On March 1, the startup General Protocols announced the company has raised $3 million in a Series A financing round led by a number of strategic investors. General Protocols is the firm behind the Anyhedge protocol, the first decentralized finance (defi) project built on the Bitcoin Cash network.

‘The Untapped Power Behind the Concept of Programmable Money’

The company General Protocols has revealed on Monday the startup has completed a Series A financing round that was funded by a number of investors. News.Bitcoin.com has reported on General Protocols on a number of occasions, as the startup believes “smart contracts on programmable money are the foundation of a multi-trillion dollar shift toward non-custodial and trustless networks.”

At the end of December, General Protocols alongside the Detoken decentralized exchange (dex) launched the Anyhedge protocol into the wild.

Defi on Bitcoin Cash Gets a Boost- Smart Money Startup General Protocols Raises $3 Million from Investors

Being the first public defi protocol built on top of the

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Source: https://news.bitcoin.com/defi-bitcoin-cash-smart-money-startup-general-protocols-3-million-investors/