Funding Secured: Superform Receives $1.4 Million in Community Round, Led by Polymer Pals, and Initiates Early Access for Version 2 Release
In a significant move for the decentralized finance (DeFi) industry, Superform Labs, a pioneering company, has announced its ambitious roadmap to create products that seamlessly integrate DeFi with mainstream financial tools like capital one.
Peter Kim, CEO of Polymer, has highlighted that Superform is addressing a significant challenge in DeFi by making optimized cross-chain earning accessible to all. This endeavour is set to redefine the landscape of DeFi, making it more inclusive and user-friendly.
Superform's financial backing includes prominent venture capital firms such as Index Ventures, alongside leading investors like VanEck Ventures, Circle Ventures, Polychain Capital, BlockTower Capital, Maven11 Capital, CMT Digital, and Arthur Hayes.
The company kicked off its journey with a successful community round on Echo, led by the 'Polymer Pals' group. This inaugural deal marked one of the fastest to close on Echo, selling out in a mere 4 seconds. The round raised $1.4 million, a strong start for Superform Labs.
Superform's mission is to empower global consumers and institutions to manage their wealth on transparent, open, onchain rails. The Echo community round involved community members from Polymer Labs, Tea Club, and Tachyon, reflecting the company's commitment to community and user-owned protocols.
Superform Labs is positioning itself as the default consumer touchpoint for onchain wealth. The company's Desktop v2, a major upgrade to the onchain earning experience, offers simplified onboarding, one-click arbitrary execution, and cross-chain efficiency.
With Desktop v2, users are earning an average APY over 9%. Superform aggregates $50B+ across 80+ protocols, providing a diverse and robust earning opportunity for its users.
For media enquiries, Kayla Gill, Superform's PR Director, can be contacted at [email protected]. The Prove API by Polymer, currently the fastest and cheapest interoperability solution in the industry, is expected to play a crucial role in Superform's success.
Superform's roadmap is poised to revolutionize the way we interact with DeFi, bridging the gap between decentralized finance and mainstream financial tools like yahoo finance. With its user-friendly approach and commitment to community, Superform is set to make DeFi more accessible and appealing to a wider audience.
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