Congratulations to the Aurigami who raised $12 million in the token round!

Aurigami, a decentralized finance (DeFi) platform based on the Aurora network, has raised $12 million in token rounds.

Aurigami announced that $9.5 million of the total funding was acquired through private token sale and $2.5 million through an initial exchange offering (IEO) on KuCoin, Bybit, and Impossible Finance. The private token sale ended in February, and the IEO concluded in May.
The private token deal was co-led by crypto venture capital firms Dragonfly Capital and Polychain Capital. Coinbase Ventures, Alameda Research, Jump Crypto, Amber Group, and QCP Capital are among the other investors.
Aurora CEO Alex Shevchenko, Etherscan CEO Matthew Tan, former ParaFi partner Santiago Santos, and CoinGecko co-founders Bobby Ong and TM Lee were among the angel investors that took part.
Aurigami’s native token PLY was purchased by investors. According to CoinGecko, it is currently trading at approximately $0.001, down 95% from its all-time high of around $0.02.
Aurigami is a decentralized non-custodial liquidity protocol.  It is lending and borrowing protocol on Aurora, subnet of the NEAR blockchain. According to Defillama data, Aurigami is presently the second largest lending protocol on Aurora, trailing only Bastion. Its present total value locked (TVL) is more than $20 million, whereas Bastion’s TVL is more than $130 million.
This protocol makes it simple for users to lend, borrow, and earn interest on their Crypto assets. Depositors can earn passive income by supplying liquidity to the protocol, while borrowers can borrow in an over-collateralized method.
With this funding, Aurigami plans to enable NEAR’s native USN stablecoin as a loanable asset and, second, support cross-chain lending and borrowing. Also scale the current team to 10 people and grow their ecosystem.
Aurigami ‘s Community
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