INFINIT DeFi Abstraction Layer Raises $6M in Funding Round From Electric Capital, Mirana Ventures, Hashed, and Among Other Investors
A DeFi infrastructure that abstracts away the complexities of the entire process of launching and scaling DeFi protocols.
INFINIT, the first DeFi abstraction layer has successfully raised $6M in funding round by Electric Capital, Mirana Ventures, Hashed, and other investors, including Arthur Hayes’s family office Maelstrom.fund, Faction, Robot Ventures, Nomad Capital, Tangent, Presto Labs, Bankless Ventures, and Selini Capital. The funds will be allocated to advance product development, facilitating a seamless DeFi protocol development experience for builders.
By providing end-to-end DeFi infrastructure support, INFINIT enables anyone to launch and scale DeFi protocols in minutes. Its modular approach to provide customizable building blocks, enable developers to easily plug-and-play different components to build a new protocol or add new functionalities to existing protocol. This allows DeFi protocols to quickly launch and scale in a timely manner and go-to-market faster with fuller functionalities without the need to start development from scratch.
INFINIT is committed to becoming the backbone of DeFi, powering DeFi protocols across every integrated chain. It aims to be the go-to hub for DeFi developers to launch and scale DeFi protocols, access deeper liquidity, and expand distribution channels to end customers.
INFINIT has already powered 12 DeFi dApps across 3 chains, Ethereum, Mantle Network and Blast, with a total TVL over $630M. This includes protocols such as INIT Capital, Ethena, ZeroLend, and many others. It is also set to integrate chains such as Arbitrum, Berachain, Monad, Abstract Chain, while continually expanding its network to drive DeFi growth and enhance interoperability.
The first product release and the reward system for the INFINIT community are coming soon. Follow @Infinit_Labs on Twitter to stay updated.
“To advance DeFi innovation, the industry needs a robust infrastructure that simplifies the creation of DeFi protocols to onboards more builders to Web 3.0, and ensures secure and scalable adoption of these technologies,” said Tascha Punyaneramitdee, Founder of INFINIT. “INFINIT addresses these needs by breaking down the knowledge barrier with its advanced tech stack, paving the way for new innovations and driving growth.”
“INFINIT’s deep experience in building DeFi solutions makes them a key player in shaping the future of the DeFi ecosystem. Their success in facilitating over $630M TVL across dApps and chains, demonstrates both their capability and commitment. We are proud to support this talented team as they continue to bring new innovations to the space,” shared Ken Deeter, General Partner at Electric Capital.
About INFINIT
INFINIT is the first DeFi abstraction layer that abstracts away all the complexities of the entire process of launching and scaling DeFi protocols. With INFINIT, anyone can launch a customized DeFi application on any chain or scale existing applications with new functionalities in minutes. Any chain can integrate with INFINIT to drive the development of its entire DeFi vertical. INFINIT’s vision goes beyond being a platform but to become the backbone of DeFi, powering every DeFi protocol across every chain.
