ParaFi Capital and D1 Ventures invested approximately US$450,000 in the decentralized exchange DeversiFi. The governance token of the decentralized exchange DeversiFi is NEC. ParaFi and D1 Ventures plan to participate in the platform’s management platform necDAO. The predecessor of the decentralized exchange DeversiFi was Ethfinex, which was spun off from Bitfinex in 2019. The trading platform re-released its products at the beginning of this year and built the privacy layer of the platform. According to the chain’s note, ParaFi Capital was founded by Ben Forman, a former employee of private equity giant KKR. It is a venture capital company focusing on blockchain and decentralized financial markets. ParaFi has also conducted DeFi projects such as Aave, MakerDAO, Teller, and Kyber before. investment. D1 Ventures is a venture capital institution focusing on the field of native blockchains. It aims to support the future development of the crypto economy by providing global market insights, building cross-market liquidity, providing strategic consulting and Meme communication strategies, and supporting the future development of the crypto economy. Projects include NEAR, Polkadot, Ethereum, Handshake, and ecological native scene applications.