Thursday , August 11 2022

Ante.xyz buyer revealed

Ante.xyz

At the end of 2021 Swetha sold Ante.xyz for $19,888. The domain name now points to Beacons.ai. The buyer was Ante Finance. They are in the DeFi space, no surprise.

Ante creates legitimacy in decentralized finance by tokenizing trust.

Decentralized finance is growing rapidly. The Total Value Locked (TVL) has increased over 100x since early 2020 to over $200B of capital deposited on-chain in complex smart contract systems.

But it’s hard for new users to know which protocols to trust. And it’s hard for protocols to know which services to trust. Even audited protocols (e.g. Harvest, Compounder, Cover, Cheese Bank – page 10) have suffered substantial exploit losses.

There is substantial new capital waiting to enter DeFi once greater clarity emerges.

The post Ante.xyz buyer revealed appeared first on TLD Investors.

About Raymond Hackney

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