The decentralized liquidity management platform Steer Protocol has completed a $1.5 million seed round financing, led by Druid Ventures
ChainCatcher news, the decentralized liquidity management platform Steer Protocol has announced the completion of a $1.5 million seed funding round, led by Druid Ventures, with participation from Republic Capital and Big Brain Holdings.
It is reported that Steer Protocol addresses liquidity management challenges through concentrated liquidity (CL) products, enabling liquidity providers to allocate funds more effectively, thereby increasing trader returns and reducing slippage. Additionally, it helps DeFi protocol tokens create incentive vaults, guide liquidity, and foster more efficient markets. (Source link)
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