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Kokoa Finance Raised $2.3M in Funds to Build Klaytn DeFi By CoinQuora

by Mike Robinson

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Kokoa Finance Raised $2.3M in Funds to Build Klaytn DeFi
  • Kokoa Finance has successfully completed its $2.3M funds led by Hashed.
  • Funding will be used for KlaytnDeFi.

Kokoa Finance completed the $2.3 million Hashed-led funds. This fund was managed by Hashed and Sky Vision Capital as well as a41 Ventures. A number of individual angel investors were also involved.

Klaytn DeFi will also benefit from the funds. Klaytn, in fact, is the first blockchain to be launched by KakaoTalk’s company Kakao. In 2019, the most famous Klaytn Blockchain was released.

This platform is also a success story thanks to KakaoTalk’s partner and native Klip wallet. Added to this, the platform’s capitalization has reached $4 billion due to its adoption in Korea.

Despite this success, Den’s DeFi ecosystem is rapidly emerging, offering lucrative opportunities for projects like Kokoa Finance. Specifically, Kokoa Finance is establishing the Kokoa Stable Dollar (KSD) stablecoin system, similar in architecture to the DAI system on …

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