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Sunder Protocol Raises $2 Million In Private Sale

Sunder Protocol has successfully raised $2 million on its private funding round from 4SV, A195, ArkStream Capital, AU21, Caballeros Capital, DeFi Omega, DoraHacks Ventures, Frontier, HashCIB, Magic Ventures, MW Partners, NGC Ventures, Node Kapital, Redacted Capital, T3E, Titans Ventures.

Sunder Protocol provides decentralized vault services with fungible tokens on both Ethereum and Binance Smart Chain. It allows the market set coverage prices as opposed to using bonding curves.

The vision of Sunder Protocol is to allow any user to extract full value of governance tokens through Sunder Protocol. Participating in governance while earning yield to be simultaneously achievable, without excessive overhead cost spent on fees.

On June 9th, Sunder Protocol has launched its governance token SUNDER on miso.sushi.com on a Dutch Auction format lasting for 72 hours, or until commitments reach the limit of the auction target.

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