DeFi aggregator Frontier raises $1.85 million in seed funding

DeFi • August 26, 2020, 7:00AM EDT
UPDATED: August 26, 2020, 7:05AM EDT
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Decentralized finance (DeFi) aggregator Frontier has raised $1.85 million in seed funding.

The round saw participation from several investors, including FTX, Alameda Research, NGC Ventures, CoinGecko, Bitcoin.com Exchange’s Danish Chaudhry and Matic Network’s Sandeep Nailwal, among others.

With the fresh capital in place, Frontier plans to bring more users in the DeFi space. The firm believes that the DeFi trend has just begun and will continue to grow bigger.

Frontier's platform is blockchain-agnostic and currently supports multiple DeFi protocols, including Uniswap, Aave, Compound and MakerDAO. The aggregator is set to add support for Polkadot and FTX’s upcoming decentralized exchange Serum. 

Frontier’s native token FRONT will also get listed on Solana-based Serum. The firm said it is also exploring FRONT liquidity additions into Uniswap, Mooniswap, Balancer, and upcoming protocol UniLend Finance.

AUTHOR

Yogita Khatri profile picture Yogita Khatri

Yogita Khatri is a senior reporter at The Block and the author of The Funding newsletter. As our longest-serving editorial member, Yogita has been instrumental in breaking numerous stories, exclusives and scoops. With over 3,000 articles to her name, Yogita is The Block's most-published and most-read author of all time. Before joining The Block, Yogita wrote for CoinDesk and The Economic Times. You can reach her at [email protected] or follow her latest updates on X at @Yogita_Khatri5.

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