The Enso Finance project, aimed at building a platform for social trading in DeFi, attracted $5 million in investments. The round was led by venture firm Polychain Capital and Beacon Fund from Dfinity.
1/5 Announcing Ensō Finance where your strategies are only limited by your imagination.
Access alpha yield farms, batch yield farms, batch AMM purchase, flash swaps, collateralization, and restructuring all within one UI.https://t.co/3tEVQBs9qZ
— EnsoFinance (@EnsoFinance) April 13, 2021
Other participants include Multicoin Capital, P2P Capital, Spartan Group, Zola Global and The LAO.
“The Enso platform enables the creation of an unlimited number of strategies, which include all ERC-20 tokens available in the DeFi ecosystem, and provides integration with yield farming,” the startup said.
According to the project team, through an intuitive interface users will be able to develop their own strategies, subscribe to other traders and follow them, as well as combine different approaches to trading.
As Polychain has already invested in a number of DeFi projects, among which are the liquidity guarantor KeeperDAO, the infrastructure developer Findora and the decentralized exchange Saddle Finance.
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