BARCELONA, Spain, July 28, 2022 (GLOBE NEWSWIRE) — Leading blockchain venture funds contribute to the development of the cosmos-based project, Quasar Finance, which brings transparency, ease of access and use to DeFi.
Quasar Finance has raised $6 million from a number of leading investment firms, including Polychain Capital, Blockchain Capital, Figment Capital, Lightshift Capital and Galileo.
The firms have supported Quasar Finance’s vision to create a range of accessible, structured investment products within the DeFi ecosystem that both investors and liquidity providers can benefit from.
The top priority of CEO and co-founder Valentin Pletnev and his global team is to make the management of digital assets easy, accessible and secure, while using the Cosmos platform’s Inter Blockchain Communication (IBC) protocol, a powerful technology that connects and enables value and data transfer across chains, native.
Valentin said: “Hack, manipulation, exploits: the current world of decentralized finance is full of failed projects, bad actors and questionably motivated owners, the time has come to give investors and liquidity providers access to a service that just works.”
“Quasar uses the latest in IBC technology to offer the most advanced and accessible structured investment products in DeFi.”
“This is why we are bringing Quasar Finance to market, and why we have received support from some of web3’s largest investors.”
Quasar allows the creation of vaults where investors can park their assets to receive returns, while strategists and liquidity providers can develop and launch their own vaults.
What investors say
Ben Perszyk, Polychain: “Quasar abstracts away some of the complexity involved in earning lending returns, providing liquidity to AMM pools, or structuring delta-neutral strategies, and hides these capabilities behind an accessible, easy-to-use front end. By deploying its own application-specific IBC chain, Quasar offers a powerful new suite of DeFi tools for end users, positioning itself as a liquidity hub for the ever-expanding Cosmos DeFi ecosystem.”
Aleks Larsen, Blockchain Capital: “Valentin is an exceptionally talented founder and we are thrilled to support him and his team as they build the easiest way to earn returns on any IBC-enabled blockchain.”
Simao Cruz, Lightshift Capital: “Valentin and the team at Quasar are leveraging cutting-edge technology in blockchain to create one central place for asset management. Quasar will solve the liquidity issue in the chain, so that everyone can create new funds, improve strategies or take advantage of opportunities regardless of where they liquidity is maintained.”
About Quasar Finance
Quasar Finance makes digital asset management simple, accessible and secure. We have carefully designed a platform to easily create and join Vaults independent asset containers equipped with IBC technology enabling inter-chain value capture in the Cosmos ecosystem and beyond.
Quasar democratizes DeFi by making it fair, simple and transparent. Quasar’s platform and vault make DeFi investing easy for traders, while lowering the barriers to entry into vaulting for strategists. Find out more here – www.quasar.fi.
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