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Bangkok, Thailand, August 19, 2024, Chainwire – INFINIT, the first-of-its-kind DeFi abstraction layer, today announced that it will soon open up decentralized application building to everyone, allowing anyone to build and customize DeFi applications in minutes. INFINIT is a DeFi infrastructure that removes the complexities of launching and scaling decentralized financial applications on any integrated chain. Like pump.fun before it, INFINIT allows anyone to enter the arena and build their own decentralized financial applications.
Backed by leading investors including Electric Capital and Mirana Ventures, among others, INFINIT’s platform will enable both experienced and novice developers to build custom DeFi protocols in minutes, without the need for complex coding languages like Solidity or Rust. By leveraging TypeScript, developers will be able to easily integrate new features into existing applications or launch entirely new custom DeFi applications in just a few clicks. In its later phase, non-developers will also be able to launch and scale DeFi protocols directly from INFINIT’s user-friendly interface, where coding will not be required at all.
INFINIT has already facilitated over $630 million in TVL across 12 protocols. Notable successes include Ethena Labs and INIT Capital, which closed $270 million in TVL within four months of launch.
“INFINIT has boosted our USDe trading volume and liquidity supply on Mantle and Blast from day one,” said Guy Young, Founder of Ethena Labs. “INFINIT’s support has allowed us to rapidly expand into new ecosystems and establish a strong foundation for future scalability.”
The rapid growth of Layer 1, 2, and Roll-ups has not been matched by an influx of high-quality dApps, necessary for a thriving DeFi ecosystem. Builders face significant setbacks due to niche skill requirements that create a high barrier to entry and lead to forks and increased risk of exploitation. INFINIT addresses these issues by providing a robust, modular infrastructure that lowers the barrier to entry, reduces vulnerabilities, and enables rapid market entry and scaling for DeFi protocols. Additionally, INFINIT provides infrastructure that allows any chain to easily integrate and immediately accelerate the growth of its entire DeFi vertical.
“We created INFINIT to revolutionize the way DeFi protocols are launched and scaled by abstracting away the complexities,” said Tascha Punyaneramitdee, Founder and Core Contributor of INFINIT. “We are committed to becoming the foundational infrastructure for DeFi developers to build the projects that will onboard the next million developers and users to DeFi.”
INFINIT supports the entire lifecycle of building a DeFi project, catering to developers in 2 project phases: launch and scale. In the launch phase, INFINIT provides all the building blocks needed to launch new DeFi protocols with custom features in minutes. This phase supports projects from stages 0 to 1, allowing developers to quickly build new products, from money markets to yield strategy protocols and beyond. In the scale phase, INFINIT facilitates the seamless addition of new features to existing protocols in minutes. For example, developers can extend product functionality by integrating new DeFi strategies like leveraged yield farming.
About INFINIT
INFINIT is the first DeFi abstraction layer that abstracts all the complexities of the entire process of launching and scaling DeFi protocols. With INFINIT, anyone can launch a custom DeFi application on any chain or evolve existing applications with new features in minutes. Any chain can integrate with INFINIT to drive the development of their entire DeFi vertical. INFINIT’s vision goes beyond being a platform, but to become the backbone of DeFi, powering every DeFi protocol on every chain.
Contact
Blake Li
INFINIT Laboratories
(protected email)
