• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
Breaking News: Crypto Exchange Binance To Launch Prepaid Card In This South American Country
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
Bitcoinist.com
No Result
View All Result
Breaking News: Crypto Exchange Binance To Launch Prepaid Card In This South American Country
Advertisement

$5 Million Raised by Cardano Project deFIRE Ahead of IDO

Bitcoinist by Bitcoinist
2 years ago
in Industry
0
Advertisement

deFIRE has netted $5 million in a recent round of private funding. The Cardano-based smart order routing platform will build momentum with this backing as it leads up to an initial DEX offering (IDO) through Occam.fi’s launchpad OccamRazer. The capital injection will aid in expanding infrastructure, hiring new staff, and increasing the functionality of the platform to serve as Cardano’s first fiat onramp. 

deFIRE is the product of a collaboration between Occam.fi, a provider of defi solutions tailored for the Cardano network, and  the crypto exchange Changelly. This most recent showing of support for deFIRE comes from some well-known names in crypto including Morningstar, SwissBorg Ventures, Cryptodrop Fund, MoonWhale, Hype Partners, Lotus Capital, Axia8 Ventures, Newtribe Capital, Sheesha Finance, IBA, GenBlock, Exnetwork, CoinsGroup, and Nodeseeds.

Get 30 FREE SPINS at Punt Casino - NO DEPOSIT REQUIRED! Start Playing Now.

deFIRE Brings High-Performance Trading to Cardano

According to Eric Benz, CEO of Changelly, “deFire leverages DLT (decentralized ledger technology) and a contemporary market architecture to revolutionize the high-performance trading landscape by significantly and transparently enhancing order execution quality for institutions and individuals alike.”

By bringing a platform for smart order routing to Cardano, deFIRE will allow users on the network to search for and execute the best trades possible at any given time by referencing the prices from multiple DEXs and delivering them to traders on command, capturing as much value as possible. “I am sure we will bring a lot of value and liquidity to the Cardano ecosystem,” Benz asserts.

Making Cardano Defi’s New Home

The meticulous planning that has gone into building Cardano’s network is intended to attract the defi community for years to come. The need for an optimized home for defi has become increasingly apparent in recent months, as the congestion on blockchains that currently house defi has led to slow transaction times and ridiculously high fees. 

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

The services offered by deFIRE will be important for attracting large-scale traders and institutional investors as defi continues to grow in range and scope.

“deFIRE is light years ahead of the competition,” said Mark Berger, President of Occam Association. “Cardano will be the go-to destination for massive flows of on-chain liquidity once smart contracts are released. To accommodate the order flow aimed towards the Cardano-defi ecosystem, it is crucial to offer optimal, trustless order execution.”

The armchair day trader swapping ten dollars worth of tokens may only see a loss or gain in cents when trading at suboptimal prices. On the other hand, the institutional investor swapping six-figure sums will experience gains and losses in the hundreds or thousands of dollars if they cannot secure an optimal price. 

deFIRE presents investors of all kinds with a time- and money-saving tool for securing the best price at the right time. Thanks to $5 million in private funding, the platform is now sitting in a prime position to deliver a powerful tool for capturing value and boosting profits within Cardano’s emerging defi ecosystem.

 

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Bitcoinist

Bitcoinist

Bitcoinist is the ultimate news and review site for the crypto currency community!

Related Posts

Meta Masters Guild is Building a Web3 Playground: Learn All About MEMAG

Meta Masters Guild is Building a Web3 Playground: Learn All About MEMAG

5 hours ago
The Reinvention of EOS: Can Blockchain Platform Win Web3 Arms Race?

The Reinvention of EOS: Can Blockchain Platform Win Web3 Arms Race?

18 hours ago
Three Projects Working to Make Web3 User Experience Great

Three Projects Working to Make Web3 User Experience Great

21 hours ago
Top 10 Crypto Loan Platforms in 2022

Top 10 Crypto Loan Platforms in 2022

1 day ago
Web 3 ecosystem firm, Fastex Raises $23.2 Million Via The Sale of Its Fasttoken (FTN)

Web 3 ecosystem firm, Fastex Raises $23.2 Million Via The Sale of Its Fasttoken (FTN)

3 days ago
What Changes P2E Does Need? Everything Web3 Project Meta Masters Guild is Bringing

What Changes P2E Does Need? Everything Web3 Project Meta Masters Guild is Bringing

4 days ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Top Casinos

BitStarz
BitStarz
Punt Casino
Punt Casino
mBit
mBit
Metaspins
Metaspins
1xBit
1xBit
Coinplay
Coinplay
K8
K8
Vegas Casino
Vegas Casino

Sportbooks

Coinplay
Coinplay

Press Releases

  • Red Pill Studio Announces Private Round for TrainCraft Game

    13 mins ago
  • California DMV Puts Car Titles On Tezos (XTZ) Blockchain...

    2 hours ago
  • Bitcoin Cash (BCH) Associates With TREZOR Wallet, Litecoin...

    3 hours ago
  • Avalanche (AVAX) price rally stalls, Polkadot (DOT) was #1...

    3 hours ago
  • Orbeon Protocol And VeChain Seek To Impact The Real World...

    4 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC

© 2022 Bitcoinist. 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.