Tim Draper Backed DeFi Project Up 140% Despite Troubled Sale By Cointelegraph

Tim Draper Backed DeFi Project Up 140% Despite Troubled Sale

Tim Draper Backed DeFi Project Up 140% Despite Troubled Sale

Lending platform Defi Money Market (DMM) — backed by Tim Draper’s Draper Venture Network — has had a difficult birth.

The Initial DEX Offering (IDO) has completed successfully, raising $6.5 million in 48 hours, but investors reported problems with completing transactions, a confusing interface or raised trust issues around the company’s background.

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