DeFi Firm Range Protocol Seals $3.75 mn Seed Fund
The financing for Range Protocol was led by FinTech giants HashKey Capital and Nomad Capital, with support from Spark Digital Capital, Mirana Ventures, Symbolic Capital, Asymm Ventures, and Comma3 Ventures. The company aims to create a DeFi landscape that mirrors traditional finance, offering the general public unrestricted access to advanced trading strategies.
Range Protocol is a DeFi Asset Management entity that offers automated trading strategies for average users, including liquidity provision, derivatives, NFT Finance, and liquid staking derivatives. These segments have multi-billion valuations, but there is a lack of systematic trading techniques for common users. The raised capital will be used to enhance the platform, expand the team, foster community engagement, and introduce new DeFi verticals, with a focus on key collaborations.
(With inputs from Shikha Singh)
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