Shima Capital Participated in Open-Source DeFi Protocol GOGO $2M Fundraising

Shima Capital Participated in GOGO Protocol $2M Fundraising

GOGO Protocol, an open-source DeFi protocol for asset management and savings, today announced a new $2 million fundraising with participation from global venture firms and cryptocurrency exchanges including Shima Capital, Digistrats, and MEXC Pioneer.

“Our goal is to offer a frictionless user experience for customers to earn high yields, take control of their savings, and break free from the constraints of centralized finance,” said Garry Krugljakow, founder of GOGO Protocol. “With this new round of funding, we can help recruit the next million users to DeFi and bring mainstream adoption closer to reality.”

GOGO Protocol is building the world’s first non-custodial decentralized asset manager with partitioned funds on-chain. They offer security through NFT smartVaults, near gas-less transactions, and keyless non-custodial wallets for users to create a robust, DeFi ecosystem.

“We recognize and support the important work that GOGO Protocol is doing to empower everyday users, and especially younger generations building wealth from the ground level, to take control of their finances,” said Yida Gao, General Partner of Shima Capital. “People shouldn’t have to read the Satoshi white paper or be a blockchain expert to access revolutionary financial products. GOGO Protocol’s user-friendly technology helps make the process simple for everyone from new crypto investors to old pros, removing barriers to entry from the world of DeFi.”

Katherine Deng, VP of MEXC Global and the founder of MEXC Pioneer, said of the investment, “With a focused and motivated team, GOGO Protocol is able to provide people with a state-of-the-art DeFi experience and continue to expand with sophisticated asset management solutions. We are happy to work closely with great talents like the team and build the DeFi infrastructure together for more people in the world.”

GOGO Protocol, founded in 2021, has welcomed thousands of individuals from around the world to manage their assets and savings on-chain.

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