Frontier is proud to announce that we have successfully closed a $1.85m Seed, Private, and Early Supporter raise led by industry heavyweights Alameda Research, Woodstock Fund, Mechanism Capital, Danish Chaudhry (Head of Bitcoin.com Exchange), NGC Ventures, CoinGecko, Spark Digital Capital, Black Edge Capital, AU21, TRG Capital, Bidesk, and Sandeep Nailwal (Co-founder of Matic Network).
We will be among the first batch of projects ever listed on Serum, the world’s first completely decentralized derivatives exchange with trustless cross-chain trading. The Frontier application suite will also support Solana’s lightning-fast web-scale blockchain and its SPL’s, including $SRM.
In discussions with Serum and technical due diligence, we quickly realized that their team’s conviction in open finance runs deep. They treat DeFi not as an overnight trend but as a recognizable tide shift in which Serum will play a significant role. The same level of engagement was also evident from Woodstock Fund, who, since 2019 has played an integral part in Frontier’s success and views open finance not as a transient craze, but as a long term-trend of convergence of decentralized and traditional finance.
Other incredible backers committed fully with both feet to our mission of creating the best blockchain-agnostic DeFi read-write aggregation layer on the market. App-native protocol tracking and management, staking, best-rate asset swapping, liquidity provision, and CDP creation and monitoring are parts of Frontier’s core competency.
To date, we have added support for DeFi on Ethereum, Binance Chain, BandChain, Kava, and Harmony. Via StaFi Protocol, we will enter into the Polkadot ecosystem, and we will now put vigorous efforts towards Serum. The Serum team will also provide us with immense support as we build native Frontier integrations to strengthen the platform.
Frontier believes that open finance belongs to no single blockchain, and we are grateful that our strategic partners and investors also share this view. 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.
In addition to our listing on Serum, we are also exploring $FRONT liquidity additions into Uniswap, Mooniswap, Balancer, and soon to launch UniLend Finance. Further token distribution avenues that align with Frontier’s goals will follow.
Our primary focus during the last 16 months has been DeFi. It is not a trend; it is a fundamental shift in the way that participants engage with the cryptoasset market, and we believe that it has only just begun.