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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