On chain investment project Storm Labs received $3 million in funding
2024-04-09 13:14:12
Storm Labs has raised $3 million to establish the on chain portfolio manager Cove. This round of financing is led by Electric Capital, with Accomplice, Robot Ventures, Daedalus, and well-known angel investors in the industry participating. Cove allows users to build and manage customized DeFi investment portfolios without the need for manual operations, addressing issues such as loss and rebalancing. The Cove Boosties launched in the first phase is a Yearn centric platform that can increase annual interest rates and obtain Cove's governance tokens in advance. Cove is optimized by Gauntlet and reviewed by Trail of Bits, Quantstamp, and yAudit.
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