Curvance defi ‘everything app’ goes live following a $3.6m seed round

After securing a $3.6 million seed funding round, Curvance, a decentralized finance (defi) platform, has surfaced from stealth mode.

Positioned as the “everything app” for decentralized finance, lending, and borrowing, Curvance seeks to tackle fragmentation challenges across various chains and protocols.

Curvance to tackle defi fragmentation

The seed round, conducted on Dec. 5, garnered support from over 20 decentralized autonomous organizations (DAOs) and prominent developers.

Noteworthy contributors from over 20 decentralized autonomous organizations and prominent developers. Among the backers were Offchain Labs, the developer of Arbitrum, cross-chain messaging platform Wormhole, and angel investors, including Sandeep Nailwal, Polygon co-founder.

Noteworthy contributors from various crypto projects — Scroll, Mantle, Eigenlayer, GMX, Curve Finance, Convex Finance, Balancer, Aura Finance, and Pendle Finance, along with DAOs like Frax Finance — participated in the funding.

Described as a defi “everything app” for lending and borrowing, Curvance aims to tackle fragmentation issues across chains and protocols.

The app, which is currently supporting Ethereum and Layer 2s like Arbitrum, Optimism, Scroll, Base, and Polygon zkEVM, Curvance taps into liquidity from decentralized exchanges like Curve, Balancer, Velodrome, GMX, and Pendle to enhance cross-chain capital efficiency. Polygon co-founder, Sandeep Nailwal highlighted Curvance’s potential to simplify Polygon DeFi participation, potentially streamlining onboarding processes.

Curvance has also revealed its plans to use the acquired funds for expanding operations, conducting security audits, and recruiting top talent in the defi market.

Co-founder Chris Carapola further stated that; With this funding round, Curvance will be able to expand on its value proposition of bringing forward a more approachable money market experience for both DeFi newcomers and experienced yield farmers and traders alike.

Co-founder; Michael Butcher highlighted the strategic approach in seeking funding, stating that; when they begin to seek funding, they had chosen to talk to their partners first, instead of just going to venture capital firms.

He further emphasized that this method resulted in a group of investors genuinely invested in Curvance’s long-term su

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Author: Ogwu Osaemezu Emmanuel

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