Decentralized Finance protocol Spicenet completed a $3.4 million seed round financing, led by Hack VC and others.

2024-12-12 00:43:21

CoinVoice latest learned that, according to the official latest news, Decentralized Finance protocol Spicenet announced the completion of a $3.4 million seed round of financing, with Hack VC and Magnus Capital jointly leading the investment, TPC Ventures, Public Works, WAGMI Ventures, DoraHacks, P-OPS Team, The Rollup Ventures, and multiple angel investors participating.

Spicenet is a unified and composable liquidity layer, with Celestia as its underlying technology. This protocol integrates solutions and market makers into a network, allowing for two forms of liquidity from other chains without bridging assets to Spicenet. Its unified margin system improves capital efficiency. Spicenet is about to launch its private testnet, and final bug fixes are underway. [Original link]

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