Rift Finance Closed $18 Million in Financing Led by Pantera Capital
TokenInsight news, Decentralized protocol Rift Finance closed $18 million in funding led by Pantera Capital with participation from Coinbase Ventures, Defiance Capital, Hashed, Jump Capital and others. The funds raised will be used to build its team and DAO community, as well as create infrastructure.
The protocol wants to help DAOs deploy governance tokens to deepen token liquidity without having to give up ownership. It pairs governance tokens with ether from retail and institutional depositors. Ultimately, DAOs receive liquidity through its protocol, and depositors receive yields in return.