Sense Finance recently announced its seed funding round and detailed plans for the next generation of DeFi infrastructure, dubbed Sense V1. The firm has a lot of experience in this field. For a long time, they’ve been experimenting with smart contract primitives.
Along with Nascent, Bain Capital Ventures, Robot Ventures, Variant, theLAO, and others, Dragonfly led Sense Finance to raise money. Steven Becker, President and COO of Maker Foundation; Dillon Chen, CEO and Co-Founder of Commonwealth Labs; Kurt Barry, Core Protocol Engineer at Maker DOA; Tom Walton Pocock, Ex-CEO & Co-Founder of Aztec and Research Partner at Fabric Ventures; Ben Myers, Systematic Commodity Trader at Arrow Resources; and Investor and Ex-Head of DevOps at Sense
As a result of a side project known as Split, Sense Finance was founded in 2020. With the help of Dai Saving Rate, customers could secure their interest rate in their Maker Vaults. With Sense Finance, the mechanism has evolved through time. The core value proportion, on the other hand, remains unchanged. Furthermore, Sense Finance provides a risk management dimension based on self-direction with fixed rates and yield training.
The seed capital will be used to design a new, more fair financial system that encourages self-sovereignty. The yield-bearing assets in DeFi are currently one-dimensional. Furthermore, the method stipulates that yields will be accrued at a variable rate, and real-time cash flow would be sent. Sense, on the other hand, will take a completely different approach. It will give yield assets a temporal dimension, allowing consumers to choose a position based on their risk tolerance. In addition, they will offer information concerning research/analysis and value percentage for substantial income in DeFi while creating Sense V1.