LeverFi, an Ethereum-based on-chain leverage trading protocol, has received an investment of $2 million from DWF Labs. This investment has a cliff lockup and vesting that takes place over a period of two years. LeverFi also obtained an additional $2 million OTC commitment which can be executed any time over two years if required. These fresh funds will be directed toward protocol innovation, marketing campaigns, and user acquisition.
Additionally, DWF Labs will provide liquidity for LEVER trading pairs across relevant trading venues, and take the initiative to assist LeverFi in growth and strategic business development activities.
DWF Labs previously received 1.8 billion $LEVER ($2.85M) from LeverFi-related wallet on September 21, according to Lookonchain.
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DeFi
Fund Raising
