Zerion a blockchain interface solution for accessing decentralized finance (DeFi) protocols to invest, earn interest and borrow crypto assets, has announced it has raised $2 million in a seed round.
The funding was led by Placeholder with support from other platforms Blockchain Ventures and Gnosis. Zerion
Zerion aims to build an integrated experience that overcomes the fragmentation, complexity, and lack of trust in decentralized financial products. These are areas that the team believes have held back the adoption of DeFi.
It is understood that the Zerion platform would enable non-technical users to acquire, track and manage assets on many leading DeFi protocols, including MakerDAO, Compound, Uniswap, Set, and Fulcrum.
There are also plans for partnership and promotional events for the new platform as it looks to have a stake in the DeFi industries.
Meanwhile, CEO of Zerion Evgeny Yurtaev believes that the firm can bring fresh ideas to the DeFi sector. “We are thrilled to find partners that share our vision and bring years of experience that will help us grow the company. Joining the DeFi movement around a year ago was a big decision for our team.
It is understood that the project has been in the planning face for the past year with a team of developers looking to innovate DeFi solutions. So far it has been able to have an active community that has shown support towards the project.
$2 million seeding money is a lot for a fairly new platform and shows the sort of hopes that the investors have in its platform.
There are plans for more development on the platform with the firm at the final stages of launch. This development would be a great one for the DeFi sector in what has been a massive year towards DeFi across the blockchain industry.
It would be interesting to see just how far the project goes after this initial positive response from investors.