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MoHash raises $6M seed funding to bring sustainable, stable yields to DeFi

TechCrunch LogoTechCrunch1 mo ago

MoHash raises $6M seed funding to bring sustainable, stable yields to DeFi

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The recent collapse of UST has once again demonstrated that many of the so-called stablecoins in the web3 world today are tied to high-risk and often unsustainable assets.

As decentralized finance attempts to expand its reach, it appears to be in dire need to find alternative sources of yields.

Devarajan, co-founder of MoHash, previously worked at India Stack.


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Article Details

Author / Journalist: Manish Singh

Category: Technology

Topics: Aave Asia Crypto Compound TC India Crypto Fintech Sequoia India and Southeast Asia Quona Capital Sequoia Ethereum DeFi Funding Sequoia Capital India Finance Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-30, 10:13:20

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Reading Time: 4 minutes read

Article Length: 668 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 22632

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