Description
Decentralized Finance (DeFi) is continuing to gain traction and DeFi protocols are raising millions to offer retail investors better access to the growing market. Ribbon Finance, a protocol that makes it easier for investors to benefit from the complicated world of crypto derivatives, just raised $8.8 million after partnering with Paradigm to build new risk products native to DeFi and double down on the project's multi-chain approach. At the same time, Struct Finance raised $3.9 million to develop structured products in DeFi, which the company will use to build the tools allowing institutions to easily customize interest rate products and to combine them with options to build structured products that are better suited to the profiles of different investors. Structured products in DeFi allow investors of various risk profiles to participate in the DeFi ecosystem thus boosting investor interest in DeFi