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Investment Pours In for Non-Trusted Ether.Fi Liquid Pledge Platform

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It is reported that the non-trusted liquid pledge platform Ether.Fi has completed a US $5.3 million financing. North Island Ventures, Chapter One and Node Capi…

Investment Pours In for Non-Trusted Ether.Fi Liquid Pledge Platform

It is reported that the non-trusted liquid pledge platform Ether.Fi has completed a US $5.3 million financing. North Island Ventures, Chapter One and Node Capital jointly led the investment, and Arthur Hayes, founder of BitMex, participated in the investment.

Escrow platform Ether. Fi completed US $5.3 million financing

Interpretation of the news:


The cryptocurrency market has been an attractive platform for investors, especially with the emergence of new platforms that allow users to trade cryptocurrencies, liquidate assets, or offer collateral for loans. Among these platforms, Ether.Fi has recently been making headlines. Ether.Fi is a non-trusted liquid pledge platform that operates based on smart contracts and allows users to pledge cryptocurrencies in return for other cryptocurrencies or stablecoins. The platform recently announced that it has completed a financing round of US $5.3 million, with leading investors such as North Island Ventures, Chapter One, and Node Capital.

The news of Ether.Fi’s new funding is significant, considering that the platform has not yet been approved by regulatory authorities. The platform has been operating in unknown territories, pushing boundaries in the crypto market. However, it is worth noting that the platform is gaining investors’ trust despite the uncertainties surrounding its operations. An endorsement from Arthur Hayes, the founder of BitMex, is particularly noteworthy. Arthur is a well-known personality in the crypto world and has built a reputation for spotting potential opportunities in the market. His participation in Ether.Fi’s investment is an indication that he believes in the platform’s potential.

With this new funding, Ether.Fi is expected to further enhance its operations and expand its user base. The platform already boasts of an impressive system that allows users to pledge their cryptocurrencies as liquidity, without the risk of losing their assets. Additionally, it allows users to obtain loans in the form of stablecoins or other cryptocurrencies using their pledged assets as collateral. These benefits make Ether.Fi an attractive platform for crypto-traders and investors.

The financing of Ether.Fi has provided a vital breakthrough for the platform, allowing it to make further strides in the cryptocurrency market. It is evident that investors see the potential of the platform, and their support provides a vote of confidence for Ether.Fi. As the platform continues to innovate, it is expected that it will attract even more investors and users. Ether.Fi has set the pace for other platforms, proving that innovation and risk-taking can be rewarding in the crypto world.

In summary, the message reveals the completion of a US $5.3 million financing for non-trusted liquid pledge platform Ether.Fi, led by prominent investors such as North Island Ventures, Chapter One, and Node Capital. The participation of Arthur Hayes, founder of BitMex, is noteworthy. The platform operates based on smart contracts and allows users to pledge cryptocurrencies for other cryptocurrencies or stablecoins. The funding is significant for Ether.Fi’s operations and expansion in the cryptocurrency market.

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