Renowned DeFi [Decentralized Finance] aggregator Bella Protocol has recently announced that it has raised $4 Mln within a funding round led by Arrington XRP Capital.
In line with an official press-release, investors in Bella’s funding round also emody Alphabit, Consensus Labs, Force Partners and CGS Dubai, among with several others.
Marketed as a one-stop marketplace for DeFi assets, the firm’s asset management platform is presently under development phase.
The firm added that its platform aims to fix the complex user experience issues associated with the DeFi assets, like the necessity to hop among different protocols & platforms in pursuit of high yields.
While explaining further, Michael Arrington, founding partner of Arrington XRP Capital, added that:
“What Bella is aiming to solve with 1click and flex saving are the three leading barriers to achieving DeFi or cryptocurrency mass adoption – high gas fees, complex user journey as well as poor user experience.”