Bangkok, Thailand, August 19th, 2024,
Chainwire
INFINIT, the first-of-its-kind DeFi abstraction layer, today
announces that it will soon open dApp creation to all, allowing
anyone to build and customize DeFi applications in a matter of
minutes. INFINIT is a DeFi infrastructure that abstracts away
complexities to launch and scale decentralized finance applications
across any integrated chain. Like pump.fun before it, INFINIT
enables anyone to enter the arena and build their own financial
dApps.
Supported by prominent investors including Electric Capital and
Mirana Ventures, among others, INFINIT’s platform will allow
experienced and novice developers to create customized DeFi
protocols within minutes, without the need for complex coding
languages like Solidity or Rust. By leveraging TypeScript,
developers will be able to easily integrate new functionalities to
existing applications or launch entirely new customized DeFi
applications in 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 $630M in TVL across 12
protocols. Key successes include Ethena Labs and INIT Capital,
which achieved $270M in TVL within four months of launch.
"INFINIT has driven our USDe trading volume and liquidity
provisioning on both Mantle and Blast from day one,” said Guy
Young, Founder at Ethena Labs. “INFINIT's support has enabled us to
rapidly expand into new ecosystems and set a strong foundation for
future scalability."
The rapid growth of Layer 1s, Layer 2s, and Roll-ups hasn't been
matched with an influx of high-quality dApps, which are required
for a thriving DeFi ecosystem. Builders face significant setbacks
due to niche skill requirements that create a high barrier to entry
and lead to forking and increased risk of exploitation. INFINIT
addresses these pain points 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 an infrastructure
for any chain to easily integrate and immediately accelerate the
growth of its entire DeFi vertical.
"We created INFINIT to revolutionize how DeFi protocols are
launched and scaled by abstracting away the complexities," said
Tascha Punyaneramitdee, Founder and Core Contributor at INFINIT.
"We are committed to becoming the backbone infrastructure for DeFi
developers to build the projects that onboard the next million
developers and users to DeFi.”
INFINIT supports the entire lifecycle of building a DeFi
project, catering to developers at 2 project phases: Launch and
Scale. In the Launch phase, INFINIT provides all the building
blocks necessary to launch new DeFi protocols with customized
features in minutes. This phase supports projects from stages 0 to
1, allowing developers to quickly create new products, from money
markets to yield strategy protocols and beyond. In the Scale phase,
INFINIT facilitates the seamless addition of new features or
functionalities to existing protocols within minutes. For instance,
developers can expand product functionality by integrating new DeFi
strategies like leveraged yield farming.
About INFINIT
INFINIT is the first DeFi abstraction layer
that abstracts away all the complexities of the entire process of
launching and scaling DeFi protocols. With INFINIT, anyone can
launch a customized DeFi application on any chain or scale existing
applications with new functionalities in minutes. Any chain can
integrate with INFINIT to drive the development of its entire DeFi
vertical. INFINIT's vision goes beyond being a platform but to
become the backbone of DeFi, powering every DeFi protocol across
every chain.
Contact
Blake Li
INFINIT
Labs
blake@infinit.tech