Don-Key raises $ 2.2 million in private funding for a social-yield farming platform


Don-key.finance, a DeFi revenue farming aggregator, recently announced the completion of its first private financing, raising a total of $ 2.2 million from renowned venture capital firms. Investors such as Genesis Block, MarketAcross, Black Edge Capital, AU21, Spark Digital, Solidity Ventures, MoonWhale and Morningstar Ventures participated in the funding round.

The money will be used to develop an eToro-like social platform that brings together liquidity providers and farmers. By doing this, Don-Key connects investors around the world to make the experience of trading and investing in DeFi less opaque and more inclusive.

This ‘one-stop-shop’ connects investors, DeFi enthusiasts and farmers to communicate, track and exchange ideas after joining Don-Key. Their mission is to make DeFi investments more accessible to anyone, anywhere, while reducing reliance on traditional yield framing platforms.

Don-key provides easy access to top-notch Defi trading strategies by following experienced farmers and traders and copying their strategy in exchange for a small management fee. This concept is especially beneficial for less experienced or low-capital investors looking to enter the DeFi world or DeFi Farmers looking to up their game.

The Don-key platform offers a mix of features including “Copy Farming”, an auto-investing tool to subscribe to farming opportunities by following top farmers and scrolling through the platform’s leaderboard. The list of services also includes investment pooling and drag-and-drop strategy building.

They will be able to access yield farming opportunities by pooling their cryptocurrencies for liquidity. The service essentially boils down to users putting their parked assets in a DeFi market and earning interest on those deposits.

In addition, the platform deploys its own token to power the Don-key Finance ecosystem. It is called ‘DON Token’ and will be broadcast to all farmers based on monthly trading results, ROI, risk level, asset exposure and more.

Don-Key to integrate token with BSC

DON tokens represent the farmer’s yield based on his own strategies, in addition to a proportional monthly dividend from Don-key’s total monthly yield.

Don-key’s upcoming integration with the Binance Smart Chain will also be a huge milestone that will allow token holders to redeem or cash out at any time.

Commenting on the news, Gil Shpirman, Don-Key co-founder and CEO said: “We are very excited to see our vision come to life. I think what’s so special about our project is that everyone working on it will also become a future user as soon as we launch. You don’t see that with every project, and I think it says a lot about what we’re trying to build here. “

Said Leslie T, GBV co-founder and partner also added: “We are delighted to partner with Don-Key to bring social commerce to DeFi. The growth of the DeFI industry has been breathtaking, but the experience is still difficult for many new users. Don-Key addresses this with customizable strategies and copy farming makes decision-making easier for the casual user. We are looking forward to developing the product and expanding the feature set with them. “

More than $ 63 billion is tied to DeFi protocols at a time of heightened uncertainty in the global economy. While lending, payment and derivatives platforms have a large market share, interest-bearing accounts remain one of the main drivers for the adoption of DeFi products.

About Cryptoplatforming.com

Cryptoplatforming.com is a news websites which gets news around the globe on investing in Crypto. Our news has no backgroundcheck.

Leave a Comment