TrendX

Posted on Mar 01, 2024Read on Mirror.xyz

🚀TrendX Financing Daily News 03/02/2024

Provide the latest and most complete industry financing news, get first-hand news, please pay attention to TrendX financing daily!

【1】Karma3 Labs

Amount: $4.5 million

Stages: Undisclosed

Date: March 1

Investors: Galaxy Digital, IDEO CoLab Ventures, Spartan Group, SevenX Ventures, HashKey Capital, Draper Dragon, Delta Blockchain Fund, Xoogler Ventures, Compa Capital, Andrew Hong, Pooja Shah, OmniscientAsian, Flybridge

Category: Reputation System

Description: Karma3 Labs is building a ranking and reputation infrastructure using the EigenTrust algorithm. Karma3 Labs aim to make it easy for web3 developers to able sybil-resistant.

Website:https://karma3labs.com/

Twitter:https://twitter.com/karma3labs

【2】Zest

Amount: Undisclosed

Stages: Seed round

Date: March 1

Investors: Youbi Capital

Category: DeFi, Derivatives

Description: Zest, similar to Pendle, but separates yield from asset price volatility. Users can deposit Blast_ETH to borrow stablecoin zUSD (a yield-bearing stablecoin), earning leveraged Blast_ETH native yield. Another product is mirror ETH token (leveraged ETH derivative), offering users on-chain leveraged ETH derivatives. Pendle separates the yield and principal of yield-bearing assets, and Zest separates the yield and price volatility of yield-bearing assets.

Website:https://zestprotocol.xyz/

Twitter:https://twitter.com/Zest_Blast

【3】Orbit Protocol

Amount: Undisclosed

Stages: Undisclosed

Date: March 1

Investors: Manifold Trading, GBV Capital, Andrew Kang, 0xSun, Hype.eth, @DefiSquared, gainzy

Category: DeFi, Lending

Description: The Orbit protocol is a decentralized lending protocol on the Blast network designed to enhance the lending experience with Blast's native revenue. It aims to introduce a competitive method of income generation by creating a money market for lenders and borrowers by leveraging Blast assets.

Website:https://orbitlending.io/

Twitter:https://twitter.com/OrbitLending

About TrendX

TrendX is an AI-driven Web3 trend tracking and intelligent trading one-stop platform, using large language model and AI technology to find market trends, and seamlessly combined with intelligent trading, committed to becoming a new generation of AI trading platform for 1 billion users to enter Web3 to check projects, find hot topics, see trends, primary investment, and secondary trading.

Website: https://app.trendx.tech/

Twitter: https://twitter.com/TrendX_tech