LI.FI is a protocol that simplifies swapping assets between different blockchains. It's designed to be user-friendly and efficient, making cross-chain swaps easier for everyone, even those new to crypto.
Li.Fi
DeFi
Description
Here's a breakdown:
- Cross-Chain Bridge Aggregation: LI.FI brings together various bridges and connects them to decentralized exchange (DEX) aggregators. This means you can swap assets between any two blockchains.
- Advantages:
- Simplicity: It's designed to be straightforward, making cross-chain swaps easy for all users.
- Efficiency: LI.FI processes swaps quickly and at a low cost.
- Security: The protocol includes several security features like multi-signature wallets and end-to-end encryption to protect user funds.
- Scalability: LI.FI can handle a large number of users and transactions.
In summary, LI.FI is a practical solution for anyone looking to swap assets across different blockchains, offering simplicity, efficiency, security, and scalability.
Team of the Project
Max Klenk
CTO
Max is the CTO of Li.Fi, before that, he was the CTO of STOMT, a Customer Experience Cloud Platform for Brands and Games.
Philipp Zentner
CEO
Philipp Zentner possesses extensive entrepreneurial experience. He has served as the CEO of several companies across various fields, including biotechnology, CRM, software, and cryptocurrency. His most recent endeavor involved developing a web3 loyalty and airdrop tool, Freiber.io.
Funding
$17,500,000
$17,500,000
Series A
Led by Superscrypt and Coinfund. Other investors like Three Point Capital, Theta Capital, Perridon Holdings, L1 Digital, Bloccelerate VC.
$5,500,000
$5,500,000
Venture Round
Led by 1kx. Other investors were Triblock, SMAPE Capital, Scalar Capital, RockTree Capital, Lattice Capital and angel investors.