News/DeFi Rating Project Exponential Closes $14 Million Seed Round Led by Paradigm

DeFi Rating Project Exponential Closes $14 Million Seed Round Led by Paradigm

Oct 04,2022,01:01

DeFi rating project Exponential closed a $14 million seed round led by Paradigm, with participation from FTX Ventures, Solana Ventures, Polygon, Circle Ventures, and others. The funds raised will be used to scale the team and build a new DeFi investment platform.

The Exponential platform, which has remained in Beta until now, has a rating system—an A is best, an F is worst—for countless pools, coins, etc., within the DeFi space. Users can use the rating system to decide on investments, and also to get a rating of their existing holdings. (Investors still are encouraged to do their own research.) Exponential, in addition to the ratings platform, also plans to release a custodial wallet.

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