Ariadne is a multi-chain platform that aggregates assets and uses para-token-powered dashboards to transfer them faster and cheaper across multiple blockchains. It has raised $835,000. LedgerPrime is participating investor. Impossible Finance and Rarestone Capital are also investors. D1 Ventures has participated. Incuba Alpha was, Supernova, Exnetwork and Parsiq were all other investors. Fabien Marinao of Snapshot and Nick Chong at Parafi are among the Angel Investors in this round.

Ariadne wants to address one of DeFi’s biggest problems: friction and high fees when it comes to cross-chain DeFi opportunities. By reducing swapping and bridging fees for EVM as well as non-EVM chains, both casual users and power users can save time and money. Ariadne makes it possible for users of all supported chains to exit and enter yield farms from the same place. They don’t need to be involved in swaps or slippage.

Ariadne CEO Eugene Shimalsky says, “Ariadne was born out of a personal and team frustration around current DeFi usability. The industry is still very young. However, the lack of experience is a problem. Ariadne will help solve some of these issues by bringing aggregating and simplifying opportunities in one place, without any of the current friction.”

Joel John of LedgerPrime says “We are in the age of multi-chain networks. Due to increasing fees, retail-oriented applications are now required to create their own chain. Axie’s launch of its Ronin Chain is a good indication of this trend. We have invested in this theme as a fund for a long time and think there will be many approaches to creating an efficient channel for assets that can move between chains. Ariadne’s decentralised marketplace allows the market to determine bridge costs which should create entirely new dynamics for end users. We are keen to see the impact of the venture of large scale yield farms that require assets interacting with one another in a cross-chain fashion”.

Ruby Wu of Incuba Alpha says, “We’ve seen a super hot multichain summer in 2021 and have been looking for products to improve the multichain farming experience ever since. To enjoy multichain’s benefits, users are seeking products to lower the bridge cost and manage gas fees for different chains. The Ariadne team has demonstrated strong ability to provide cross-chain one-stop solutions to users and we see large potential for them to grow along with the multichain universe.”

Allen Gomberg of Parsiq says, “As the market stands, bridging and moving assets around to various farms on different chains has really become a headache. Ariadne has created a platform to allow users to transfer funds easily between different farms and reduce fees. As more and more chains gain popularity and protocols become multichain, we’ll see more users relying on protocols like Ariadne that streamline the process.”

Ariadne currently is available on multiple testnets. It will soon be made available to the public on Polygon and BSC as well as ETH (NEAR). Previous seed funding was received from Supernova Ventures, ExNetwork and Black Unicorn as well as Tritium Ventures.

Ariande has announced recently that the NEAR Foundation will grant her a grant. This partnership is also long-term. Ariadne has deployed smart contracts to Aurora (NEAR EVM) and is developing contracts for NEAR to grant access to the “best incentivized farms from , BSC, Polygon, and ” without having to leave NEAR.

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