DeFi protocol Quasar completes $5.4 million funding, led by Shima Capital

ChainCatcher news, based on Cosmos, the DeFi protocol Quasar Finance announced the completion of a $5.4 million funding round at a valuation of $70 million. This round was led by Shima Capital, with participation from Polychain Capital, Blockchain Capital, HASH Capital, CIB, and Osmosis co-founder Sunny Aggarwal.

It is reported that Quasar plans to provide structured investment products for DeFi and will open its public testnet on February 10. (Source link)