Sei Launches $50M Ecosystem and Liquidity Fund to Unlock a New Era for DeFi
Sei, the first Layer 1 designed for trading, announced a $50M Sei Ecosystem and Liquidity Fund to support the development of new apps on Sei and help teams bootstrap liquidity going into mainnet launch. The fund serves to rapidly accelerate the institutional adoption of decentralized finance. The Sei #DisruptDeFi Fund
Sei has partnered with KYVE to enable data feed and storage solutions
Sei, the fastest DeFi Layer 1 and fastest chain to finality, is partnering with KYVE, a decentralized data lake solution that enables anyone to upload and or access validated and permanently stored data in a streamlined manner. TL;DR Like other ultra-fast chains, Sei will produce a lot of on-chain
General-Purpose vs App-Specific L1s: Sei is in the middle.
In the beginning, Vitalik created Ethereum. Ethereum expanded upon Bitcoin’s revolutionary distributed ledger by enabling smart contracts to be written and executed directly on-chain. This allowed users to have structured interactions, either with one another or with other smart contracts, and allowed for reliable, deterministic behavior. Crypto Twitter, though
Sei Raises $5M Led by Multicoin Capital to Build The First Layer 1 Blockchain Optimized for DeFi
Sei’s Built-in Order Matching Engine Makes It Possible for Apps to Instantly Spin Up Any Orderbook Market Sei, the first layer 1 blockchain optimized for DeFi, today announced a $5 million funding round led by Multicoin Capital with participation from Coinbase Ventures, Delphi Digital, Hudson River Trading, GSR, Hypersphere,
Sei has partnered with Axelar Network to enable cross-chain messaging for DeFi on Cosmos
Sei, the fastest Layer 1 optimized for DeFi, is partnering with Axelar to enable cross-chain messaging between DeFi on Cosmos and EVM chains. Axelar is the premier cross-chain infrastructure provider, and this partnership will open up novel possibilities for bridging, messaging, and execution across chains, programming languages, and virtual machines.