We’re excited to announce the Nerve Finance treasury has raised a round led by 3 Arrows Capital, CMS Holdings, and Alameda Research with participation from Immutable Capital and Primitive Ventures. The treasury sold $2M worth of tokens, and all investor tokens sold are on a 3 month lockup.
Nerve is a trustless on-ramp and stableswap on Binance Smart Chain. In the past week, we’ve seen our TVL grown from $200M to over $600M across all our pools. The Nerve Bridge has become a mainstay of the BSC ecosystem as the largest trustless bridge for transferring funds in and out of BSC, allowing people to move millions in assets easily. This strategic partnership will allow us to continue our mission of democratizing DeFi products for all.
Our upcoming focus is to increase community governance surrounding Nerve. Along with the raise, we’ll be bringing in key community members to multisig the treasury and our contracts. Expect more information about governance measures around the long term direction of the project soon.