The rapid growth in the world of decentralized finance (DeFi) announced an increase of $ 4.9 million today, led by major venture capital groups in the industry, as well as some unusual startups.

Alchemix, a DeFi lending protocol whose loans are automatically repaid through deposits in other repayment protocols, today announced on Discord a $ 4.9 million harvest led by ten investors, including industry support from CMS Holdings and Alameda Research, and startups by top operators. Investment money for cryptocurrencies such as Eagle Capital.

Complementing the list of investors is Unchangeable Capital, Nascent, Protoscale Capital, LedgerPrime, Fisher8 Capital, Orthogonal Trading, and Unspecified Person.

Alchemix aims to become one of the major funds for the Ethereum ecosystem. This is the culmination of countless innovators, a good idea and a lot of hard work from our team, “said Scoopy Trooples, President of the Alchemix Group.” […] We are pleased to have the support of a number of reputable investments from the company. With their support, we can charge a whole day and make Alchemix even better. ”

Unlike many of the recent venture capital investments in DeFi Protocols, the Alchemix team made some effort to unveil the terms of the tour. According to their Discord post, the team was selling tokens from their team’s cash for around $ 700 per ALCX, with prices ranging from $ 680 to $ 800 depending on the token trading area on the day of the sale on March 11th.

The post says the sale provides a team equivalent to an annual listed, and explains that there is now an annual team block that sells additional custom tokens, as well as a three-month block for new investors selling them. The newly raised funds will be used for auditing, entrepreneurship, recruitment, marketing, and society.

Alchemix is ​​part of what has been dubbed “Gen 2” for DeFi, a group of projects based on previous protocols that are currently ahead of the wider market.

E-Girl Capital partner CL, spoke eagerly about the project’s potential.

“Personally, I think the team is very knowledgeable and optimistic about the project as stablecoins continue to be printed daily and propagate into DeFi protocols, and the idea of ​​being able to take advantage of future revenues immediately is very strong,” they said.

Investing fuels a growing trend with traditional legal entities and venture capitalists on fundraising rounds with new, and possibly atypical, investment entities. However, as the DAOs and Treasury Management smart contract tool becomes more sophisticated, anonymous individuals and entities may issue more press releases.

Source: CoinTelegraph