Portals, a DeFi protocol aggregator, has announced the successful close of their Seed Extension, securing $500K. This Seed Extension builds on their recent $2M Seed Round funding, further bolstering their financial footing and allowing the team to accelerate the creation of a DeFi experience that is user-friendly, efficient, and comprehensive. Participants in the Seed Extension include Bankless Ventures, Digital Currency Group, and Founderheads.Portals enables users to bundle complex, multi-step actions, such as swapping interest-bearing, liquidity pool, vault, and other exotic assets in one-click. It also allows users to stake to earn yield from over 20,000 supported opportunities, with new platforms frequently added to the list. Additionally, users can access Web3 data from DeFi protocols, including liquidity pool and token prices, contract positions, account balances, and more through the Build On Portals API.Portals was founded by Suhail Gangji, who previously co-founded Zapper, and Nabi Ozberkman, who has extensive experience in DeFi as part of the OlympusDAO team. The company plans to use the $2.5M in Seed Round & Seed Extension funding to accelerate product development and expand the team as they continue to simplify DeFi and make it accessible to everyone.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | North America |
| Countries | 🇨🇦 🇺🇸 |
| Sentiment | neutral |
| Relevance Score | 9 |
| People | Sarunas Legeckas, Suhail Gangji, Nabi Ozberkman |
| Companies | Lightshift Capital, Bankless Ventures, Digital Currency Group, Portals, Founderheads |
| Currencies | Bitcoin, Ethereum, US Dollar, COIN, SF Capital |
| Securities | None |
