Aperture Finance Raises Series A Funding at $250M Valuation to Develop Intent-based Architecture for DeFi

Aperture Finance, a leading decentralized finance (DeFi) platform, is set to release its native platform token, $APTR, on May 31, 2024. The platform has recently raised a Series A funding round, totaling $12 million and valuing the project at $250 million. This funding round was led by top-tier venture capital firms such as Skyland Ventures, Blockchain Founders Fund, and Krypital Group, with participation from notable investors like Alchemy, SNZ, and Tide.

Aperture Finance is known for pioneering AI-powered intents, a novel approach designed to streamline complex DeFi operations. This innovative system leverages Uniswap V3 and allows users to specify their desired outcomes, simplifying interactions with DeFi protocols and enhancing accessibility. The platform is already live on 9 EVM-compatible chains, processing a transaction volume exceeding $2.7 billion with over 280,000 unique users and 15,000 daily active users.

The platform’s decentralized network of solvers calculates optimal transaction flows, which are then simulated and ranked by Aperture’s smart contracts. Aperture plans to further leverage its Large Language Model (LLM) interface to convert user intents expressed in natural language into a domain-specific language (DSL) that can be codified on-chain.

The upcoming launch of the $APTR token on Bybit on May 31, 2024, follows a successful airdrop campaign with participation from over 300,000 users. This new funding will support the development of Aperture’s Intents infrastructure, expand its solver network, and enhance the user experience with the forthcoming LLM integration. Aperture Finance’s commitment to democratizing access to complex financial instruments and transforming the DeFi landscape has garnered growing confidence from investors and users alike.