New challenger emerges in NEAR’s DeFi space: Jumbo raises $3.5 million for its decentralized exchange.
The round was led by Pantera and Huobi Incubator, with participation from DWEB3, D21 Ventures, Metaweb Ventures, Fundamental Labs, Proximity, and Genblock Capital. According to FinSME, Jumbo is an AMM-powered decentralized exchange based on the NEAR Protocol that offers a cheap way for anyone to trade. Jumbo Exchange also employs HAPI, a novel security system …