Vesta has just announced the completion of a small but meticulously planned funding round.
Vesta was developed to address two of the most pressing issues confronting DeFi today: capital efficiency and decentralization by using a decentralized, high LTV/low collateralization ratio yet overcollateralized L2-first stablecoin.
The funds raised via this diversification will be used to onboard existing contributors full-time and assist new contributors for the foreseeable future.
The round’s participants include: Tetranode, DCFGod, Fiskantes, Not3Lau Capital, Sam Kazemian, 0xmons, Wangarian, PopcornKirby, Nick Chong, Calvin Chu, Jae Chung, Anthony Sassano, Eric Conner, Mariano Conti, Shuyao Kong, Feir, etc.
Vesta’s contributors were selective in their choice of partners for this round, focusing on community-first investors with a track record of offering ideas and resources in addition to cash.
To ensure that the platform’s strategic partners’ interests are appropriately aligned, their coins will be vested under the same terms as the contributors’ coins. Furthermore, the round was purposely kept modest at only 6% of the total supply to minimize coin concentration and guarantee that plenty of tokens was left available for future contributions and strategic economic action efforts. Pre-launch partners receive 20–25 percent of the token supply in most DeFi ventures.
Vestal also announced the addition of two angel investors as strategic advisors: DCFGod and Not3Lau Capital. These parties have been critical in launching and driving the development of several of DeFi’s major protocols in versions 1.0 and 2.0. These advisers join 0xMaki, who has been involved in many aspects of Vesta from its inception.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews