Composable Finance Raises $32 Million in Series A

Composable Finance raises $7M for cross-chain and cross-layer DeFi interoperability

The complete infrastructure for cross-chain smart contracts, applications, and modular functionality. The Cross-Chain Virtual Machine functions as a&nbsp;system of cross-chain smart contracts with a single, developer-friendly interface designed to usher in applications that can interact with the chains connected to our ecosystem.Composable focuses on a cross-chain, cross-layer liquidity layer for sharded applications. Composable takes this notion a step further by realizing that there is a sharding of functionality between each ecosystem; for instance, most ecosystems have their lending protocols. Our vision is thus to abstract away inter-ecosystem decision-making. It maximizes users’ and developers’ outcomes based on their unique goals. We are creating a communication protocol to accomplish this function, utilizing our parachain as a finality layer. The protocol will connect L2s to the Polkadot and Kusama ecosystems and the Cosmos Ecosystem through the Inter-Blockchain Communication protocol (IBC) to the Polkadot and Kusama ecosystems. We will then include other ecosystems, such as Algorand, Solana, and more.

Composable Finance

Liquidity infrastructure for DeFi assets powered by Layer 2 Ethereum and Polkadot

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In late 2021, the highly anticipated parachain auction process began on the Polkadot network. During a series of candle auctions, projects competed fiercely for the limited slots to become parachains on this next-generation blockchain.  Winning a parachain slot provided projects with a valuable opportunity to leverage Polkadot’s interoperability and shared security. However, the substantial costs ... Read more

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