- Tools used to create secure DeFi interoperability
- The funding round was led by the 1kx Foundation
Zero-knowledge startup Lagrange Labs Oannounced about the closing of the preliminary seed funding round for $4 million. The round was led by the 1kx fund, with the participation of CMT Digital, Maven 11 Capital, Lattice, Daedalus. They plan to use the new capital to develop their ZK system, which ensures the secure interaction of various blockchain networks.
In a statement, the company says that in order to exchange information between different networks, an intermediary protocol is needed, which can be subject to hacks and vulnerabilities.
Ismael Hishon-Rezaizadeh, founder of Lagrange, said:
“These intermediaries also tend to be limited in the information they can convey. Modern DeFi applications require more complex relationships between data on different blockchains, and we can’t wait to see how our technology can unlock new DeFi primitives.”
In addition to raising funds, Lagrange has also hired Haralampos Papamanta, co-director of Yale University’s Department of Applied Cryptography, as its chief scientist.
At launch, the Lagrange protocol will be compatible with all public virtual machines and rollups. It will then also support non-EVM compatible networks, including Solana, Sui, Aptos, and some based on the Cosmos SDK.
