Unreal Raises $2.7M from Heavyweight VCs to Revolutionize the $34B DeFi Lending Space
The Unreal Finance team is proud to announce that our funding rounds have successfully concluded. This represents a major step forward for Unreal and our community. Next stop — our IDO!
Unreal Finance is poised to revolutionize the $34B+ DeFi lending space. The gravity of our mission has attracted the attention of a plethora of major industry players; the interest in our Unreal Finance has been quite literally off the charts, with each team member working non-stop to accommodate the many calls, requests and general enquiries from the crypto-sphere and venture capital world.
We have now raised a total of $2.7 million from industry heavyweight VCs and forged a variety of invaluable long-term relationships in the process, which will be the rocket fuel we need to blast Unreal Finance into the stratosphere.
Our Heavyweight Backers
It has been a difficult task to narrow down the partnership and investment requests but we feel now we have settled upon a range of heavy-hitters who truly have our project’s long-term success as their core vision.
It was extremely important to Ishan and the team that when negotiations were taking place, we chose to work with backers and partners who really understand Unreal Finance’s value proposition and will be strong long-term supporters. So you can rest assured that we chose only the best of the best!
Below is the list of our backers:
- AU21
- X21
- Block Sync Ventures
- GBV
- Magnus Capital
- MW Partners
- Spark Digital
- 3Commas
- DeFi Omega
- Black Edge Capital
- OP Crypto
- Triblock
- BlockPact
“Unreal is a unique project with the power to really change the way we think about yield”
-X21
Backed by a strong network of early supporters, we are now ready to pursue our mission with full vigour.
Ushering in the Evolution of DeFi
While details of our IDO have now been finalized and will be made public shortly, we would like to take this time to draw attention to the successes of our Pre-IDO. The Pre-IDO was conducted by the Genesis Shards team and was an overwhelming success with over 176,000 entries!
It is precisely this level of grass roots support that is needed for community projects to grow and thrive. We’re therefore confident that there will be overwhelming support for us during our IDO as interest in the Unreal has only increased since then, and we’re very thankful for the support!
Read more about our Pre-IDO on Genesis Shards here:
The DeFi community needs the Unreal Finance protocol in order for the space to fully mature. Unreal will pave the way for more complex interest rate products, such as interest rate trading, hedging and insurance. Imagine being able to fix your yield on popular DeFi lending platforms then realise that yield instantly — Unreal is bringing this to fruition!
The ability to properly manage your risk is something that has thus far been lacking from the DeFi ecosystem, and it represents an important first step in making the kind of changes that are necessary for us to attract larger financial institutions into the space. In addition, the ability to realise your future interest in the present affords you a powerful advantage and the hypothetical opportunity cost of deploying your capital elsewhere is greatly reduced.
Gain some deeper insights into our game-changing protocol and use cases of Unreal here:
What’s more, the Unreal Finance platform will integrate with the top Ethereum-based lending protocols, including Compound, Aave, Yearn and UniLend. In the near future, we will also be onboarding to Layer 2 and expanding to other popular chains to service the DeFi community outside of Ethereum.
Onward in our Journey to Revolutionize DeFi Lending
With our funding round now closed, we’re now ready to push ahead to fulfil our ambitious roadmap.
The Unreal team has been diligently working to bring you our IDO. We would like to thank all of our community members for their patience over the last month as we worked hard and secured the best partners for our project.
At this stage we have everything confirmed and our date is set. While we can’t communicate the details just yet, we will be releasing all information regarding the IDO to the community shortly. Make sure you’re following us on Twitter and stay tuned to our announcements channel to be sure not to miss an update.
Strap in, it’s going to be one hell of a ride!
The future is Unreal, will you join us?
About Unreal Finance
Unreal Finance is a decentralized protocol that allows users to tokenize the yield generated by popular lending protocols such as Compound, Aave, UniLend etc. By tokenizing their yield, users can lock in their interest rate thus getting a fixed interest rate; using Unreal Finance, a user can instantly sell their unrealised yield, effectively locking their interest rate at a fixed price. Moreover, traders can now speculate on the unrealised yield.
The Unreal Finance team would like to thank all of our early supporters for their interest and support thus far. We’re at the beginning of a long and very exciting journey. Future yield will be tokenized, and together we’re about to usher in this new paradigm in decentralized finance.
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