Decentralized finance (DeFi) liquidity provider Woo Network has raised additional funding in a Series A funding round.
Incubated by quant trading heavyweight Kronos Research, Woo Network has pocketed an additional $ 12 million strategic investment in a Series A + funding round led by Binance Labs. The new funding, announced by Binance Labs this Tuesday, adds to to Woo Network’s USD 30 million funding round.
- Holding company focused on NFTs raises USD 50 million in a round of financing
Woo Network is known for bringing liquidity to institutions, exchanges, trading teams, wallets, and decentralized applications. DYdX, Matcha, ParaSwap, 1inch, and Dodo are the main protocols supported by the DeFi platform. Woo claims that it provides cheap liquidity thanks to algorithmic aggregation and trading techniques. Clients who want to provide liquidity can use the API or the network’s own trading interface, Woo X.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Reference-es.investing.com
