According to media reports, rhino.fi completed a new round of funding on 2021-05-17. the investors in this funding round include ParaFi Capital,DeFiance Capital,Fenbushi Capital,GenBlock Capital,Delphi Digital,The Spartan Group,Blockchain.com,Lightspeed Venture,LongHash Ventures,Kain Warwick and others. Following this round, rhino.fi has raised a total of $5 M, bringing its latest valuation to $40 M.
Rhino.fi is a decentralized Layer2 exchange protocol, where users can swap, send, and invest, all from one easy-to-use platform, without paying Ethereum network fees. Rhino.fi aims to be a multi-chain DeFi hub, providing all the best opportunities in the DeFi realm: swaps, yield, staking, and trading. DeversiFi was initially incubated by Bitfinex.