Azura wants to make it easier for DeFI solutions to thrive
Azura, a new decentralized finance (DeFi) platform backed by prominent crypto founders, has officially launched, intending to simplify the DeFi ecosystem for users. Debuting yesterday, the platform, which describes itself as an “onchain interfacing layer,” seeks to address one of the biggest hurdles in DeFi—complexity. By aggregating all major forms of decentralized infrastructure into a single, user-friendly application, Azura aims to lower the entry barrier for both new and experienced users in the crypto space.
Introducing Azura: The Onchain Interfacing Layer
We’ve raised $6.9m led by @Initialized, with support from @VoltCapital, @winklevosscap (@tyler, @cameron), @alliancedao, @rajgokal (Solana), @Melt_Dem (Coinshares), @thegostep (Flashbots), and others to connect the world to… pic.twitter.com/GubnrdgDWF
— Azura (@azura) October 22, 2024
The DeFi landscape has long been fragmented, requiring users to navigate various blockchains, protocols, wallets, and exchanges to conduct cross-chain transactions. Azura’s solution is to bundle these functionalities into one cohesive platform, preserving the key benefits of DeFi such as self-custody, decentralization, and transparency, while reducing the technical friction that can deter newcomers. According to the platform, this fragmentation has been a significant barrier to adoption, likening it to the early days of the internet when navigating online services was far more difficult.
Azura’s launch was supported by a successful $6.9 million investment round led by Initialized Capital, with additional backing from Volt Capital, Winklevoss Capital, Alliance DAO, and other notable figures in the crypto industry, including Solana co-founder Raj Gokal and CoinShares CSO Meltem Demirors.
The platform is designed to support all blockchains and protocols, providing users with a streamlined experience across decentralized applications without the need for multiple wallets or complex processes like managing seed phrases. With its focus on accessibility and user experience, Azura could play a pivotal role in driving the broader adoption of decentralized finance by making it more approachable for everyday investors.
