NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

Cardano-Based DeFi Infrastructure Builder deFIRE Raises $5 Million In Pre-IDO Funding

NewsBTC
NewsBTC
4 years ago
2 mins read
deFIRE

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Many blockchains have gained traction in the world of decentralized finance. Although Cardano is not often mentioned in this context, that situation may come to change soon. Decentralized smart order routing engine deFIRE has completed its $5 million pre-IDO funding round.

Building The Cardano DeFi landscape

At its core, the Cardano ecosystem lends itself well for a variety of purposes. Its multi-layer approach – splitting settlement and computational tasks – offers tremendous potential for complex applications and smart contracts. Building decentralized finance services and products on such an ecosystem can lead to innovative services and products. Before that can happen, it is essential to establish the foundation powering the future DeFi ecosystem of Cardano.

The deFIRE team – aided by Changelly and Occam.fi – aims to create the first necessary brick to build that infrastructure. As a low-latency decentralized order router, deFIRE aims to attract institutional order flow originators and retail traders. By connecting to the deepest on-chain liquidity pools – and the option to create new pools if necessary – this service will prove essential to the future development of DeFi on Cardano.

As deFIRE is incubated by Occam.fi and taps into Changelly’s vast network and expertise, the team has high expectations to meet. For network participants, it is paramount to have efficient and safe access to optimal execution services across decentralized exchanges. The success of DEXes results in more liquidity to execute trades and swaps. In this case, the main focus lies in providing a solution to swap between different Cardano-based tokens.

Pre-IDO Funding Completed

The bold vision of the deFIRE team has attracted attention from numerous VCs before the team organized its Initial DEX Offering on the OccramRazar launchpad. A total of $5 million in funding has been secured. Noteworthy participants include Cryptodromfund, Lotus Capital, Axia8 Ventures, Sheesha Finance, and others. The support by these reputable and prominent angels and new investors gives the team the option to leverage token liquidity at an early stage.

Changelly CEO Eric Benz comments:

“We are thrilled to announce the successful conclusion of the private round led by some of the largest and most active investors in the rapidly expanding DeFi space. deFire leverages DLT and a contemporary market architecture to revolutionize the high-performance trading landscape significantly and transparently enhance order execution quality for institutions and individuals alike. Working alongside, I am sure we will bring a lot of value and liquidity to the Cardano ecosystem.”

Once the team completes its upcoming IDO on OccamRazer, deFIRE will decentralize the governance of its ecosystem. To achieve this goal, the team will create the deFIRE DAO, giving token stakers a chance to submit and vote on proposals to modify system parameters. The team will communicate more information on this decentralization via the official channels as products are released on the mainnet.

Closing Thoughts

Despite the initial success of decentralized finance, the industry is still in the nascent stage. Strengthening the infrastructure across different blockchains will pave the way for enhanced interoperability, rather than focus on ecosystems competing with one another. The future of DeFi will hinge on infrastructure, and there is still plenty of room for improvements on that front.

As Cardano is now an official frontier for decentralized finance, building that infrastructure becomes more critical. The vision by deFIRE is bold and ambitious but also highlights the potential of what one can achieve in the decentralized finance world. With the $5 million in pre-IDO funding secured, the team can focus on building and enhancing the Cardano ecosystem.

Tweet123Share196ShareSend
NewsBTC
NewsBTC

NewsBTC

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

How Token Utility Is Finally Catching Up to Hype: The Real Story Behind FUNToken’s Price Spike

For much of crypto history, token utility was not considered as a primary characteristic. Most cryptotokens could be used for...

NewsBTC 1 week ago

$57 Billion Mistake? Ex‑Ripple Engineer Reveals XRP Investment Blunder

MicroStrategy’s (now Strategy) big bet on Bitcoin has paid off so far, but it may have left even more money...

Christian Encila 1 week ago

How Stablecoin Rules Are Cementing USD as the World’s Digital Anchor

Conventional crypto wisdom has traditionally painted stablecoins as a potential threat to the U.S. dollar’s hegemony: digital upstarts set to...

News BTC 1 week ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

My Lovely Planet Becomes First Web3 Game Recognized by Google’s #WeArePlay Campaign

NewsBTC 3 days ago

FunToken’s $1 Million Debut on Uniswap Proves Demand Is Roaring

News BTC 6 days ago

Utility Tokens in DeFi: Do They Make or Break Crowdfunding Efforts?

NewsBTC 1 week ago

Premium Sponsors

Press Releases

  • Earn $9,141 a day with mobile mining! ETHRANSACTION Smart...

    3 days ago
  • イーサリアムの価格が3,700ドル付近で横ばい、次の注目銘柄はこのico 仮想通貨プロジェクトか?大型チャンスの予感

    ...

    3 days ago
  • 次の100倍を狙えるミームコインを見逃すな?話題の取引ボット連動型トークンがそのチャンスかも

    ...

    3 days ago
  • FTXが9月も返金を継続:弱気相場に備える仮想通貨プレセール3選

    ...

    3 days ago
  • 暗号資産価格暴落によるパニック売りの中で注目される新しい仮想通貨の買い時とは

    ...

    3 days ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.