Zerion Receives $2 Million Investment To Build Out Its Decentralized Finance (DeFi) App

Zerion is a decentralized finances startup that has successfully received $2 million in investments from venture capital firms, including Placeholder, Ventures, Gnosis, and Blockhcain.com, according to a recent report by CoinDesk.

The company’s CEO, Evgeny Yurtaev shared with CoinDesk that Zerion will use the funds raised primarily to support new protocols, and that the company supports MakerDAO, Compound, Uniswap, and others. He further shared that user feedback is what leads to protocol integration.

Brad Burnham, a venture partner at Placeholder, also shared in a statement that Zerion provides an infrastructure that is more accessible for decentralized finance, which may enable it to reach the mainstream. He also stated that decentralized finance

“feels just as profoundly transformative today as the Internet did then, but it is still too hard to use.”

Samuel Harrison, managing partner at Blockchain.com Ventures, also shared that decentralized finance certainly could deliver for use cases that are not served well by the traditional financial infrastructures.

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