Coin98, a cross-chain liquidity protocol that aims to be the gateway from Traditional Finance (TradFi) to Decentralized Finance (DeFi), has listed 174 projects related to the market maker DWF, of which 39 projects are listed on Binance and only 6 projects currently do not have tokens. DWF is a decentralized autonomous organization (DAO) that provides liquidity and growth capital to emerging DeFi projects.
Coin98 has recently raised $11.25 million in a strategic funding round led by Hashed and Spartan Group, with participation from Multicoin Capital, CMS Holdings, Alameda Research, and other prominent investors. The funding will be used to expand Coin98’s ecosystem and develop new products, such as a launchpad, a lending and borrowing platform, a megafarm, a derivatives market and an NFT marketplace.
DWF has cooperated or invested in more than 430 projects
DWF’s founder and CEO, Andrei Grachev, said that the projects listed on Coin98 account for only about 40% of DWF’s portfolio, which means that DWF has cooperated or invested in more than 430 projects. He added that DWF is always looking for innovative and promising projects that can benefit from its liquidity and expertise.
“We are very excited to partner with Coin98, one of the leading DeFi platforms in the industry. Coin98 shares our vision of building a more open and inclusive financial system that empowers users across multiple blockchains. We believe that Coin98’s products, such as Coin98 Wallet, Coin98 Exchange and Space Gate, will provide a seamless and user-friendly experience for our portfolio projects and their communities.” – Andrei Grachev, founder and CEO of DWF.