Bangkok, Thailand, August 19, 2024, Chainwire
INFINIT, the first-of-its-kind DeFi abstraction layer, today announced that it will soon open up dApp creation to everyone, enabling anyone to build and customize DeFi applications in minutes. INFINIT is a DeFi infrastructure that abstracts the complexities of running and scaling decentralized finance applications on any integrated chain. Like pump.fun before it, INFINIT enables anyone to enter the arena and build their own financial dApps.
Backed by prominent investors including Electric Capital and Mirana Ventures, among others, the INFINIT platform will allow experienced and novice developers to create customized DeFi protocols in minutes, without the need for elaborate coding languages such as Solidity or Rust. Using TypeScript, developers will be able to easily integrate novel features into existing applications or launch entirely novel customized DeFi applications with just a few clicks. In a later phase, non-developers will also be able to launch and scale DeFi protocols directly from INFINIT’s user-friendly interface, with no coding 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 fueled our USDe trading volume and liquidity provision 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 create a solid foundation for future scalability.”
The rapid growth of Layer 1, Layer 2, and Rollups has not been matched by the influx of high-quality decentralized applications that are required for a growing DeFi ecosystem. Developers face significant setbacks due to niche skill requirements that create a high barrier to entry and lead to forking and increased exploitation risk. INFINIT addresses these issues by providing a strong, modular infrastructure that lowers the barrier to entry, reduces vulnerabilities, and enables rapid time to market and scaling for DeFi protocols. Additionally, INFINIT provides per-chain infrastructure to easily integrate and immediately accelerate the growth of the entire DeFi vertical.
“We created INFINIT to revolutionize how DeFi protocols are launched and scaled by abstracting away complexity,” said Tascha Punyaneramitdee, Founder and Principal Coordinator at INFINIT. “We are committed to becoming the backbone infrastructure for DeFi developers to build projects that will enable the next million developers and users to DeFi.”
INFINIT supports the entire DeFi project development lifecycle by supporting developers in 2 project phases: Launch and Scale. In the Launch phase, INFINIT provides all the necessary elements to launch novel DeFi protocols with customized features in minutes. This phase supports projects from stages 0 to 1, allowing developers to quickly create novel products, from money markets to yield strategy protocols and beyond. In the Scale phase, INFINIT facilitates the seamless addition of novel features or functionalities to existing protocols in minutes. For example, developers can extend the functionality of a product by integrating novel DeFi strategies, such as leveraged yield farming.
About INFINIT
INFINIT is the first DeFi abstraction layer that abstracts all the complexities of the entire process of launching and scaling DeFi protocols. With INFINIT, anyone can launch a customized DeFi app on any chain or scale existing apps with novel features in minutes. Any chain can integrate with INFINIT to drive the growth of the entire DeFi vertical. INFINIT’s vision goes beyond being a platform to becoming the backbone of DeFi, powering every DeFi protocol on every chain.
ContactBlake LeeINFINIT Laboratoriesblake@infinit.tech
