PANews reported on December 17 that the DeFi application layer Rujira stated in its official blog: "Rujira has successfully raised $7 million from a group of early investors who got involved after the merger announcement. With these funds, we have the ability to execute our plans and do not currently need additional capital. In the future, if necessary, we will be able to obtain additional funds through over-the-counter trading to further support the development of Rujira. The completion of this round of financing has also cleared a key obstacle for the RUJI TGE, which is currently expected to be held in February next year. As usual, this timeline is for reference only and may be subject to change."
According to the introduction, Rujira is a DeFi application layer on THORChain, created by the Rujira alliance between Kujira, Levana, and THORChain. It combines Kujira's DeFi tools with THORChain's liquidity and cross-chain functionality to achieve seamless, bridge-free access to blockchain networks.
