Resolv Labs Raises $10 Million Led by cyberFund and Maven11 Capital to Expand DeFi Protocol and USR Stablecoin Backed by Ethereum
Resolv Labs has successfully raised $10 million in a seed funding round aimed at expanding its decentralized finance (DeFi) protocol and the USR stablecoin, which is natively backed by Ethereum (ETH) and pegged to the US dollar. The funding round was led by cyberFund and Maven11 Capital, with participation from other notable investors including Coinbase Ventures, Arrington Capital, Gumi Cryptos, and Animoca Ventures. The capital will be utilized to enhance the platform's yield-generating capabilities and expand its strategies to include Bitcoin (BTC) and additional blockchain integrations. This move reflects the growing investor interest in yield-generating stablecoin protocols within the cryptocurrency market.
Sources
IQ.wiki
Stay informed ๐ฃ โ Resolv Labs (@ResolvLabs), the firm behind Resolv closed a $10 million seed round to expand its crypto-native yield platform & USR stablecoin ๐ฐ https://t.co/b0vV2ZsGVT
Fundraising Digest Resolv $10M Seed Round โก๏ธ ๐ About: @ResolvLabs is a protocol maintaining USR, a stablecoin natively backed by $ETH and pegged to US Dollar. ๐คย Investors: @Maven11Capital (Lead), @cyberFund_ (Lead), @cbventures, @robotventures, @GumiCryptos, @Arrington_Cap, @AnimocaVentures, https://t.co/C8d7Cr3BCN
๐บ๐ฆ CryptoDiffer - StandWithUkraine ๐บ๐ฆ โ๏ธ@ResolvLabs secures $10M Seed round to expand DeFi Protocol https://t.co/I72dwYLowA and Maven11 led the round, with participation from Coinbase Ventures, SCB Limited, Arrington Capital, Gumi Cryptos, NoLimit Holdings, Animoca, and others. ๐ https://t.co/zbh9Vql827 https://t.co/cb7jOzYDIO
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