Bangkok, Thailand, August 19th, 2024, Chainwire
INFINIT, the groundbreaking DeFi abstraction layer, has announced that it will be opening up dApp creation to everyone, allowing individuals to easily build and customize DeFi applications within minutes. INFINIT simplifies the process of launching and scaling decentralized finance apps across various integrated chains, similar to the success of pump.fun. This platform empowers anyone to enter the world of finance and create their own financial dApps.
Backed by top investors like Electric Capital and Mirana Ventures, INFINIT's platform enables both experienced and novice developers to create personalized DeFi protocols without the need for complex coding languages such as Solidity or Rust. Using TypeScript, developers can seamlessly integrate new functionalities into existing applications or launch entirely new customized DeFi apps with just a few clicks. In the future, even non-developers will be able to launch and scale DeFi protocols directly from INFINIT's user-friendly interface without any coding required.
INFINIT has already facilitated over $630M in Total Value Locked (TVL) across 12 protocols, with successful projects like Ethena Labs and INIT Capital achieving $270M in TVL within four months of launch.
"INFINIT has significantly boosted our USDe trading volume and liquidity provisioning on Mantle and Blast since day one," said Guy Young, Founder at Ethena Labs. "INFINIT's support has allowed us to expand rapidly into new ecosystems and establish a solid foundation for future growth."
The rapid expansion of Layer 1s, Layer 2s, and Roll-ups has not been met with a corresponding increase in high-quality dApps, which are essential for a thriving DeFi ecosystem. INFINIT addresses these challenges by offering a robust, modular infrastructure that reduces barriers to entry, minimizes vulnerabilities, and enables quick market entry and scaling for DeFi protocols. Furthermore, INFINIT provides an infrastructure that allows any chain to seamlessly integrate and accelerate the growth of its entire DeFi ecosystem.
"We developed INFINIT to revolutionize the launch and scaling of DeFi protocols by simplifying the complexities," said Tascha Punyaneramitdee, Founder and Core Contributor at INFINIT. "Our goal is to be the backbone infrastructure for DeFi developers, enabling them to onboard millions of new developers and users to the DeFi space."
INFINIT supports the entire lifecycle of building a DeFi project, catering to developers in two key phases: Launch and Scale. In the Launch phase, INFINIT provides all the necessary building blocks to launch new DeFi protocols with custom features quickly. This phase supports projects from early stages to launch, allowing developers to create products ranging from money markets to yield strategy protocols and more. In the Scale phase, INFINIT facilitates the seamless addition of new features or functionalities to existing protocols within minutes, enabling developers to enhance product functionality by integrating new DeFi strategies like leveraged yield farming.
About INFINIT
INFINIT is the first DeFi abstraction layer that simplifies the process of launching and scaling DeFi protocols. With INFINIT, anyone can launch a customized DeFi application on any chain or enhance existing applications with new features in minutes. INFINIT's vision extends beyond being a platform to becoming the backbone of DeFi, powering every DeFi protocol across every chain.
Contact
Blake Li
INFINIT Labs
blake@infinit.tech
Analysis:
INFINIT, a revolutionary DeFi platform, is set to democratize the creation of decentralized finance applications by simplifying the process for developers and non-developers alike. With its user-friendly interface and powerful infrastructure, INFINIT aims to lower the barrier to entry for building DeFi protocols, enabling rapid market entry and scaling. This innovation has the potential to attract millions of new developers and users to the DeFi ecosystem, driving growth and innovation across various chains. By abstracting away complexities and providing modular solutions, INFINIT is paving the way for a more accessible and secure DeFi landscape.