Quasar Finance raises $5.4M
Quasar Finance raises $5.4M to advance interchain DeFi, announces public testnet launch date and new website. Quasar has successfully raised $5,432,100 USD (countdown intended) for our bridge round, with a $70 million USD valuation. This bridge round was led by Shima Capital. Alongside returning investors Polychain Capital, Blockchain Capital, HASH CIB, and Osmosis founder Sunny Aggarwal. New investment also comes from Anagram and major players in the Cosmos ecosystem such as Cosmostation, Keplr, and Everstake. “Quasar is an irreplaceable cornerstone of Cosmos and is a critical unlock for DeFi across IBC protocols. Quasar not only solves for the ecosystem’s fragmented capital shortcomings but also provides cutting-edge, secure financial mechanisms for a diverse user base. Valeyo and his team fundamentally redefines on-chain asset management and establishes Quasar as a strong precedent for the next generation of DeFi applications.”— Alex Lin, Shima Capital $11.5 milli...