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Title: Intent-Centric DeFi Protocol Shogun Secures $6.9 Million Seed Funding
Shogun, developed by the Intensity Labs team, announced the completion of a $6.9 million seed funding round with a valuation of $69 million. The funding round was led by Polychain Capital and DAO5, with participation from Arrington Capital, Arthur Hayes’ family office Maelstrom and Build-a-Bera, as well as angel investors Cobie, Ansem, Ser Shokunin, and Meltem Demirors.
The Shogun protocol will be released in stages, starting with the on-chain routing tool in the second quarter of this year. The protocol will also have its own token, GUN. Shogun is also building multiple interfaces for the Berachain, Cosmos ecosystem, and Intensity Labs’ cross-chain Telegram trading bot, Shogun Oakmont. This will enable traders to trade “any asset on any chain” using any token.
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Tags:
Arrington Capital
Arthur Hayes
DAO5
Polychain Capital
Shogun
Funding
Source link:
https://www.theblock.co/post/294700/intent-centric-defi-protocol-shogun-fundin…
Note: The views expressed in this Bitpush article represent the author’s opinion and do not constitute investment advice.
Original article link:
https://www.bitpush.news/articles/6730847
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