DeFi protocol Shogun completes $6.9 million seed round financing, with a token valuation of $69 million

According to ChainCatcher, The Block reports that the DeFi protocol Shogun's developer, Intensity Labs, has completed a $6.9 million seed round financing, led by Polychain Capital and DAO5, with participation from Arrington Capital, Arthur Hayes' family office Maelstrom, and Build-a-Bera. Additionally, angel investors such as Cobie, Ansem, Ser Shokunin, and Meltem Demirors also participated in this round of financing. Co-founder Rahul Patel stated that this round of financing brings Shogun's fully diluted token valuation to $69 million.

It is reported that Shogun is incubated by Binance Labs. In March of this year, Binance Labs invested in a total of 7 startups, including Shogun, during its sixth incubation program.

Additionally, the Web3 asset data platform RootData shows that Shogun is an order flow aggregator and a smart liquidity router for modular networks, initially launched on Cosmos.