DeFi platform Curvance announced on Twitter that it has received funding from the Wormhole Foundation. The grant will be used to support a $375,000 public audit competition. In addition, the team will collaborate with the Wormhole Foundation to open source a new multi-chain solution developed by Curvance.

Remote DeFi platform provider, Curvance, has secured $3.6 million in Seed funding from investors including Offchain Labs, Wormhole, Sandeep Nailwal, and core contributors from various DeFi projects. The funds will be used to expand operations, hire talent, and support security audits. Curvance, co-founded by Chris Carapola and Michael Butcher, offers a "everything app" for lending and borrowing, currently supporting Ethereum and Layer 2s such as Arbitrum, Optimism, Scroll, Base, and Polygon zkEVM.