By Tyler - Crypto Broker - 04-11-2021
Cross-chain Decentralised Finance (DeFi) marketplace, Ariadne, has revealed that the project had raised $835,000 in a funding round. The multichain aggregator had joined a fundraising event with companies such as LedgerPrime, Rarestone Capital, Impossible Finance, Incuba Alpha, D1 Ventures, Exnetwork, Supernova, Parsiq, to name a few of the many other investors that participated. Many angel investors jumped on board alongside the businesses that took part in the funding round. Some angel investors that took part were Darren Lau, Santiago Santos, Nick Chong, Fabien Marino, and Sandeep Nailwal; these were only a few names to mention out of the many investors listed.
The Ariadne Project is designed to help lower transaction fees for users to enter and exit farms across many blockchain networks. The project minimizes chain usage costs and helps exchanges, swaps, and bridges. The project has a native crypto market investment, ARDN, which is used in Ariadne's liquidity initiatives to help further reduce costs of transactions across blockchain platforms. Investors can buy crypto token ARDN at the popular cryptocurrency exchange platform, PancakeSwap (CAKE).
Ariadne's current mission is to solve one of the main problems that rarely gets addressed in the DeFi industry. The problem the industry is facing is dealing with excessive fees and the struggle to move around on cross-chain DeFi platforms. The issues also involve assisting in minimising high swapping and bridging fees; this includes all EVM and non-EVM chains. Resolving the costs on both chains helps save both casual and DeFi power user’s time.