Gal Gadot is an angel investor in first DeFi protocol on Cardano

AdaSwap, an ecosystem builder that will establish one of the first DeFi protocols on the Cardano (ADA/USD) network, has raised $2.6 million in an iAngels-led funding round, Invezz learned from a press release.

Other participants included GBV, Shima Capital, Stardust, Pluto Digital, Efficient Frontier, Finova, Banter Capital, and Coti. Actress and producer Gal Gadot and producer Jaron Varsano were among the notable angel investors.

Funds used to build DEX and unique NFT marketplace on Cardano

AdaSwap will use the funds raised to build the best decentralized exchange on Cardano, as it has promised to do. DEX development will run parallel to other projects, such as a unique, exclusive NFT marketplace that will be home to curated collections and famous artists in the space. 

AdaSwap’s DeFi capabilities will include staking and fixed, long-term and high-yield liquidity pools. These applications will enable DEX users to stake tokens, buy and sell NFTs and earn interest on ADA.

iAngels said in a statement:

Gal Gadot and Jaron Varsano made a joint statement:

GBV Capital commented:

AdaSwap cofounder Itay Levy noted:  

With its first-mover advantage on Cardano, AdaSwap will create a micro-ecosystem that will enable others to develop and use the Cardano blockchain and help it to realize its game-changing potential.

Yida Gao, General Partner at Shima Capital added: