ChainCatcher report: DeFi protocol Splyce Finance has completed a strategic funding round, with investors including Sui Foundation, Stellar Foundation, Solana Foundation, Lucid Drakes, Sarson Funds, and Kin Capital. The specific funding amount has not been disclosed.
DeFi Yield Platform Splyce Completes Strategic Funding Round with Sui Foundation and Others
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Summary
DeFi yield platform Splyce Finance has secured a new funding round with the Sui Foundation, Stellar Foundation, Solana Foundation, Lucid Drakes, Sarson Funds, and Kin Capital. The funding amount remains undisclosed. This comes in the wake of recent DeFi exploit incidents, underscoring the need for enhanced security and stronger capital backing. Investors highlighted Splyce’s focus on user yield optimization and protocol resilience. The funding is expected to accelerate product development and expansion across multiple blockchains.
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