Spartan Capital Invests in DeFi Protocol Pendle in a Follow-on Funding Round

cryptonews.com:

In a strategic move to boost the burgeoning landscape of decentralized finance (DeFi), Spartan Capital has announced its continued commitment to Pendle Finance through an over-the-counter (OTC) acquisition.

We're excited to share that we have made a follow-on investment in @pendle_fi through an OTC purchase.

We recognize the transformative potential of Pendle and their pivotal role in driving the advancement of on-chain yield trading.

Our strong partnership with Pendle dates back… pic.twitter.com/v2RkSMOiHj

— The Spartan Group (@TheSpartanGroup) November 9, 2023

As revealed in a Medium post on November 9, this new investment underscores the venture capital (VC) firm’s strong belief in Pendle’s innovative approach to the on-chain yield market.

Prior to this move, Spartan Capital has been a pioneering supporter of Pendle Finance, advocating for its objectives since its debut in 2021.

Spartan Capital has been with Pendle since the very beginning of our journey since the days of Pendle V1.

It's an honour to link hands with one of our longest supporters once more on our next leg of journey, as we strive to reshape the crypto landscape together