Don-key, one of the promising DeFi (decentralized finance) platforms, has raised new capital to expand its product range. It was announced that Don-Key has completed a $ 2.2 million startup round led by Black Edge Capital, AU21. Genesis Block Ventures, Spark Digital, MarketAcross, Solidity Ventures, MoonWhale, and Morningstar Ventures.
According to a statement, Don-Key, which operates a defi-yield farming platform, plans to provide the funds for staffing and new product launches in 2021.
The company just announced that it will host its IDO on the SuperStarter Launchpad on May 11th.
Yield farming logs are one of the newest additions to decentralized finance apps. Although these defi platforms work very differently than centralized platforms, their benefit depends on what assets are being loaned out. These offers rely primarily on a decentralized network of lenders and borrowers who use smart contracts to arrange collateral and payment terms.
Don-Key is the first Defi platform that connects high yield farmers with liquidity providers. The aim is to become the eToro of profitable agriculture by solving the weaknesses of this industry, which offer users a high barrier to entry, high costs and high risk.
Don-Key provides a social platform that provides an inexpensive and smooth way for beginners to pool their liquidity by copying the strategies of experienced traders. Copying portfolios of experienced high yield farmers can also be a teaching tool for people who want to learn how to spread their crypto assets over different projects themselves.
In short, the service allows investors to copy the yield framing deals in automatic or manual mode. For Masters, Don-key.finance is an opportunity to make money through growing subscriber base and profit from their copied Defi deals.
Dealers welcome “DeFi” and “Yield Farming”
The concept of liquidity farming includes both investors and speculators who provide liquidity to the platform that offers credit and credit services. In return, the yield farming platforms pay high interest rates as passive income for your crypto holdings.
Gil Shpirman, Co-Founder and CEO of Don-Key, said: “We are very excited that our vision is coming to life. I think what’s special about our project is that everyone who works on it will also be a future user once it starts. You don’t see that in every project, and I think it says a lot about what we want to build here. “
“We are excited to be working with Don-Key to bring DeFi closer to social trading. The growth of the DeFI industry has been staggering, but the experience is still difficult for many new users. Don-Key addresses this problem with customizable strategies, and “Copy Farming” makes it easier for the normal user to make decisions. We look forward to developing the product and adding functionality. “ said Leslie T, GBV co-founder and partner
The main feature of Don-Key is Copy Farming, an auto-invest tool that allows you to subscribe to farming opportunities by following top farmers and browsing the platform’s leaderboard.
In addition, other services are helpful to traders: Strategy Builder, Farmer’s Reputation Based on Proven APY Results and Historical Track Record, and Uncustody Pools.