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Stepn x Adidas Genesis Sneakers: A New Era in Fitness

The Stepn x Adidas Genesis Sneakers Collection: A Revolutionary Partnership The fusion of the digital and physical worlds is more than a trend; it is a burgeoning reality. The recent collaboration between Stepn and Adidas exemplifies this transformative shift. With the launch of the Genesis Sneakers collection, both companies are poised to redefine the boundaries of fitness, fashion, and technology in lifestyle rewards. This partnership is not only groundbreaking but also sets the stage for future innovations in the ever-evolving landscape of fitness applications and digital assets. A New Era of Phygital Experiences Stepn, a pioneering move-to-earn FitTech app, has taken a bold leap by teaming up with a global powerhouse like Adidas. This collaboration signifies a pivotal moment in the fitness and lifestyle sector, as highlighted by Stepn CEO Shiti Manghani: Phygital Partnership : The merging of physical and digital assets marks a new direction for lifestyle rewards. Enhanced...
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Produced by Daniel Aharonoff & Mogul Media AI

QuantAMM Secures $185M for DeFi Innovations

QuantAMM Secures $185 Million in Pre-Seed Funding: A New Era in DeFi Asset Management

In a significant stride towards revolutionizing decentralized finance (DeFi), QuantAMM, an innovative on-chain asset management infrastructure provider, has successfully closed a substantial $185 million pre-seed funding round. This achievement not only underscores the growing interest in DeFi solutions but also highlights the confidence investors have in QuantAMM's vision and capabilities.

Key Investors and Strategic Partnerships

The funding round saw participation from prominent investors, including:

  • 8VC
  • Mako
  • Marshland Capital
  • 369 Capital

Additionally, influential figures from both traditional finance (TradFi) and decentralized finance have joined the initiative, enhancing the credibility and reach of QuantAMM. Their recent completion of the Longhash and Hypernest accelerator programs has further solidified their standing in the industry, with Chainlink also becoming a notable member of their capital table through the BUILD program.

Innovations in Asset Management

At the core of QuantAMM's offerings are groundbreaking advancements in Automated Market Maker (AMM) execution management. These innovations are set to:

  • Reduce Slippage: Enhancing transaction efficiency.
  • Lower Overhead Costs for Rebalancing: Making it easier to manage asset portfolios.

Such improvements promise to elevate the efficiency of QuantAMM's products, potentially surpassing even centralized exchange (CEX) alternatives.

Product Range

QuantAMM is introducing a pioneering category within DeFi known as Blockchain Traded Funds (BTFs). These offerings cater primarily to:

  • Native DeFi Users: Available in permitted regions.
  • Family Office Portfolios: Providing tailored asset management solutions.
  • Institutional Asset Reference Tokens: Enabling sophisticated strategies for larger entities.

This new execution mechanism is positioned to deliver significant value in asset management, unlocking composable on-chain multi-strategy solutions that run TradFi quantitative strategies at Layer 1 gas costs.

Future Prospects

As QuantAMM gears up for the launch of its Version 1 on the Ethereum mainnet and Layer 2 solutions in the second quarter, anticipation builds around forthcoming announcements regarding launch partners. The company’s trajectory doesn’t end there; plans for 2024 and into 2025 include the development of cross-chain solutions and an expanded suite of infrastructure tailored specifically for institutional clients.

The landscape of decentralized finance is evolving rapidly, and with QuantAMM's innovative approach, it is clear that they are poised to play a pivotal role in shaping its future. Stay tuned for further updates as QuantAMM continues to lead the charge in redefining asset management within the DeFi space.

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