Two Silicon Valley veterans join Router Protocol as investors

Veterans from conventional tech and finance industries proceed to show their consideration to crypto, with the group behind Router Protocol and Dfyn trade including Coinbase’s present CPO and a product government from DoorDash to its record of outstanding backers.

Router Protocol grows its record of outstanding traders

Cross-chain interoperability protocol Router has introduced that two Silicon Valley veterans have joined the challenge as traders. Surojit Chatterjee, the Chief Product Officer at Coinbase, and Gokul Rajaram, a member of the board of Pinterest, have each invested in Router Protocol’s Progress spherical.

Chatterjee was a former Head of Product for Indian e-commerce large Flipkart and served as a VP of Product at Google till final 12 months when he joined Coinbase as its Chief Product Officer. And whereas Chatterjee made the funding in a private capability, Router’s mission resonates along with his mission to make use of Coinbase as an enabler to ship financial freedom.

“Cross-chain liquidity migration is a key downside at the moment and the mix of the DFYN multichain AMM mesh and the Router XCLP Cross-chain Protocol has actual potential to be a pioneer on this area,” he stated.

Presently sitting on the board on Pinterest and Coinbase, Gokul Rajaram headed product improvement at Google, Fb, and Sq.. In accordance with Rajaram, the present product suite provided by Router Protocol and its sister-project Dfyn supply a excessive diploma of product-market match and have vital progress potential within the DeFi market. Rajaram is likely one of the most influential Indians within the US tech {industry}, in accordance to Enterprise Insider.

Router’s New Buyers A part of Newest Progress Spurt

Launched late final 12 months, Router has already skilled vital progress within the first half of 2021. Fueled by a major variety of new investments, the protocol is now embarking on a major progress spurt that can see it add new merchandise and options to its cross-chain suite and enhance its consumer base.

A number of main funding funds and a handful of main blockchain platforms have already confirmed their participation in an funding spherical, with the protocol set to make use of the funds to construct upon and additional develop its expertise and advertising and marketing capabilities.

The group behind Router Protocol additionally runs Dfyn Alternate, which has already attracted traders akin to CMS Holdings, QCP, De-Fi Capital, Shima Capital, Krypital, AU21, GBIC, DFG, Spark Capital, Signum Capital, Rarestone Capital, Aave’s Ajit Tripathi, and Polygon co-founder Sandeep Nailwal. The $280 million in liquidity locked within the trade additional reveals the potential of the group on the subject of capturing market share.

Ramani Ramachandran, the CEO and Co-Founding father of Dfyn and Router Protocol, stated that Router has gone from a distinct segment challenge to a fast-growing DeFi ecosystem in lower than six months. “That’s why they help the protocol will get from the likes of Chatterjee and Rajaram has the potential to push it to the forefront of the {industry},” he defined in a current interview.

He additional notes, “with many years of mixed expertise in constructing and scaling industry-defining merchandise to billions of customers at corporations akin to Google, Coinbase, Doordash and Flipkart, their involvement provides a special dimension to the group and can assist us scale the product suite to serve the subsequent wave of retail and institutional DeFi adoption throughout blockchains.”