DeFi protocol Spicenet completes $3.4 million seed round financing, led by Hack VC and others

ChainCatcher news, according to official sources, the DeFi protocol Spicenet has announced the completion of a $3.4 million seed round financing, led by Hack VC and Magnus Capital, with participation from TPC Ventures, Public Works, WAGMI Ventures, DoraHacks, P-OPS Team, The Rollup Ventures, and several angel investors.

It is reported that Spicenet is a unified, composable liquidity layer, with its underlying technology being Celestia. The protocol integrates solutions and market makers into a single network and allows for two forms of liquidity from other chains without the need to bridge assets to Spicenet, while its unified margin system enhances capital efficiency. Spicenet is set to launch its private testnet, with final bug fixes currently underway.