DeFi asset management protocol Velvet completes $3.7 million in financing, with YZi Labs and others participating

Odaily News DeFi asset management protocol Velvet Capital announced the completion of US$3.7 million in financing, with participation from YZi Labs and Blockchain Founders Fund, FunFair Ventures, Selini Capital, Mucker Capital, PAKA, LucidBlue, Mindfulness Capital, SkyVision Capital, Gate Labs, Poolz Ventures, NexGen, Cointelegraph Accelerator, Gains Associates, Rarestone, Echo, and DWF Ventures.
The funding accelerates Velvet’s mission to provide frictionless portfolio management and trading to funds, DAOs, and individual traders, while powering the launch of its new governance and utility token, Velvet.