Polkadot Tapio Protocol attracted $ 4 million sowing investments

Tapio Protocol on the basis of Polkadot attracted $ 4 million in the sowing round, led by PolyChain Capital, Hypersphere and Arrington Capital.

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Spartan, Longhash, 0xventures, CMS, D1 Ventures, 11-11 DG Partners, Genlock, Valhalla, Paka and Double Peak also participated in the round.

The project developers create a platform of synthetic assets aimed at increasing the efficiency of staining and trading derivatives.

Representatives of Tapio Protocol are convinced that Polkadot derivatives are characterized by fragmentation of liquidity. According to them, the funds raised will be used to solve this problem.

To combine DOT derivatives into a single asset, the developers created TDOT token, available in the Acala Defi Hab.

FORKLOG previously reported that in the third quarter, Polkadot developers introduced 15,433 commits to GitHub.

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