On-chain credit and yield platform Idle completes $1.1 million financing, led by RockawayX
ChainCatcher news, on-chain credit and yield platform Idle has completed a $1.1 million strategic financing round, led by RockawayX, with participation from Fasanara Digital. This round of financing brings Idle's total funding to $2.4 million. The company plans to use these funds to further develop on-chain credit infrastructure and more.
Idle is a decentralized autonomous organization (DAO) that provides yield automation and hedging tools for the decentralized finance (DeFi) market. The platform has accumulated $300 million in liquidity, with a trading volume exceeding $2 billion.
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