Evrynet is pleased to announce several additions to its list of project advisers. The team has attracted talent from within the blockchain space and from MIT to expand its reach in the financial world. More collaborations are expected to be announced soon.
Evrynet is an intelligent financial services platform that provides the infrastructure for developers and businesses to build centralized decentralized finance (CeDeFi) applications. Moreover, Evrynet is compatible and interoperable with many leading blockchain ecosystems, creating many new opportunities and use cases.
To strengthen its presence in the CeDeFi world, Evrynet has appointed three members to its board of advisers.
Loi Luu is the CEO and co-founder of Kyber Network, an on-chain liquidity protocol powering multiple decentralized applications, or DApps. Luu has created an open-source security analyzer, Oyente, 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. Luu jointly helped develop Evrynet and will serve as an adviser to push the project further.
Stellar Development Foundation co-founder David Mazieres is the second adviser 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 the Future of Digital Currency Initiative. With vital research focusing on operating systems and distributed systems and their security, his expertise — which he contributed to Evrynet’s development and the Evry white paper — will aid the project in the future.
The third Evrynet adviser is Robert Townsend. A renowned economics professor at MIT and consultant for the Federal Reserve Bank of Chicago and the World Bank, Townsend has contributed to the Evry white paper and tokenomics. His knowledge and expertise regarding economics and finances can help open numerous new doors for the Evrynet initiative.
The Evrynet team commented on appointing these three advisers:
“We’re excited to have Loi Luu, David Mazieres and Professor Robert Townsend join as our project advisers. 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 advisers comes shortly after Evrynet raised $7 million in private funding. The money will 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. It will feature exchange, liquidity pool and staking solutions.
Notable investors in the funding round include Signum Capital, PetRock Capital, Elliptic 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.
Evry.Finance is the first DApp developed by Evrynet. It aims to provide features friendly to institutional inventors to allow them to participate in DeFi. Individual investors will also be able to enjoy the simple user interface where Evrynet aims to bring a more diverse yield product through bridging real-world assets and DeFi.
Korapat Arunanondchai (project lead)