, Robinhood CEO Vlad Tenev, former CFTC chairman Christopher Giancarlo, entrepreneur Elad Gil, Terraform Labs founder Do Kwon, and Polygon co-founder Sandeep Nailwal also backed the round.
Hok said he founded Seashell to provide the easiest on-ramp for users to generate high yields, especially when inflation is rising and bank interest rates are below 1%. The US consumer price inflation hit 7% last month, the highest since 1982. Seashell will also explore off-chain lending to generate high yields, said Hok, meaning it will lend money to market makers in the crypto space.
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