Open Source AMM Saddle Closed $7.5 Million Funding Round Led by Polychain and Electric Capital

TokenInsight news, Open Source AMM Saddle has closed a $7.5 million funding round led by Polychain and Electric Capital, with participation from Nascent, Project Galaxy, and others. Sunil Srivatsa, the founder of Saddle, said the funding round will be used to expand its team, help bring low-slip stablecoins to each chain in DeFi, and invest in the Saddle community and creator metaverse.