Funding will also go toward external communication campaigns and to build out Chainflip’s products and team.
Framework Ventures and ParaFi Capital are leading the round in a bid to see if DeFi options trading can finally click.
The project looks to help token investors keep track of governance discussions across multiple blockchains.
ParaFi Capital, an investment firm focused on blockchain and DeFi, has invested in Kyber Network and will work with the project on adoption and governance.