DeFi aggregator Frontier closes seed investment round, announces Serum DEX Listing

Frontier has announced that it has successfully closed a $1.85 million private seed round as well as listing on Serum to help achieve its goal of onboarding more DeFi users.

By · Aug 26, 2020 . 6min read

Frontier closes seed investment round

Chain-agnostic DeFi aggregator Frontier announced it has successfully closed a $1.85 million private seed round syndicated investment and will be listing on Serum DEX.

Frontier made this announcement in a recent blog post. It went to share more details on the entities who participated in the seed round investment. Notable industry names like Alameda Research, FTX, Woodstock Fund, Mechanism Capital, are among the investors. Danish Chaudhry (Head of Exchange), NGC Ventures, also made a list. CoinGecko, Spark Digital Capital, Black Edge Capital, AU21, TRG Capital, Bidesk, and Sandeep Nailwal, the Co-founder of Matic Network, also participated. Their investments culminated into a $1.85 million private seed round.

Following this investment, Frontier will be among the first set of projects to list on Serum DEX. In addition to listing on Serum DEX, the Frontier application suite will also support Solana’s lightning-fast web-scale blockchain and its SPL’s, including $SRM.

Frontier’s seed investment and additional listing on Serum will help it achieve its goal of onboarding more users. As the announcement shows, the Frontier team said,

With this funding, our goal is to onboard as many new users as possible into decentralized finance across whichever platforms they prefer and do it in a way that is native, seamless, and accessible.

Frontier becoming the go-to mobile solution for Native DeFi, seed investment and Serum DEX listing presents even bigger opportunities

Since Frontier launched in 2019, it has successfully integrated different DeFi projects across several chains. Some of its integrations include support for Binance Chain, BandChain, Kava, and Harmony. It is also making plans to add the newly launched Polkadot using the StaFi Protocol. Using a wallet composability feature, it calls TxLink; mobile wallets can connect to Frontier such that users can access Native DeFi, stake as well as track DeFi protocol positions without having to import Private keys/seed phrases. Once it adds supports for Serum, it will become one of the most widely used aggregators for native DeFi. This means Frontier will be serving users on at least seven different blockchains.

Frontier comes in as a timely solution, especially with the boom the DeFi space continues to experience lately. As an aggregator Frontier fixes inherent fragmentation problem for DeFi users. It enables unified Compound, Maker, Synthetix, Aave, InstaDApp, Uniswap, bZx, Balancer, and Curve monitoring and management. As the DeFi industry continue and to grow and more protocols added into the ecosystem, Frontier keeps providing support. So for it, more projects and DeFi users, more opportunity for it to expand as it allows for support.

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