DeFi Loan Agreement, Granary Finance, Raises over $5 Million in USDC in Community Driven Fundraising Event

04/01/2023 00:34 • Blockchain Briefs • 86 views

According to reports, the DeFi Loan Agreement, Granary Finance, raised over $5 million in stable currency USDC in a community driven fundraising event. This fundraising is aimed at supporting the development of Granary V2, which was developed with the assistance of Byte Masons Group, which focuses on EVM.

DeFi Loan Agreement Granary Finance completes $5 million financing

Granary Finance, a decentralized finance (DeFi) loan agreement, recently raised over $5 million in stable currency USDC in a community driven fundraising event. The fundraising is aimed at supporting the development of Granary V2, which was developed with the assistance of Byte Masons Group, which focuses on EVM.

What is Granary Finance?

Granary Finance is a decentralized lending protocol that allows users to borrow and lend cryptocurrency without the need for intermediaries or banks. It’s built on the Ethereum blockchain and leverages smart contracts to offer transparent, secure and efficient financial transactions. With Granary Finance, users can borrow or lend crypto assets, earn rewards for liquidity providing, and trade assets securely and transparently.

Granary V2

With the development of Granary V2, the platform aims to improve upon its existing features and offer new ones to its users. Some of the notable features of Granary V2 include:
– Limit orders
– Stop-loss orders
– Margin trading
– Colateralized loans
– Insurance
The new platform’s development is expected to improve Granary’s functionality and adoption among the crypto community.

Byte Masons Group’s Role

Byte Masons Group is a team of blockchain experts who specialize in smart contract development of EVM-based blockchain applications. They have assisted Granary Finance in the development of Granary V2, providing technical advice on development of the new platform.

The Fundraising Event

Granary Finance’s community driven fundraising event was aimed at raising funds to support the development of Granary V2. The fundraising event managed to gather over $5 million in stable currency USDC, indicating strong community support for the DeFi loan agreement platform.

Conclusion

Granary Finance’s successful community driven fundraising event and development of Granary V2 with the assistance of the Byte Masons Group, highlights the growing adoption of DeFi applications in the crypto community. The platform will continue to evolve and provide innovative features to its users as it competes with other leading DeFi protocols in the market.

FAQs

Q1. What is Granary Finance?
A1. Granary Finance is a decentralized lending protocol that allows users to borrow and lend cryptocurrency without intermediaries.
Q2. How does Granary V2 improve upon the existing platform?
A2. Granary V2 includes notable features such as limit orders, stop-loss orders, margin trading, colateralized loans and insurance.
Q3. Who developed Granary V2?
A3. Granary V2 was developed with the assistance of Byte Masons Group, a team of blockchain experts who specialize in smart contract development of EVM-based blockchain applications.

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