According to Digital Journal, Arbitrum ecosystem DeFi derivatives lending platform ParaFinance announced the completion of a $5 million seed round of financing, led by OKX Ventures, with participation from Kosmos Ventures, Uniswap Labs and Gate Labs.
It is reported that ParaFinance is a decentralized lending platform built on the Arbitrum chain, which mainly provides users with cost-effective lending solutions and helps users lock pledged assets in smart contracts without interference from third parties.
