Infinit Raises $6 Million for DeFi Abstraction Protocol

DeFi abstraction protocol Infinit has successfully raised $6 million in a funding round, with participation from notable investors such as Electric Capital, Mirana Ventures, Hashed, and Arthur Hayes’ family office, Maelstrom.

Other investors include Lightspeed Faction, Nomad Capital, Robot Ventures, Tangent, and Presto Labs.

The funds will be used to enhance Infinit's infrastructure and improve the experience for DeFi protocol builders. Infinit supports end-to-end DeFi infrastructure and currently powers 12 applications across three chains, including protocols like INIT Capital, Ethena, and ZeroLend.

By abstracting technical complexities, Infinit seeks to streamline processes and provide necessary infrastructure tooling for developing various DeFi applications, including money markets, DEXs, perpetual platforms, and yield protocols. The team mentioned, "The goal is for coding to eventually become a non-requirement, allowing anyone to build and launch in minutes using the INFINIT frontend."