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"Defi.app Raises $4M, Launches 'SuperApp' to Challenge Centralized Exchanges"

Coin WorldFriday, Feb 14, 2025 8:15 am ET

1min read

Defi.app, a decentralized finance (DeFi) platform, has completed a $4 million funding round and launched its 'SuperApp' as an alternative to centralized exchanges. The beta version of the all-in-one decentralized application went live on Thursday, following the successful funding round that included participation from DCF Capital Partners, Balaji Srinivasan, and Pentoshi, with Mechanism Capital being a major investor.

The latest funding round brings Defi.app's total financing to $6 million, following a $2 million seed funding round last year. The platform aims to provide a user-friendly alternative to traditional centralized exchanges, offering a range of decentralized services through its SuperApp.

The beta launch of Defi.app allows users to access the DeFi world in a simple and intuitive way. The mobile and web application, including an iPhone version, enables users to buy ETH with fiat currencies, swap tokens, and swap EVM to Solana with no gas fees. The application is built by a team of 25 developers from Lyft and Robinhood, and incorporates components of Artificial Intelligence (AI). Users can access an AI Agent named Jarvis, which helps manage their crypto portfolio and find the best prices for buying and selling cryptocurrencies.

The success of Defi.app is still uncertain, as it seeks to challenge established centralized exchanges such as Coinbase and Binance. However, its focus on simplifying decentralized services may appeal to users looking for a more accessible and user-friendly DeFi experience.

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OneTrickPony_82

02/14

$LYFT

Guy_PCS

$LYFT LYFT CEO: 'We just had our best performance ever'

that_is_curious

$LYFT this is a hidden treasure

Bothurin

@that_is_curious How long you holding $LYFT? Any specific target in mind?

greyenlightenment

$LYFT bought 14 call options for September

alpha_mu

$LYFT 12

Electrical_Green_258

$LYFT staying above 13.50

Puginator

@Electrical_Green_258 How long you holding $LYFT? Think it's got more upside or just steady returns?

InevitableSwan7

$LYFT slipping in home market

serenitybybowie

$LYFT's next earnings will be impressive. The report was great except for the guidance, which was lower than expected (most companies lower their Q1 guidance). I expected them to beat and raise guidance. It's odd that the stock dropped despite full-year profit and a share buyback. Analysts gave us $1 to $2 price cuts. I'm holding onto this stock until proven otherwise.

hey_its_meeee

$LYFT another up day but LYFT's down big. It's cheapest since start, buying back shares, making profits, yet no one's buying but everyone's selling

big_nate410

$LYFT Buy - Bought at $12.25 and will again at that price or lower here's why https://youtu.be/VqWG7gnLMaA

StephCurryInTheHouse

$LYFT all eyes wide open

michael_curdt

@StephCurryInTheHouse I had $LYFT, sold early. Regretted it later. FOMO is real.

Oleksandr_G

@StephCurryInTheHouse How long you holding $LYFT? Any specific target in mind?

Nobuevrday

$LYFT is 30% below its average price target. The shorts are currently leading, but water eventually finds its level. Waiting for real volume to push them out. It's just a matter of time.

rubiyan

$LYFT appears to be dropping

meowmeowmrcow

@rubiyan How long you been holding $LYFT? You think it's gonna rebound or nah?

Working_Initiative_7

$LYFT set to hit $13.90 again today

destroyman26

$LYFT Not thinking this will go to $13. Questionable if they'd want to cover those puts.

Turbonik1

@destroyman26 How long you holding $LYFT? Curious if you got a target in mind or just riding it out.