Crafting Finance (Crafting.finance), the next-generation Polkadot-based decentralized finance platform with swapping, lending, borrowing, and synthetic asset features, has announced a new investment from Infinity Capital, a fund specialising in distributed ledger technology investments. Crafting Finance will leverage the acquired funds to support the development of its decentralized savings and lending products, and address various security requirements pertaining to decentralized finance.
Infinity Capital is an avid supporter of promising crypto projects, and due to its wide array of DeFi services and commitment to maintaining a high level of security, saw an opportunity to cultivate Crafting Finance’s potential in the cryptocurrency space.
Developed by world’s leading blockchain developers, cryptographers, research scientists, and experts from finance backgrounds, Crafting Finance aggregates core Decentralized Financial Products in one place, like no other project in the industry. The core features of Crafting Finance include Forge, Kingsman, and various synthetic assets (Raft, RaftStable, UnivRaft, BondRaft). Forge supports a variety of collaterals to generate various synthetic assets and even user-defined assets. Kingsman, the DEX using sharing debt pool (SDP) trading mode, does not require counterparties, which solves the problem of DEX trading depth.
This proprietary protocol’s implementation will bring significant and lasting change to the trading of financial products and other DeFi use cases which include the following major innovations:
- The platform supports the minting of almost all kinds of synthetic assets, such as Bond, stablecoins, customized assets, etc. directly.
- After users mint synthetic assets, they can choose whether to join the shared debt pool (SDP). This is the most important innovation Crafting Finance will bring to synthetic assets. Users who do not want to take the risk of “crafting loss” which is a loss that may occur holding synthetic assets, can choose not to join the SDP to avoid the risk. More interesting is that users can still trade in Kingsman even if they do not join the SDP.
- Multiple debt pools are natively supported. In the future, the debt pool can be split based on various methods (when the liquidity is enough, it can be completed by DAO).
Anray, the core contributor of Crafting Finance, commented, “We are proud to be driving the future of decentralized finance, and very pleased to have the backing of Infinity Capital. It is overwhelming to be recognized by such a prominent player, alongside so many other exciting DeFi projects benefiting from Infinity Capital’s billion-dollar asset fund. This partnership will undoubtedly bring Crafting Finance one step closer to our goal of introducing true decentralization to the financial space.”
The investment from Infinity Capital follows Crafting Finance’s recent announcement of an undisclosed amount of capital from Signum Capital, a leading blockchain venture capital firm based in Singapore. As one of Asia’s leading blockchain-focused investment firms, Signum will advise Crafting Finance on its upcoming product launches and the company’s future strategic partnerships.
To date, Crafting Finance is also backed by industry leading institutional investors including CMS Holdings, NGC Ventures, Continue Capital, LD Capital, DFG Capital, Waterdrip Capital, Longhash Ventures, Northbund Capital, PAKA Capital, SNZ Holdings, Spark Digital Capital, Titans Capital, AU21 Capital, and CryptoDiffer.
Join Crafting.Finance community:
- Website: http://crafting.finance
- Twitter: https://twitter.com/craftingfinance
- Telegram Group: https://t.me/craftingfinanceofficialgroup
- Telegram Channel: https://t.me/craftingfinanceofficial
- Discord: https://discord.gg/89upsrRUNY
- Medium: https://medium.com/@craftingfinance
About Crafting Finance
Crafting Finance is the next-generation Polkadot-based ecosystem of decentralized finance products that comprises swapping, lending, borrowing, and synthetic asset features to create a bonded system and redefine how DeFi works. It uses DOT, KSM, BTC, ETH and the CRF native token issued by the project as collaterals, and synthesizes any cryptocurrency or off-chain assets such as stocks, bonds and gold through smart contracts and oracles. Users can exchange various synthetic assets in Kingsman, a synthetic assets trading platform with the concept of “SDP” (Sharing Debt Pool). Kingsman is characterized by almost unlimited liquidity and zero slip point of trading. The innovation of synthetic assets transactions in Kingsman will make a more flexible and strategic way for users to participate.
About Infinity Capital
Since its first propelling in 2016, Infinity Capital has been specializing in investments in blockchain and distributed ledger technology projects. Infinity Capital has the goal of sharing their expertise with promising projects and advancing the overall level of development and professionalism in cryptocurrency and DeFi space. It intends on guiding clients through the challenges of today’s market and creating the token economy of the future. Infinity Capital is now ambitious to establish an extensive partner network in Vietnam stretching to other countries around the world.
