Singapore, Singapore, September 9, 2024, Chainwire
Yield Staking and Public sale-focused Pencils Protocol has introduced the profitable completion of its strategic fundraising spherical, bringing in a powerful $80 million after fundraising. This spherical was led by Taisu Ventures, DePIN X, Bing Ventures and Black GM Capital and so forth.
Pencils Protocol goals to revolutionize decentralized finance (DeFi). With modern merchandise like Farming, Vaults and Auctions, Pencils Protocol has created a platform that not solely affords strong monetary instruments, but in addition empowers customers to take management of their monetary future. Their success is rooted in group assist – over 400,000 energetic customers and a staggering $300 million in Whole Worth Locked (TVL) show the impression they’re having within the DeFi house.
“We consider Pencils Protocol is well-positioned to make a significant contribution to the rising Scroll ecosystem. Their use of zero-knowledge Scroll expertise mixed with a concentrate on scalable and personal DeFi providers is according to our technique of supporting modern infrastructure in Layer-Providing Public sale Companies, Income Aggregation and Recounting by Pencils Protocol is a sensible answer for growing asset utilization.—Takashi Hayashida, Managing Companion at Taisu Ventures
The Pencils Protocol is worked up to share the launch of its newest improvements: superior multi-strategy vaults, dynamic auctions and Store merchandise. These instruments are designed to supply extra refined income optimization methods and facilitate dynamic bidding for high-value property throughout each Web2 and Web3, additional contributing to the protocol's purpose of accelerating asset utilization within the DeFi house.
Concerning the Pencils protocol
Pencils Protocol is a next-generation decentralized platform providing modern DeFi options, together with leveraged income aggregation, blockchain and real-world asset (RWA) public sale providers, and extra. In partnership with Scroll, Pencils Protocol makes use of zero-knowledge expertise to extend the scalability, privateness and equity of decentralized functions.
web site: http://pencilsprotocol.io
Medium: https://medium.com/@PencilsProtocol
Twitter: https://x.com/pencilsprotocol
ContactHead of the Exterior Relations DivisionMicrophoneProtocol about pencilsdata@pencilsprotocol.io
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