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Zoo Finance, a DeFi protocol, has completed a $8 million strategic funding round aimed at releasing liquidity for locked tokens.
PANews, December 2nd news, the DeFi protocol Zoo Finance, which focuses on releasing liquidity from locked tokens, announced the completion of a $8 million strategic round of financing. Zoo Finance's core products are the innovative LVT (Liquidity Lock-up Token) & LNT (Liquidity Node Token) protocol, which transforms locked vesting tokens into tradable digital assets by splitting locked tokens into VT (Lock-up Token) and YT (Yield Token). This innovation enables on-chain OTC Trading for SAFT and node holders, creating new opportunities for future token yield trading. This round of strategic financing was led by Bitrise Capital, with participation from Signum Capital, Certik Ventures, TOP, CGV Funds, and Cryptomeria. To date, Zoo Finance has raised a total of $10 million, with previous investors including CMS Holdings, Big Brain Holdings, DefinanceX, Pragma Ventures, HG Ventures, YBB Capital, 0xVentures, and Aquarius Financials.