Finance on DeFi keeps getting more refined, with an eye to really taking on the banks. Shorter Protocol, a decentralized shorting infrastructure that will work on multiple blockchains at once, has raised $4 million in a round led by IDG Capital. Circle Ventures, Hedgue Fund, Halls Investment, NFV, and others also joined this angel round.

IPI Labs, the startup behind Shorter, has not previously raised funding, though the startup has long been courting attention from VCs eager to back a gifted player in the DeFi craze. Earlier this year, the startup announced it started to cooperate with a number of exchanges and wallets.

Crypto Shorting Protocol Shorter Lands $4M Raise Led By Idg Capital

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