PANews reported on December 14 that the decentralized lending protocol Yei Finance announced the completion of a $2 million seed round of financing. This round of financing was led by Manifold and participated by several top investment institutions, including DWF Ventures, Kronos Research, Outlier Ventures, Side Door Ventures and WOO. In addition, it also received strong support from the Sei Foundation, as well as support from Gauntlet angel investors, Scallop CMO 0xZHUANG and other industry veterans.
Yei Finance is the leading decentralized lending protocol in the Sei ecosystem, committed to reducing risks through modular design. Since the launch of the main network Yei v1, the protocol has developed rapidly, with a total locked volume (TVL) exceeding 130 million US dollars in just three months, and has established strategic partnerships with industry-leading projects and teams such as LayerZero, OKX, Bitget, Gate.io, Stargate, Elixir and Frax. With excellent execution capabilities and a strong cooperative network, Yei Finance has successfully promoted the rapid development of the ecosystem. The new funds will be used to promote the research and development and optimization of cross-chain lending protocols, further improve capital efficiency and expand the market.
