DEXTForce Ventures’ early-stage investment in Modefi

Some weeks ago, we introduced DEXTForce Ventures, which aims to discover and research a few selected unique projects with a high potential for success and partner with them in a valuable way. DFV’s partners will benefit from the collective support of the DEXTForce community and get excellent deals and the best visibility in DEXTools’ ecosystem. In exchange, DEXForce members will benefit from early-stage investment rounds.

Modefi achieved a huge 2x oversubscription

The DFV Committee secured an outstanding deal with Modefi and landed an exclusive spot in the venture round. Our collaborator TrustSwap, a DeFi platform that enables safe and customizable transactions for the global crypto ecosystem, joins among other key industry participants in the raise.

Next up is the Uniswap listing, which will take place on February 16, 2021.

Modefi, a decentralized layer 2 oracle aggregator

An oracle is used to connect real-world data with the blockchain. It validates this external data and converts it into an understandable format for smart contracts so that external events can trigger them. Oracle validation is essential because external data can be compromised and manipulated.

By being an oracle aggregator, Modefi is not a competitor to other oracles. Instead, Modefi is a distribution and aggregation solution that complements and decentralizes existing and future oracles. Like Orion Protocol is an aggregator for liquidity, Modefi does the same for oracle data.

Modefi is the oracle solution of tomorrow

  • A decentralized oracle marketplace that will connect third parties and exchange essential data autonomously
  • On-Demand oracle services for uncommon one-time data requests by developers
  • An innovative DeFi dashboard that brings tools, data, AI, API’s, and analytics to the next level for their users
  • A DAO governance system that empowers the community to become the superior decision-maker for any upcoming changes

Modefi has several partnerships in the works, including top players in the Oracle space, so keep an eye on the company’s social media channels.

Please do your own research and visit Modefi’s website to learn more about the team, $MOD tokenomics and co.

Join DEXTForce to benefit from future fundraising allocations

We are already researching several upcoming crypto projects, selecting the best of the best, and can’t wait to finally present them to DEXTForce.

DEXTools is the industry standard and central hub for DeFi traders everywhere. We commit ourselves to relentless innovation and improvement of our Trading App.