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DeFi Protocol Exotic Markets Closes Private Sale with $5 Million -Breaking

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DeFi Protocol closes private sale with $5 million
  • Exotic Markets closes private sale with $5M
  • Investors and VCs attended the event.
  • Blockchain is the engine behind Exotic Markets.

Exotic Markets is a DeFi protocol which aims to provide wealth management and structured products to the DeFi market. It’s proud to announce it has raised $5M from VCs and well-known investors.

The private token sale attracted notable investors such as Solana Capital TPS (Animoca Brands), Alameda Research and Morningstar Ventures. Ascensive Assets and Multicoin were also present as investors.

Exotic Markets employs the Solana Blockchain in order to accomplish its goals. Solana has become the preferred place to purchase DeFi services and products. All this is thanks to the network’s high efficiency, low fees, and fast speed.

In addition, the platform’s team is enthusiastic about innovating never-before-seen technologies and products across the space. Exotic Markets prides itself on its unique structure, which makes it stand apart from other DeFi projects.

It also supports single products that have path dependent products or digitals and that are built on token performance.

In a similar vein, Oliver Blakey (Managing Partner at Ascensive Assets) adds:

Ascensive Assets is committed to a long-term market vision and focuses on supporting sustainable projects. Investors will have the opportunity to earn yield in structured products, which are denominated using stablecoin instead of governance tokens. This is a healthy development for the DeFi market.

Additionally, Multicoin Capital’s Spencer Applebaum states:

Multicoin is very excited about structured product growth. Exotic Market’s unique architecture will allow more forms of payoffs on more underlyings than we have ever seen before. This will be a benefit to the whole DeFi industry and open up new avenues for individuals looking to take advantage of volatility market.

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