TechFlow News — Quasar, a Cosmos-based DeFi protocol, has raised $5.4 million at a $70 million valuation. The round was led by Shima Capital, with participation from Polychain Capital, Blockchain Capital, HASH Capital, CIB, and Sunny Aggarwal, co-founder of Osmosis. The new funds will be used for product development and team expansion.
According to the announcement, the protocol enables users to create and join vaults—standalone asset containers capable of connecting tokens and interchain data transmission. Quasar aims to offer structured investment products for DeFi, starting with an auto-rebalancing index for the Cosmos ecosystem that supports asset stripping. After several months of private testing, Quasar will launch its public testnet on February 10.Read more
