Liquidity protocol Ion Protocol raises $4.8 million
Liquidity protocol Ion Protocol has raised $4.8 million from companies such as Gumi Capital Cryptos, Robot Ventures, BanklessVC, NGC Ventures, Finality Capital, and SevenX Ventures, bringing its total funding to $7 million. The new capital will be used to support and develop a native yield primitive called Nucleus, aimed at helping to solve the monetization problem of aggregation and application chains, which may help cultivate new use cases for decentralized applications in its ecosystem.
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