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Home Capital Raising

DeFi yield optimization protocol ETHA Lend closes $1.6M funding round

The ETHA Lend protocol is powered by an algorithm that makes accessing the most optimal yield easier for users...

Published by CryptoNinjas.net
03/04/2021
DeFi yield optimization protocol ETHA Lend closes $1.6M funding round

ETHA Lend, a yield optimizer protocol for DeFi, today announced it has closed a $1.6 million initial funding round from lead investors Digital Finance Group (DFG), AU21 Capital, and Privcode Capital.

Other investors include: Vector Capital, Chain Capital, PNYX Venture, Lancer Capital, Oasis Capital, TRG Capital, Candaq Capital, Dealean Capital, Inclusion Capital, Origin Capital, ZB Capital, YBB Foundation, AC Capital, Hotbit.

Designed to provide automated yield allocation across Ethereum and Polkadot DeFi ecosystems; ETHA Lend will be governed by ETHA token holders. The protocol’s algorithm is constructed to understand the precise circumstances of a liquidity provider and supply events; protecting users from high transaction costs, market limitations, and asset volatility.

 “We are excited to have some of the most reputable names in the crypto investment and DeFi funding market on board. Our protocol hosts unique integrations of the DeFi space that shall let users dabble with yield farming with unseen simplicity, cross-chain independence, and progressive yield optimization opportunities. You can look forward to a time when the sector shall be free of the haunting tribalism and intimidations both for new and expert users.”
– Chester Bella, Founder of ETHA LEND

The close of this funding round will enable ETHA Lend to accelerate development towards its mainnet launch, currently scheduled for Q2 2021. ETHA Lend’s smart contracts are being inspected by Certik; one of the most highly reputed blockchain security auditors.

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Source: ethalend.org

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ETHA Lend implementing Chainlink Keepers to automate yield harvesting on Ethereum

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ETHA Lend, a composable DeFi yield optimizer built on Ethereum and Polkadot, announced today that it will integrate Chainlink Keepers on Ethereum to automate key protocol functions. Chainlink Keepers uses decentralized off-computation to monitor...

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DeFi yield optimization app ETHA Lend gets security audit report from Certik

04/06/2021
DeFi yield optimization app ETHA Lend gets security audit report from Certik

ETHA Lend, an interoperable protocol that provides algorithmically optimal yield in DeFi, today updated on its inspection by Certik, a blockchain security auditor. The primary purpose of the security audit was to ensure the...

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