhance transaction efficiency and liquidity. A liquidity-locking campaign will aid network expansion by providing collateral for smoother trades. Yellow Network is set to revolutionize DeFi trading with its innovative solutions. Read more AI-generated news on: https://app.chaingpt.org/news

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