Kunji Finance has received a grant from the Arbitrum Foundation for product growth and ecosystem development.
Panama, 12th Jan 2024, King NewsWire: Kunji Finance is thrilled to announce that it has been awarded a grant by Arbitrum Foundation under the Arbitrum Foundation Grant Program. The grant has been awarded to scale the product and acquire users on the platform, contributing to the growth of the Arbitrum ecosystem.
Kunji Finance is a decentralized platform that allows users to copy the entire portfolio of expert traders across multiple assets, asset types, and liquidity sources, built on Arbitrum One. The project has recently launched its beta version and gained exposure in the space with multiple collaborations and partnerships with big protocols in the Arbitrum ecosystem including GMX, Vertex, MUX Protocol, and KyberSwap.
Arbitrum Foundation introduced the Foundation Grants, in support of the Arbitrum DAO, for ecosystem growth. Grants are being allocated to areas where heightened development holds the potential for a significantly amplified impact on the Arbitrum ecosystem. The Foundation Grants prioritize ecosystem expansion, directing grants to areas with the potential for higher returns in the Arbitrum ecosystem. These grants aim to enhance adoption, fortify technical foundations, and foster sustainable communities and Kunji Finance has announced the grand funding under the same program by Arbitrum Foundation.
The program is being operated in phases and Kunji Finance has received the grant under this program in Phase I for building a unique social trading platform on Arbitrum contributing to the ecosystem growth.
Portfolio Management on Arbitrum
Kunji Finance is building a one-of-a-kind platform for retail investors allowing them to copy the portfolio, leverage the trading skills of traders, and generate high alpha with risk management. The portfolio management platform is integrated with both derivatives and spot markets allowing traders on the platform to take both long and short positions with complete decentralization.
On receiving the grant from Arbitrum Foundation, Anurag Dixit, the founder and CEO of Kunji Finance said, “ We are super excited about the Arbitrum Foundation Grant. It is a big support to our endeavor of bringing the next million users to decentralized finance.“
About Kunji Finance
Kunji Finance is a decentralized platform empowering users to replicate expert traders’ portfolios across diverse assets. Users benefit from traders’ expertise in research, alpha generation, and risk management. With full control of funds, users can invest any amount and exit strategies at their convenience, embodying Kunji Finance’s commitment to seamless and secure decentralized trading. Learn more: https://www.kunji.finance/
About Arbitrum Foundation
The Arbitrum Foundation is a non-profit organization that was created to support the development and adoption of the Arbitrum protocol. Arbitrum is a layer 2 scaling solution for Ethereum that was developed by Offchain Labs, a blockchain research and development company. Learn more: https://arbitrum.foundation/
Media Contact
Organization: Kunji Finance
Contact Person: Sangam Bharti
Website: https://www.kunji.finance/
Email: Send Email
Country: Panama
Release Id: 1201248834
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