Defi trading platform lifts round under the leadership of Brevan Howard as part of social investing push

Defi trading platform lifts round under the leadership of Brevan Howard as part of social investing push

A decentralized financial platform with a social investing twist that enables users to present their investment strategies via NFTs, has applied a $ 7.5 million round under the direction of the billionaire Alan Howard.

nested Finance intends to use the round of Serie A to adapt employees to expand additional blockchains and expand their staking capacities, founder Rudy Kadoch told Blockworks.

Brevan Howard announced a “massive” crypto-push in January. In addition to Howard, investors such as CMT Digital, Kenetic Capital and Republic Capital also took part in the round.

The startup enables users to shape a non -fungable token (NFT) on a supported blockchain of their choice that uses smart contracts to exhibit their shops with decentralized finances (Defi) on the Nested platform. Traders - the majority are small investors - are responsible for covering the costs for the characteristics of the NFT.

The supported blockchains now include Avalanche and Binance Smart Chain - now known as BNB Chain - and Vigoreck.

"Even if you are not a famous person on Twitter, you can make a name for yourself on Nested," said Kadoch.

After the embossing, the NFT is updated via a smart contract to display new trades in real time, which means that the need is to shape a new digital collector's item if the portfolio of a dealer changes over time. Users do not connect their nested portfolio to a centralized crypto exchange; Liquidity is provided by the decentralized stock exchange 0x.

nested, which enables users to replicate the portfolio of another dealer, relies on the increasing interest in crowdsourcing alpha, which is driven by success stories on social media. The idea, said Kadoch, be it to bring a clean, optimized user interface into the chaotic world of Defi, which penetrates the crypto noise.

The founder of the startup compared the company with the beginnings of Coinbase when the stock exchange brought crypto trading into the masses.

"Ten years ago they were able to buy cryptocurrencies, but came as a coin base, their plan to democratize cryptocurrencies through a beautiful UX and was therefore successful," he said.

"This is exactly what we want to achieve with Nested: Democratize Defi by simplicity."

nested earns money by raising a small fee for every new NFT. If users create an account, you have the option of copying an existing NFT on the marketplace - replicating your trades - or starting all over again. Dealers receive a license fee every time their portfolio is copied.

Kadoch said that trading in thousands of defi coins creates a bottleneck when it comes to penetrating space.

"Current exchanges are built for this [hardcore] users and not for the masses," he said.

. .

The post-defi trading platform lifts round under the direction of Brevan Howard in Social Investing Push.