DAO fund management protocol Aera completes $8 million financing, led by Bain Capital Crypto
ChainCatcher news, DeFi risk management firm Gauntlet founder Tarun Chitra's new startup Aera has announced the completion of an $8 million funding round, led by Bain Capital Crypto with participation from Jump Trading.
It is reported that Aera is an autonomous, data-driven fund management protocol designed to help decentralized autonomous organizations (DAOs) manage their finances. Chitra stated that Aera's goal is to enable DAOs to respond quickly to market changes while not sacrificing the principles of decentralization, providing them with crowdsourced portfolio management advice.
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