Evrynet, a financial service platform, is pleased to confirm several additions to its list of project advisors.
The team at Evrynet attracts talent from within the blockchain and crypto space and MIT to further expand its reach in the financial industry. More collaborations are “expected to be announced soon,” according to an update shared with CI.
Financial service platform Evrynet welcomes three new members to its board of advisors. The intelligent financial services platform offers the infrastructure for developers and businesses to build centralized/decentralized financial apps. Evrynet is also compatible and interoperable with various blockchain or distributed ledger tech (DLT) ecosystems, “creating many new opportunities and use cases.”
To solidify its presence in the financial world, Evrynet has “appointed three members to its board of advisors.”
Loi Lui is the CEO and co-founder of Kyber Networks, an on-chain liquidity protocol powering several different decentralized applications or dApps. Loi has established an open-source security analyzer Oyente, which is focused on the Ethereum blockchain and its smart contracts.
He also “designed the first sharding protocol for public blockchains, which inspired the creation of Zilliqa.” Loi jointly “helped develop Evrynet and will serve as an advisor to push the project further,” the announcement revealed.
Stellar Development Foundation co-founder David Mazieres is the second advisor for Evrynet. Mazieres is a professor of Computer Science at Stanford, where he “spearheads the Secure Computer Systems Research group.”
He also co-directs the Center for Blockchain Research and Future of Digital Currency initiative. With research focus on operating systems and distributed systems and their security, his expertise – “which he contributed to Evrynet development and the Evry whitepaper – will aid the project in the future.”
The third Evrynet advisor is Professor Robert Townsend. As a renowned economics professor at MIT and consultant for the Federal Reserve Bank of Chicago and the World Bank, Professor Townsend has “contributed to the Evry whitepaper and tokenomics.” His knowledge and expertise regarding economics and finances can “help open numerous new doors for the Evrynet initiative,” the update noted.
The Evrynet team noted:
“We’re excited to have Loi Lui, David Mazieres, and Professor Rober Townsend join as our project advisors. We have been working with them on many projects and look forward to many more exciting collaborations in the future, several of which are already in process and will be announced soon.”
The expansion of the board of advisors comes shortly after Evrynet secured $7 million in private funding. The proceeds should help the team develop its DeFi app “aimed at institutional investors.” Decentralized finance has “grasped the attention of institutional players, and Evrynet wants to provide adequate DeFi services to investors through the Evry.Finance application,” the announcement noted.
It will reportedly feature exchange, liquidity pool, and staking solutions.
Investors in the round include Signum Capital, Petrock Capital, Elliptive Ventures, and others. Evrynet had, through previous rounds, “built up a strong list of investors and supporters, which appears to expand with every funding round,” the announcement revealed.
As mentioned in the release, Evry.Finance is the first DApp “developed by Evrynet” and aims to offer institutional inventors-friendly features to “allow them to participate in DeFi.”
Individual investors will also be able to “enjoy the simple user interface where we aim to bring a more diverse yield product through bridging real-world assets and DeFi.”