Shogun: New Rise in the DeFi World
Date: 2024-05-17 Author: Oliver Abernathy Categories: BLOCKCHAIN
The Shogun DeFi protocol team announced the successful completion of a funding round, raising $6.9 million. This event marks an important step for the project, jointly led by investment funds Polychain Capital and dao5.
Wide Range of Investors
In addition to Polychain Capital and dao5, major players such as Arrington XRP Capital, Hypersphere Ventures, Mirana Ventures, Republic and private investors including Layer Zero Labs CEO Brian Pellegrino have invested in the project.
The company's co-founder, Rahul Patel, noted that the financing began in January 2024 and completed in February. Initially, it was planned to raise $5 million, but high demand led to an increase in the amount.
Technological Innovations and Prospects
The Shogun protocol promises to revolutionize the DeFi space by giving users convenient access to all tokens on various blockchains in one interface. In addition, the launch of its own GUN token will be an important step in the development of the project.
Gradual Launch and Support of Major Players
The project plans to launch the protocol in stages, and the investment from Binance Labs received as part of the incubation program shows confidence in its potential.
The fresh investment opens up new horizons for Shogun and makes it one of the most promising players in the DeFi world.
