Changing the Face of DeFi

Crypto Signals The DeFi industry has massively disrupted traditional finance, offering a borderless, trustless solution to millions of unbanked individuals around the world. With over $85 billion locked in DeFi protocols, the power that decentralised finance wields has become too big to ignore and, with interest and investment from the world’s largest funds and institutions pouring in, the cryptocurrency market is alive like never before.

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With the above said, there are still various barriers to adoption that are holding the DeFi space from reaching its full potential; high transaction fees, complex user journeys and a scattering of tools and protocols across multiple blockchains and platforms mean that users new to the world of decentralised finance can be put off before they even start.

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Oversubscribed Seed & Private Rounds
With an overwhelming interest in the seed round, fundraising for the Spherium Finance private round was cut short and targets were met quickly with support and investment from a variety of sources, including Gate.io Exchange, GBIC, Blockdream Fund, Rarestone Capital, SL2 Capital, AU21, LD Capital, NGC Ventures and several more reputable venture capital funds and angel investors.

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Alex Berstein, CEO of Spherium, said, “Fintech means agility, cost-efficiency, and quick innovation. The current DeFi landscape is booming with innovation, but there are visible gaps.

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Changing the Face of DeFi

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Changing the Face of DeFi