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Cedro Finance Raises $1.5M to Build an Omnichain Liquidity Platform

Cedro Finance is delighted to announce that they have raised $1.5 million in a pre-seed fundraising round led by Shima Capital. Cedro is an Omnichain Liquidity Platform that lets users lend and borrow across chains seamlessly. Infinity Ventures Crypto (IVC), Mask Network, and Sam Thapaliya also participated in the round.

The funds will be used to grow the team and scale development of Cedro’s platform.

Cedro’s vision is to provide a seamless user experience for this cross-chain process without compromising on security. For the same action that took ~50 clicks, a user can now do it in ~5 clicks. Cedro is starting out as an omnichain lending and borrowing protocol, but eventually aim to become an omnichain financial hub, and currently have new products in development.

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