Idle Raises $1.1 Million in Strategic Funding Round, Total Funding Reaches $2.4 Million

According to BlockBeats, on July 9, the on-chain lending and yield platform, Idle, announced the completion of a $1.1 million strategic funding round. The round was led by investment firm RockawayX, with participation from Fasanara Digital. This brings Idle's total funding to $2.4 million.
The company plans to use this funding to further develop its on-chain lending infrastructure. Idle is a Decentralized Autonomous Organization (DAO) that provides yield automation and hedging tools for the decentralized finance (DeFi) market. The platform has accumulated $300 million in liquidity and has a trading volume exceeding $2 billion.
Previously, in November 2020, Idle raised $1.2 million in a seed funding round led by Gumi Cryptos Capital.

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Idle Raises $1.1 Million in Strategic Funding Round, Total Funding Reaches $2.4 Million

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