Thai banking giants back DeFi startup Forward in $5 million seed round

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Thai banking giants back DeFi startup Forward in $5 million seed round
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Some of Thailand's biggest banks — Kasikornbank and the Bank of Ayudhya — have backed DeFi platform Forward in a $5 million funding round.

Within a few hours of going live this week, dAMM Finance had already secured more than $1.1M in liquidity to their on-chain transparent lending platform.

Volumes are expected to continue to grow substantially with the introduction of the liquidity mining incentives too. Sustainable real yields of over 10% on more than 20 available token pools […]

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