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Binance Labs leads $12M round for DeFi platform WOO Network
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Decentralized finance (DeFi) liquidity provider WOO Network has secured additional funds in a Series A funding round.
Incubated by quantitative trading heavyweight Kronos Research, WOO Network has pocketed an additional $12 million strategic investment in a a Series A+ funding round led by Binance Labs. The fresh funding, announced by Binance Labs on Tuesday, builds upon WOO Network’s $30 million Series A funding round.
WOO Network is known for adding liquidity to tens of institutions, exchanges, trading teams, wallets and decentralized applications. DYDX, Matcha, ParaSwap, 1inch and DODO are the primary protocols supported by the DeFi platform. WOO claims to provide cheap liquidity thanks to algorithmic aggregation and trading techniques.
Read more on cointelegraph.comAbout this in other media
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