{"id":4789,"date":"2024-09-09T08:59:28","date_gmt":"2024-09-09T08:59:28","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=4789"},"modified":"2024-09-09T08:59:28","modified_gmt":"2024-09-09T08:59:28","slug":"yield-farming-and-auction-focused-pencils-protocol-reached-80m-post-money-valuation-in-its-recent-funding","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=4789","title":{"rendered":"Yield Farming and Auction Focused Pencils Protocol Reached $80M Post-Money Valuation in Its Recent Funding"},"content":{"rendered":"<p><strong>[PRESS RELEASE \u2013 Singapore, Singapore, September 9th, 2024]<\/strong><\/p>\n<p>Yield Staking and Auction-focused <a href=\"http:\/\/pencilsprotocol.io\/\" target=\"_blank\" rel=\"noopener\">Pencils<\/a> Protocol announced the successful completion of its strategic round of fundraising, which has propelled to an impressive $80 million post-money valuation. This round was led by Taisu Ventures, DePIN X, Bing Ventures, and Black GM Capital etc.<\/p>\n<p>Pencils Protocol has been on a mission to revolutionize the decentralized finance (DeFi) landscape. With innovative products like Farming, Vaults, and Auctions, Pencils Protocol\u00a0created a platform that not only offers robust financial tools but also empowers users to take control of their financial future. Their success is rooted in the support of the community\u200a\u2014\u200aover 400,000 active users and a staggering $300 million in Total Value Locked (TVL) demonstrate the impact they have made in the DeFi space.<\/p>\n<p>\u201cWe believe Pencils Protocol is well-positioned to contribute meaningfully to the growing Scroll ecosystem. Their use of Scroll\u2019s zero-knowledge technology, combined with a focus on scalable and private DeFi services, aligns with our strategy of supporting innovative infrastructure in the Layer-2 space. Pencils Protocol\u2019s offering of auction services, yield aggregation, and restaking presents a practical solution for enhancing asset utilization. We are confident in their ability to create value within the Scroll ecosystem through a measured, technology-driven approach.\u201d \u2014 Takashi Hayashida, Managing Partner at Taisu Ventures<\/p>\n<p>Moving forward, Pencils Protocol is thrilled to share the launch of its latest innovations: advanced multi-strategy Vaults, dynamic Auction and Shop products. These tools are designed to offer more sophisticated strategies for yield optimization and facilitate dynamic bidding for high-value assets across both Web2 and Web3, contributing further to the protocol\u2019s goal of enhancing asset utilization within the DeFi space.<\/p>\n<h2>About Pencils Protocol<\/h2>\n<p><a href=\"http:\/\/pencilsprotocol.io\/\" target=\"_blank\" rel=\"noopener\">Pencils Protocol<\/a> is a next-generation decentralized platform offering innovative DeFi solutions, including leveraged yield aggregation, auction services for blockchain and real-world assets (RWAs) and more. In partnership with Scroll, Pencils Protocol leverages zero-knowledge technology to enhance the scalability, privacy, and fairness of decentralized applications.<\/p>\n<p><strong>Website: <\/strong><a href=\"http:\/\/pencilsprotocol.io\/\" target=\"_blank\" rel=\"noopener\"><strong>http:\/\/pencilsprotocol.io<\/strong><\/a><\/p>\n<p><strong>Medium: <\/strong><a href=\"https:\/\/medium.com\/@PencilsProtocol\" target=\"_blank\" rel=\"noopener\"><strong>https:\/\/medium.com\/@PencilsProtocol<\/strong><\/a><\/p>\n<p><strong>Twitter: <\/strong><a href=\"https:\/\/x.com\/pencilsprotocol\" target=\"_blank\" rel=\"noopener\"><strong>https:\/\/x.com\/pencilsprotocol<\/strong><\/a><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/yield-farming-and-auction-focused-pencils-protocol-reached-80m-post-money-valuation-in-its-recent-funding\/\">Yield Farming and Auction Focused Pencils Protocol Reached $80M Post-Money Valuation in Its Recent Funding<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\">CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>[PRESS RELEASE \u2013 Singapore, Singapore, September 9th, 2024] Yield Staking and Auction-focused Pencils Protocol announced the successful completion of its strategic round of fundraising, which has propelled to an impressive $80 million post-money valuation. This round was led by Taisu Ventures, DePIN X, Bing Ventures, and Black GM Capital etc. Pencils Protocol has been on [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":4790,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4789","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/4789"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4789"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/4789\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/4790"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}