Portals is a firm offering crypto-based financial technology that aggregates yield and protocols for transaction bundling , any-to-any swaps and real-time data. Portals leverages the advantage of lego-like composability of DeFi(Decentralized Finance) to allow anyone to create and bundle complex actions into a single transaction with ease. The firm prides itself in offering one-click access to swaps, staking, vaults, yields and pools to enable users unleash the full potential of DeFi. Through Portals’ infrastructure, users can access any asset easily without the need to juggle through multiple DeFi transactions.
Portals has announced that it has raised $2 million in a seed funding round that was led by Lightshift Capital. Other firms that participated in the round include Poolside, Basement Labs, LongHash Ventures, Daedalus Angels and Mechanism Capital among other investors. The proceeds of the new financing round will be utilized to facilitate the continuous disruption and simplification of the DeFi sector while allowing anyone to easily manage complex DeFi activities.
The firm’s offerings are categorized into three, that is, Portal, Farm and Data. The portal allows users to bundle multi-step actions into a single multicall transaction that seamlessly swaps interest bearing, liquidity pools, vaults or simple tokens for any other chain.
The Farm offering allows users to stake their own liquidity and earn yield from over 20K supported opportunities with new platforms added frequently.
The Data offering on the other hand, offers query data from DeFi protocols including liquidity providers and token prices, liquidity and pool data, account balances and more.
Portals platform also offers DeFi API(Application Programming Interface) for builders. Portals infrastructure can be integrated by builders in a few lines of code enabling anyone to condense multi-step DeFi transactions into a single step with a simple API request.
Apps powered by Portals API have enhanced performance and boosted functionality therefore, driving DeFi adoption. The infrastructure is supported in some of the latest EVM(Ethereum Virtual Machines) chains and the most popular newest protocols including Curve, Yearn, Aave and Uniswap among other protocols.
