DeFi abstraction platform Infinit raises $6 million from investors including Electric Capital, Arthur Hayes' Maelstrom

Quick Take

  • Infinit raised $6 million in a funding round involving Electric Capital, Mirana Ventures, Hashed, and Arthur Hayes’ family office, Maelstrom.

DeFi abstraction protocol Infinit raised $6 million in a funding round involving 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 project said it plans to use the newly raised funds to enhance its infrastructure and facilitate a smoother experience for DeFi protocol builders.

According to a statement shared with The Block, Infinit, which offers support for end-to-end DeFi infrastructure, already powers 12 apps across three chains. This includes protocols such as INIT Capital, Ethena, and ZeroLend.

By abstracting the technical details, Infinit aims to streamline processes. The project added that it provides infrastructure tooling to develop DeFi applications, including money markets, DEXs, perpetual platforms and yield protocols. “The goal is for coding to eventually become a non-requirement, allowing anyone to build and launch in minutes using the INFINIT frontend,” the team said.


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About Author

Timmy Shen is an Asia editor for The Block. Previously, he wrote about crypto and Web3 for Forkast.News from Taiwan after spending more than three years in Beijing covering finance, entertainment business and current affairs at Caixin Global and Chinese tech at TechNode. His China-related reporting has also appeared in The Guardian. When he's not chasing headlines, you'll find him savoring hot pot and shabu shabu in a Taipei local haunt. Timmy holds an MS degree from Columbia University Graduate School of Journalism. Send tips to [email protected] or get in touch on X/Telegram @timmyhmshen.