PANews reported on December 17 that DeFi application layer Rujira stated in its official blog: "Rujira has successfully raised $7 million from a group of investors who intervened early after the merger announcement. With these funds, we have the ability to execute our plans without the need for additional funds at this time. In the future, if necessary, we will be able to obtain additional funds through over-the-counter transactions to further support the development of Rujira. The completion of this round of financing also clears a key obstacle for RUJI TGE, which is currently expected to be held in February next year. As always, this timeline is for reference only and may change."
According to reports, Rujira is the DeFi application layer on THORChain, created by the Rujira Alliance between Kujira, Levana and THORChain. It combines Kujira's DeFi tools with THORChain's liquidity and cross-chain capabilities to achieve seamless, bridge-free access to blockchain networks.
