Velvet Capital, a DeFAI Trading & Portfolio Management Ecosystem powered by intents announced its $3.7 million fundraising. The capital accelerated Velvet’s mission to make portfolio management and trading frictionless for funds, DAOs and individual traders while powering the rollout of its new governance and utility token VELVET. Alongside YZi Labs and Blockchain Founders Fund, the rounds received backing from FunFair Ventures, Selini Capital, Mucker Capital, PAKA, LucidBlue, Mindfulness Capital, SkyVision Capital, Gate Labs, Poolz Ventures, NexGen, Cointelegraph Accelerator, Gains Associates, Rarestone, Echo, DWF Ventures and other strategic investors. Velvet includes a unique self-improving multi-agent AI operating system tailored specifically for DeFi. The users are able to get price predictions and execute trades and DeFi actions via natural language. The people can use trading terminal to explore trending, high-volume and new tokens, top gainers and yield-generating DeFi pools. They can analyze and trade tokens directly from their wallet. The portfolio management suite allows creation of either a personal or a shared vault for your community to join. You can allow only whitelisted wallets to deposit or open it up to everyone. The APIs allow development of apps under your own web domain & branding to preserve direct client relationships.

The Velvet’s ecosystem token VELVET unlocks full utility when staked as veVELVET (vote-escrowed VELVET). The users can lock VELVET for up to four years. For longer locks a greater veVELVET reward is received. The system encourages continuous re-locking and sustained engagement. Benefits to veVELVET stakers include:
– Real yield: a share of platform revenue is used to buy VELVET on-market and distribute it to stakers.
– Additional VELVET emissions tied to individual platform usage.
– Tiered trading fee discounts and enhanced referral sharing.
– Partner airdrops & rewards from new projects integrating Velvet’s OS.
– Governance rights on DAO decisions, integrations and fee parameters.
The VELVET listing will be the first opportunity for the general public to purchase VELVET and receive exclusive access to governance, fee discounts, and real yield from the Velvet Ecosystem. Apart from centralized exchanges, the users will be able to buy VELVET directly from the Velvet App and stake to earn additional rewards.