DeFi Abstraction Protocol Infinit Secures $6 Million Funding

DeFi abstraction protocol Infinit raised $6 million in a funding round that included Electric Capital, Mirana Ventures, Hashed, and Arthur Hayes’ family office, Maelstrom.

Other investors in this round included Lightspeed Faction, Nomad Capital, Robot Ventures, Tangent, and Presto Labs.

The project plans to utilize the newly acquired funds to enhance its infrastructure, aiming for a smoother experience for DeFi protocol builders.

According to a statement shared with The Block, Infinit provides support for end-to-end DeFi infrastructure and currently powers 12 apps across three chains. These applications include protocols such as INIT Capital, Ethena, and ZeroLend.

By abstracting away the technical details, Infinit aims to streamline processes and offers infrastructure tooling to develop DeFi applications, including money markets, DEXs, perpetual platforms, and yield protocols.

The team emphasized their goal is to make coding a non-requirement so that anyone can build and launch applications in minutes using the INFINIT frontend.