The move continues the large effort to build out the metaverse and increase BNB Chain’s mainstream reach.
BNB Growth Fund Investment
BNB Chain, one of the most used decentralized and censorship-resistant blockchains, has officially completed its investment in Treehouse, a platform that delivers data, analytics, and risk management solutions for Decentralized Finance (DeFi) users.
The exciting move was confirmed via an exclusive press release obtained by BSC News on March 15. The investment figure remains unconfirmed but it does indeed come from the BNB Chain Growth Fund, designed to invigorate exciting new projects. The investment is also a part of Treehouse’s $18 million seed round raise, which was led by an undisclosed and esteemed FinTech investor alongside 10 other strategic investors which include the likes of Lightspeed Venture Partners, and MassMutual Ventures.
“We help users take seamless control of their DeFi positions. By lowering the barriers to DeFi and helping users make the best financial decisions, Treehouse bridges the gap between traditional finance and DeFi. We are very optimistic about the possibilities in the DeFi space, but we cannot do it alone. We need to partner with stronger infrastructure and the wider DeFi community to build a growing ecosystem, and BNB Chain is a perfect choice,” CoFounder of Treehouse Brandon Goh, explained.
The analytics platform developed by Treehouse is aiming to make aspects of DeFi more seamless. When it comes to the farms, pools, and vaults involved in DeFi, chronicling transactions throughout several interfaces can be a difficult task, making onboarding for prospective users more difficult. Treehouse aims to remedy this by deconstructing portfolios to provide detailed information and historical views, culminating in an impressive level of sophistication in DeFi portfolio visualization and helping users make informed decisions.
Treehouse has underlined the fact that through the ‘Harvest’ platform even legacy financial entities can enjoy the seamless route into DeFi and track metrics they clearly understand, like in breakdown of profit and loss, or benchmarking their performance against the S&P 500.
“At BNB Chain, we also share Treehouse’s belief in financial inclusion. Our growth fund is set up to help usher in the next wave of cryptocurrency users and we believe Treehouse will bring us closer to this goal. We encourage all DeFi users associated with the BNB Chain ecosystem to start taking charge of their financial future with Harvest by Treehouse,” said Clinton Teh, of BNB Chain Growth Fund.
There is an understanding that this strategic funding will see the Treehouse team continue its march toward establishing features intrinsic to enhancing user experience. The notion of accessibility and inclusion is at the forefront with Harvest free to use on BNB Chain, highlighting Treehouse’s determination to work toward financial inclusion.
With BNB Chain being one of the largest and most accessible blockchains with its focus on DeFi is led by its determination to have a positive impact on the space. BNB Chain recently launched DeFi league solidifying an attempt to bring together visionary teams and projects to tackle the most significant challenges and opportunities and lay the groundwork for the future of decentralized finance. BNB Chain intends to work closely with Treehouse to cover more projects on Harvest, helping it become the go-to DeFi analytics platform for BNB Chain.
What is Treehouse?
Treehouse explains itself as having been born on the cusp of the DeFi revolution and built upon the vision to help users confidently navigate DeFi. The company states it is building the infrastructure required to bridge the next wave of DeFi investors. Its platform analyzes blockchain data to make data meaningful. Treehouse strives to make the complex simple and bring about financial understanding through curated information, portfolio analytics, in-house metrics, and innovative tools designed to make DeFi easy.
Where to find Treehouse:
What is BNB Chain?
BNB Chain is a community-driven, decentralized and censorship-resistant blockchain, powered by BNB. It consists of BNB Beacon Chain and BNB Smart Chain (BSC), which is EVM-compatible and facilitates a multi-chain ecosystem. Through the concept of MetaFi, BNB Chain aims to build the infrastructure to power the world’s parallel virtual ecosystem.
Where to find BNB Chain
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.
BSC NEWS is a private news network. All posts posted by this user belong 100% to bsc.news All rights are reserved to BSC NEWS for more information about BSC NEWS contact BSC NEWS HERE.
