DeFi
Layer N Launches Liquidity Program for DeFi Apps Backed by Peter Thiel Founders Fund
Layer N Launches Liquidity Program for DeFi Apps Backed by Peter Thiel Founders Fund
Layer N, a layer 2 Ethereum network backed by Founders Fund, the venture capital firm backed by Peter Thiel, has unveiled a new liquidity initiative for applications built on its StateNet architecture. After emerging from stealth mode in September 2023 thanks to a $5 million funding round from the Founders Fund, Layer N aims to bring sustainable and robust liquidity to the DeFi space. The liquidity program focuses on supporting protocols in their early stages of market entry.
Dima Romanov, CEO and co-founder of Layer N, expressed his excitement for the launch, considering it an important moment for the company and the broader DeFi landscape. He said in a press release: “By facilitating transparent access to liquidity and equipping developers with essential resources, we are paving the way for a new era of innovation and growth in the DeFi sector. »
Amber Group, a digital finance company, will be the first participant in the program, contributing $20 million to empower partners within the Layer N ecosystem. This collaboration emphasizes the program’s mission to providing developers with the resources and funding needed to drive innovation and compete with traditional financial institutions.
Layer N’s liquidity program aims to improve the DeFi sector by providing a platform for early-stage protocols to thrive and innovate. With the support of Amber Group’s substantial investment, Layer N hopes to empower developers and drive growth in the decentralized finance space.