Lending Protocol Aurigami on Aurora Raises $12 Million in Token Rounds

Aurigami, a DeFi protocol based on the Aurora network, has raised $12 million in token rounds, of which $9.5 million was raised via a private token sale, and $2.5 million via an initial exchange offering (IEO) on KuCoin, Bybit and Impossible Finance. The private token sale closed in February and the IEO in May. The private round was co-led by Dragonfly Capital and Polychain Capital, with participation from Coinbase Ventures, Alameda Research, Jump Crypto, Amber Group and others. The funds raised will be used to scale the team and grow the ecosystem. Aurigami is a DeFi lending protocol on the NEAR ecosystem EVM scaling network Aurora. Aurigami reportedly plans to enable $USN as a borrowable asset and support cross-chain lending.