Single Finance raises $ 1.2 million to build the first agricultural database and platform
Single Finance has raised $ 1.2 million from well-known crypto investment angels and funds, including 0xVentures, Enzac Investigation, Genblock Money, Trinity Undertaking Funds, SkyVision Money, and several industry angels. Contango Electronic Belongings and Aventures will also join as strategic partners to strengthen connectivity to the DeFi room.
Single Finance provides DeFi with an easy-to-use experience and capital protection so people can make money more safely. The main goal of both new and seasoned farmers is to get high yields without suffering too many temporary losses or getting liquidated in a flash. Individual users can easily provision assets and enjoy a pseudo-market neutral liquid mining experience with one click.
Solitary Finance borrows digital assets from its pool of credit and sends them along with the margin to decentralized exchanges such as TraderJoe, Pangolin and VVS.finance. The profits made with this platform are automatically topped up by individual finance bots. The selected liquidity pair’s non-stablecoin assets are fully insured by the borrowed assets at the top of the position. Thus the effect of impermanent loss is minimized. The rebalancing of the liquidity pool assets is done by automated bots.
The best thing about single finance is that it calculates the APY and implements a stop-loss mechanism that is valued at its original value in USD. Users of the single finance strategy will lose no more than 15% of their capital in USD. The capital is protected by a stop-loss bot and a rebalancing bot, so users can sleep well after observing the market situation and manually adjusting positions.
From a practical point of view, single finance allows users to keep their funds with their preferred chain while getting profits from other chains. While One Finance will only support Avalanche and Cronos during its initial launch in January, the paperwork says it may eventually support more EVM-compatible chains.
Another important product from Solitary Finance is Time Machine – the first and revolutionary liquidity mining database in the DiFi world. This feature provides real payback performance data, including transaction fees, DEX income and price impact, to help farmers make the best decisions. Time Equipment also allows users to compare the difference in performance between farming in a liquid pair and farming volatile assets in the same liquid pair.
“The one-click implementation of the risk-driven lever-based profit farming strategies of Solitary Finance in an emerging ecosystem with cross-chain ambitions is undeniable. A solid team, interesting and useful products, and a new ecosystem made the decision easy for us, ”says 0xairtx, partner of 0xVentures.