Flux Protocol is a DeFi infrastructure firm built on the NEAR blockchain that provides decentralized oracle and data services for lending and other high-value protocols. Its model requires validators to stake tokens as collateral; accurate reporting preserves stakes while inaccurate reporting can trigger arbitration and potential slashing. Validators earn fees for providing trustworthy data and can be professional firms or token holders. The team says these economic guarantees improve oracle credibility and help prevent liquidation events caused by bad data. With the new capital, Flux plans to expand its small team of executors and push across the DeFi stack to become the default oracle for high-value protocols and data.

Total raised

$10M

Funding rounds

1

Latest round

Seed

Latest activity

May 2021