Cross-chain liquidity protocol Cedro Finance completes $1.5 million seed round financing, led by Shima Capital

ChainCatcher news, LayerZero's cross-chain liquidity protocol Cedro Finance has completed a $1.5 million seed round financing, led by Shima Capital, with participation from Infinity Ventures Crypto (IVC), Mask Network, and Sam Thapaliya. This round of financing will be used to expand the Cedro team and build the Omnichain liquidity platform.

It is reported that Cedro Finance is an Omnichain liquidity platform that allows users to seamlessly lend and borrow across chains, with the ultimate goal of becoming a full-chain financial hub. It is currently planning to launch various Cedro-based products. Cedro Finance has been operating on the testnet since December 2022. (source link)