RATE Group | Bitcoin Cash DeFi Startup Raises $1 Million in Seed Round
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Bitcoin Cash DeFi Startup Raises $1 Million in Seed Round

10 May Bitcoin Cash DeFi Startup Raises $1 Million in Seed Round

Posted at 12:58h in Bitcoin News by

The General Protocols startup is developing its Decentralized Finance (DeFi) vision on Bitcoin Cash after raising more than $1 million in a seed funding round. 

This round of funding allows the Singapore-based team to develop their flagship product AnyHedge on Bitcoin Cash. Anyhedge is an open source derivatives tool that exchanges and OTC desks can embed allowing them to create new markets with smart contracts.

The funding came from investors including cryptocurrency trader Marc De Mesel and BCH ‘thought leader’ Molecular, and the team includes two former Bitcoin.com employees and individuals who helped build the voluntary BCH Cash fundraising project Flipstarter.cash. 

DeFi is currently all about Ethereum

DeFi refers to digital assets and financial smart contracts, protocols and decentralized applications (DApps) built on various blockchains.

The President of General Protocols said:

“We are delighted that aligned investors are supporting us in our vision to bring DeFi to…

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