Polkadot-Based Pontem Raises $4.5M to Allow Devs to Build for Facebook’s Diem

Pontem, a framework for decentralized applications (dApps) on Facebook’s Diem project, has raised $4.5 million through a seed round, led by Mechanism Capital and Kenetic Capital. The network was initially set up to act as a bridge between cryptocurrency and the Diem Blockchain by Facebook. In theory this would act as an intermediary between the … Read more

DeFi Protocol Equilibrium Raises $2.5M, Aims to Win Polkadot Parachain Lease Auction

Decentralized finance protocol Equilibrium has closed a Series A funding round worth $2.5 million with participation from some big names in the industry. Equilibrium, the self-described first interoperable money market on Polkadot, will use the funding to develop a suite of DeFi products comprising a comprehensive lending platform and a professional-grade cross-chain DEX. The multinational … Read more