DeFi rating project Exponential completes $14 million seed round financing, led by Paradigm

Chain Catcher news, the DeFi rating project Exponential announced the completion of a $14 million seed round financing, led by Paradigm, with participation from Haun Ventures, FTX Ventures, Solana Ventures, Polygon, Circle Ventures, and over 80 angel investors.

It is reported that Exponential's product is currently still in the testing phase, and it will establish a rating system focused on the DeFi market, using scores from A (best) to F (worst) to evaluate different pools, tokens, etc. The rating criteria include the specific design of the protocol and chain, past issues that have occurred, dependencies on other projects, and more. In addition to the rating system, Exponential will also launch a custodial wallet. (Fortune)