DeFi Lending Platform Vee.Finance Closes Multimillion-Dollar Funding Round, Led by Huobi Ventures Blockchain Fund and Avalanche Asia Eco Fund AVATAR


Vee.Finance announced the completion of a multi-million dollar seed round led by the Huobi Ventures Blockchain Fund and Avalanche Asia Eco Fund AVATAR, along with other major participating public blockchain funds. In particular, Eduardo Tobon, the former president of Diners Club, also participated in this round as an individual investor. According to Vee.Finance, this round of funding is primarily used to grow the team and increase the platform’s ability to scale the business.

Vee.Finance is a DeFi lending platform for traditional finance and crypto users, and is dedicated to bridging the gap between traditional finance and DeFi by providing users with better digital asset management services. Users can participate in deposits, loans, and long and short positions. On the deposit side, the threshold for traditional financial users to participate in DeFi is lowered thanks to a more user-friendly product experience; On the lending side, with the addition of options for DEX and the unique leveraged trading feature, capital efficiency has been significantly improved.

Bridging the gap between traditional finance and DeFi

In traditional financial markets, due to their maturity and abundant liquidity, interest rates on deposits are close to 0% or can even be a negative percentage for some developed economies. This has big differences with the high returns of DeFi applications due to the high demand for funds in the DeFi ecosystem.

Vee.Finance is focused on bringing the high liquidity of the traditional market to DeFi markets, so that traditional users can enjoy higher returns without risk, while allowing DeFi users to obtain a more favorable source of funds. .

Optimize the efficiency of cryptocurrency asset allocations

Vee.Finance improves the efficiency of asset allocations by connecting to decentralized exchanges (DEXs) within the ecosystem and making loans available for direct investment.

As the Vee.Finance team mentioned, “The mission of the project is to lower the threshold for traditional users to participate in DeFi and optimize the efficiency of global asset allocation.” On the Vee.Finance platform, not only can users deposit assets to earn interest, but they can also borrow funds to participate in new investments and transactions, thereby optimizing asset utilization while providing capital liquidity. .

About Vee Finance

Vee Finance is a DeFi lending platform for traditional and crypto funded users. They are committed to bridging the gap between traditional finance and DeFi and providing users with better digital asset management services. Users can participate in deposits, loans, long and short positions and other functions. The mission of the project is to reduce barriers to traditional user participation in DeFi and to optimize the efficiency of global asset allocation.

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About Huobi Ventures

Huobi Ventures is committed to further expanding the boundaries of Huobi’s investment and M&A initiatives. Focusing on emerging areas of future significance such as DeFi or NFT, Huobi Ventures plans to further accelerate the development of the blockchain industry through global expansion and reap ecological benefits from upstream investments. and downstream in industry.

Huobi Ventures Blockchain Fund, as one of the core funds of Huobi Ventures, is committed to providing long-term support to help Huobi Group assets become the industry leader. Direct crypto investments are the main service and additionally project incubation. At the same time, the fund creates an asset pipeline for our asset center to capture high-quality global projects and lay the foundation for the future of our asset center.

About avalanches

Avalanche is an open source platform for launching decentralized applications and enterprise blockchain deployments in an interoperable and highly scalable ecosystem. Avalanche is the first decentralized smart contract platform designed for global finance scale, with near-instantaneous transaction finality. Ethereum developers can quickly build on Avalanche because Solidity is ready to use.

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