Bangkok, Thailand, August 19, 2024, Chainwire
INFINIT, the first-of-its-kind DeFi abstraction layer, announced today that it will soon open up dApp creation to everyone, allowing anyone to build and customize DeFi applications in a matter of minutes. INFINIT is a DeFi infrastructure that abstracts away the complexities of launching and scaling decentralized finance applications on any integrated chain. Like pump.fun before it, INFINIT allows anyone to enter the field and create their own financial dApps.
Backed by major investors such as Electric Capital and Mirana Ventures, among others, INFINIT’s platform will enable experienced and novice developers to build custom DeFi protocols in a matter of minutes, without the need for complex coding languages like Solidity or Rust. By leveraging TypeScript, developers will be able to easily integrate new functionalities into existing applications or launch entirely new custom DeFi applications with 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 no coding will 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 boosted our USDe trading volume and liquidity supply on both Mantle and Blast since day one,” said Guy Young, Founder of Ethena Labs. “INFINIT’s support has allowed us to quickly expand into new ecosystems and lay a solid foundation for future scalability.”
The rapid growth of Layer 1s, Layer 2s, and Roll-ups has not been accompanied by an influx of high-quality dApps, which are necessary for a thriving DeFi ecosystem. Developers face significant headwinds due to specific 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 of DeFi protocols. Furthermore, 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 the way DeFi protocols are launched and scaled by removing the complexities,” said Tascha Punyaneramitdee, Founder and Core Contributor at INFINIT. “We are committed to becoming the primary infrastructure for DeFi developers to build the projects that onboard the next million developers and users to DeFi.”
INFINIT supports the entire lifecycle of creating a DeFi project, serving developers across 2 project phases: Launch and Scale. In the Launch phase, INFINIT provides all the building blocks required to launch new DeFi protocols with custom features in minutes. This phase supports projects from stage 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 or functionality to existing protocols in a matter of minutes. For example, developers can extend product functionality by integrating new DeFi strategies such as 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 custom DeFi application on any chain or scale existing applications with new functionalities in minutes. Any chain can integrate with INFINIT to power the development of its entire DeFi vertical. INFINIT’s vision goes beyond being a platform, but to become the backbone of DeFi, powering all DeFi protocols on all chains.
ContactBlake LiINFINIT Laboratories[email protected]
This article was originally published on Chainwire
