DeFi Project Synthetix Raises $3.8 Million in New Funding

Synthetix—the Ethereum-powered decentralized finance (DeFi) project has raised USD$3.8 million in new funding. According to the announcement made on Monday, October 28, 2019, Synthetix revealed that Framework Ventures has backed its operations by purchasing 5 million Synth (SNX) tokens. Framework Ventures, which comprises a team of technologists, researchers, and investors dealing in open crypto networks, …