🚀TrendX Financing Daily News 02/01/2024

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【1】NAVI Protocol

Amount: $2 million

Stages: Undisclosed

Date: January 31

Investors: OKX Ventures, dao5, Hashed, Comma3 Ventures, Mechanism Capital, Nomad Capital, ViaBTC, Assembly Partners, BENQI, Sui / Mysten Labs, Coin98 Finance, Cetus, Maverick Ventures Israel, ViaBTC Capital, Gate Labs, Hailstone Ventures, LBank, GeekCartel

Category: DeFi, Lending

Description: Navi is a Native One-Stop Liquidity Protocol on Sui. It enables users to participate as liquidity providers or borrowers within the Sui Ecosystem. Liquidity providers supply assets to the market, earning passive income through yields, while borrowers have the flexibility to obtain loans for different assets. With its focus on providing essential DeFi infrastructure, Navi aims to be a key player in the rapidly evolving world of DeFi in the Sui Ecosystem The protocol’s innovative features, such as Automatic Leverage Vaults and Isolation Mode, enable users to leverage their assets and access novel trading opportunities with minimized risks. NAVI’s design provides support for digital assets at different risk levels, while its advanced security features ensure the protection of user funds and the mitigation of systemic risks.

Website： https://www.naviprotocol.io/

Twitter： https://twitter.com/navi_protocol

【2】Zeepr

Amount: Undisclosed

Stages: Undisclosed

Date: January 31

Investors: Cincubator

Category: DeFi, Derivatives, Perpetual Contracts

Description: Zeepr is a decentralized perpetual protocol that supports the trading of mainstream financial assets with crypto collaterals.

Website： https://www.zeepr.io/

Twitter： https://twitter.com/Zeepr_labs

【3】Ithaca Protocol

Amount: $2.5 million

Stages: Pre seed round

Date: January 31

Investors: Cumberland DRW, Wintermute, Room40 Ventures, Ghaf Capital Partners, Andrew Keys, Georgios Vlachos

Category: DeFi, Derivatives, Options

Description: Ithaca is a Non-Custodial, Composable Option Protocol. Ithaca’s mission is to build permissionless cross-chain infrastructure enabling optimal risk sharing across time and event horizons. The protocol allows for instant deployment of ‘liquidity self-enhancing’ complete, composable option, structured product and lending markets on any underlying. The Ithaca Ecosystem will encompass an Option Trading Protocol, an Algorithmic Market Maker, a Collateral Optimization Engine, cross-chain interoperability powered by Axelar, and soon, a market-clearing consistent margin lending & liquidation mechanism, and Decentralized Protocol Governance.

Website： https://www.ithacaprotocol.io/

Twitter： https://twitter.com/IthacaProtocol

【4】Squid

Amount: $4 million

Stages: Strategic Financing

Date: January 31

Investors: Polychain, Nomad Capital, North Island Ventures, Chorus One, Distributed Global, Fabric Ventures, Node Capital, Chapter One, Maelstrom Capital Department of XYZ, Breed VC, Binary Builders, Typhon Ventures

Category: DeFi, DEX, Cross-Chain Aggregation DEX

Description: Squid is the cross-chain swap and liquidity routing protocol on the Axelar Network. It uses existing DEXs to swap and send any native token between chains. Squid’s API and SDK support swaps between any token type and enable multiple swaps and on-chain function calls to be linked together across an extensive list of integrated chains, allowing developers and users to explore new ecosystems in an instant.

Additions: Squid raised $ 3.5 M in Seed round on Jan 31, 2023

Website： https://www.squidrouter.com/

Twitter： https://twitter.com/squidrouter

【5】Sansa

Amount: Undisclosed

Stages: M&A

Date: January 31

Investors: Art Blocks

Category: NFT, NFT Marketplace, Digital Art

Description: Sansa is a digital art marketplace tailored towards generative art. It allows usersto discover, analyze and collect digital art from top artists, galleries and platforms in a safe and creator-supportive environment.

Website: https://sansa.xyz/

Website: https://twitter.com/sansaxyz

【6】Reboot World

Amount: $2.5 million

Stages: Seed round

Date: January 31

Investors: ZMT Capital, PAKA, Eureka Partners, Signum Capital, DeData Technologies

Category: Metaverse

Description: Reboot World is the first omnichain open-nested metaverse based on generative AI (AIGC) and Mixed Reality Generated Content (MRGC) where players could rebuild a cross-chain parallel world on their own with creativity. Players can map physical assets to digital assets in the form of NFTs, upload them to the all-in-one marketplace, and integrate them into games with game makers.

Website: https://reboot.world/

Twitter: https://twitter.com/RebootDotWorld

About TrendX

TrendX is an AI-driven Web3 trend tracking and intelligent trading one-stop platform, using large language model and AI technology to find market trends, and seamlessly combined with intelligent trading, committed to becoming a new generation of AI trading platform for 1 billion users to enter Web3 to check projects, find hot topics, see trends, primary investment, and secondary trading.

Website：  https://app.trendx.tech/

Twitter：  https://twitter.com/TrendX_tech