TechFlow news — Cross-chain infrastructure protocol LI.FI has raised $5.5 million in funding, led by 1kx, with participation from Dragonfly Capital, Lattice Capital, Scalar Capital, 6th Man Ventures, Coinbase Ventures, BairesDAO, and AngelDAO. The new funds will be used to expand the LI.FI ecosystem through marketing and support for additional blockchains.
LI.FI offers a software development kit (SDK) that aggregates bridges and DEXs across 14 different blockchains. The SDK provides smart routing to identify the safest and cheapest paths for trades and multi-asset swaps.
Philipp Zentner, founder and CEO of LI.FI, said the company's near-term goals include expanding to more Layer 1 blockchains. The team also plans to launch a new widget product offering a simplified user interface for developers, enabling users to seamlessly switch to selected DEX applications, smart contracts, or assets from anywhere. (CoinDesk)
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