Fintech venture Legend, a pioneer in the Decentralized Finance (DeFi) sector, secures $15M in funding, with notable investors including A16z and Coinbase.

Fintech venture Legend, a pioneer in the Decentralized Finance (DeFi) sector, secures $15M in funding, with notable investors including A16z and Coinbase.

In the rapidly evolving world of cryptocurrency, a new player is making waves. Legend, a Decentralised Finance (DeFi) "super app," is currently in the testing phase, having raised $15 million from esteemed investors such as Andreessen Horowitz (A16z) and Coinbase Ventures.

The brainchild of developer Jayson Hobby, Legend is poised to revolutionise self-custody wallets by integrating multiple DeFi tools and features into a single, user-friendly interface. The app's primary focus is on providing users with control and ease of use.

Once launched, users will be able to send and receive cryptocurrencies through popular decentralised exchange platforms Uniswap and 0x. Moreover, Legend is collaborating with various DeFi applications to enable users to access different services without leaving the app.

One of the key features of Legend is the embedding of self-custody wallets within the app, ensuring users maintain control over their assets. Jayson Hobby describes the Legend platform as a "walled garden," where users won't need to verify the legitimacy or trustworthiness of the apps they have access to because Legend has already done that.

The app is not just limited to basic transactions. Users will also have access to crypto lending and borrowing services offered by Compound and Morpho via the Legend app. The company is aiming to bring as many crypto services as possible to the super app.

Jayson Hobby and two executives who previously helped build the crypto lending platform Compound are the minds behind Legend. The developers are focused on building a reliable user base and ensuring that users are in a safe environment with minimal risk of interacting with DeFi.

The team is also working to get the Legend app listed on the Apple App Store, marking a significant step towards mainstream adoption. As the testing phase progresses, expectations are high that Legend will redefine the DeFi landscape, offering a more useful self-custody wallet and a seamless DeFi experience.

1. In the realm of technology advancements in DeFi, Legend's integrative approach to investing, particularly in the finance sector, is expected to revolutionize cryptocurrency news, providing a user-friendly, all-in-one super app for decentralized exchange, lending, and borrowing services.
2. Upon its launch, Legend, the innovative DeFi "super app," will provide users with access to cutting-edge technology, including self-custody wallets, crypto lending and borrowing services, and collaborations with various DeFi applications, all aimed at simplifying and enhancing the investing experience within the rapidly evolving world of finance and technology.

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