Lnfi Network closed a pre-seed round to reconstruct DeFi on the Bitcoin Lightning Network.
Summary
Driven by a vision to unlock the transformative potential of Taproot Assets and advance the future of DeFi on the Bitcoin Lightning Network, Lnfi Network (formerly NostrAssets) has successfully completed a pre-seed funding round. The round attracted participation from prominent investors in the Bitcoin and Lightning ecosystem, including HashKey Capital, UTXO Management, CMS Holdings, Waterdrip Capital, Wolfs Clothing, and others.The funds raised earlier this year have since empowered Lnfi to achieve significant milestones, elevating the Lightning Network from a global instant payment-only protocol to a comprehensive financial ecosystem.Notable developments include LN Exchange, the first orderbook exchange on Lightning and Bitcoin, serving as the liquidity layer for Taproot Assets; LN Starter, a launchpad and launchpool for Taproot Assets; and innovative LightningFi solutions like Channel Mining, among others.What Lnfi has accomplished so farSince the soft launch of Lnfi Network (formerly Nostr Assets) in October 2023, the journey has been nothing short of extraordinary. More than 350,000 users have joined the Lightning Network and Lnfi, while Lnfi has also become the largest Lightning channel partner for both Binance and OKX, securing the 11th largest Lightning node globally.In 2023, Lnfi executed its largest airdrop campaign, distributing $TREAT, $TRICK, and $NOSTR tokens, with a combined value exceeding $20,000 per airdrop. Additionally, the platform launched the largest peer-to-peer marketplace for Taproot Assets, facilitating nearly 2,000 BTC in trades to date. The LN Exchange, which was soft-launched, has also seen a daily trading volume of $10 million in USDT-margined perpetual contracts.