Idle, an on-chain credit and income platform, completes a $1.1 million strategic round of financing, led by RockawayX

Odaily News Idle, an on-chain credit and yield platform, announced the completion of a $1.1 million strategic round of financing, led by investment company RockawayX and participated by Fasanara Digital. As of now, Idles total financing has reached $2.4 million. The company plans to use the funds to further develop on-chain credit infrastructure, etc. According to reports, Idle is a decentralized autonomous organization (DAO) that provides yield automation and hedging tools for the decentralized finance (DeFi) market. The platform has accumulated $300 million in liquidity and a trading volume of more than $2 billion. Idle previously raised $1.2 million in a seed round of financing led by Gumi Cryptos Capital in November 2020. (Theblock)