Accessibility Statement Skip Navigation
  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing
  • Login
  • GDPR
  • Create a Free Account
Return to PRWeb homepage
  • News
  • Resources
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All News Releases
      • Multimedia Gallery

      • All Multimedia
      • All Photos
      • All Videos
  • Business & Money
      • Auto & Transportation

      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Advocacy Group Opinion
      • Animal Welfare
      • Congressional & Presidential Campaigns
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy
      • U.S. State Policy
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Hamburger menu
  • Cision PRWeb provides efficient communication tools to continuously engage with target audiences across multiple online channels
  • Create a Free Account
    • ALL CONTACT INFO
    • Contact Us


      11AM ET Sunday – 8PM ET Friday

  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • News in Focus
    • Browse All News
    • Multimedia Gallery
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR

Router Protocol on-boards Silicon Valley Veterans as investors as part of its growth round

Continuing with the theme of top talent from 'traditional' tech and finance turning their attention to crypto, the team behind Router Protocol, the cross-chain liquidity protocol, and DFYN, the multichain AMM, announced investments from Surojit Chatterjee, Chief Product Officer of Coinbase, and Gokul Rajaram of Doordash.


News provided by

Router Protocol

Aug 05, 2021, 10:30 ET

Share this article

Share toX

Share this article

Share toX


SINGAPORE , Aug. 5, 2021 /PRNewswire-PRWeb/ -- Router Protocol is building a suite of cross-chain liquidity infra primitives that aims to seamlessly provide bridging infrastructure between current and emerging Layer 1 and Layer 2 blockchain solutions. Router has announced partnerships with multiple protocols, including Polygon, Avalanche, Elrond, Algorand, HECO, Chainlink, and OKEC, and plans to launch its mainnet in the next few weeks. Router Protocol's testnet went live last week and can be accessed at https://testnet.routerprotocol.com/ .

Dfyn is a multi-chain AMM DEX currently functional on Polygon, and has also been developed by the team behind Router. Dfyn nodes on various chains act as liquidity entry and exit points into the cross-chain liquidity super mesh that is being enabled by Router Protocol. Dfyn has most recently launched on OkExChain, and plans to expand support to multiple blockchains including emerging L2 platforms.

“We are very excited to have Gokul and Surojit as part of the journey. We’ve gone from a niche DeFi project to a fast-growing DeFi ecosystem in less than six months."

Post this

Router Protocol seamlessly connects blockchains, enabling liquidity to seamlessly flow between these chains. This is increasingly important in a world where liquidity is getting fragmented across chains apart from Ethereum. Beyond cross-chain swaps and transfers, Router's bridging infrastructure can enable a host of use cases in lending, money markets, and governance across chains and is truly the dawn of cross-chain in DeFi.

Surojit Chatterjee was a former Head of Product for the Indian e-commerce giant Flipkart and served as VP of Product at Google until the beginning of 2020. Last year, Chatterjee joined Coinbase, where he serves as the Chief Product Officer. While this investment is in Chatterjee's personal capacity, it clearly resonates with his professed goal of using Coinbase as an enabler to deliver economic freedom to everyone. "Crosschain liquidity migration is a key problem currently and the combination of the DFYN multichain AMM mesh and the Router XCLP Crosschain Protocol has real potential to be a pioneer in this space ", Chatterjee commented.

Gokul Rajaram is often referred to as the Godfather of Google AdSense, and has headed product development at companies such as Facebook and Square subsequently. In addition to his role on the board of Coinbase, Rajaram is also on the board of consumer-focused unicorn Pinterest. Commenting on his investment, Rajaram had this to say - "The team behind Dfyn and Router have been building and iterating and experimenting in the crypto space for a while now, and that level of continuous innovation has been key to building up to the current product suite which has a high degree of product-market fit and significant growth potential in a DeFi market that is poised for take-off"

Dfyn has been growing rapidly since its IDO (Initial DEX Offering) on launchpad platform Polkastarter on May 10th. Within a month after its full-fledged launch, it crossed a billion dollars in lifetime traded volume, and it is one of the top Dapps on the Polygon network, even before full-fledged expansion to other chains such as the OKExChain node that was recently announced. The Dfyn Network has come a long way in a very short period of time, with a very strong community at the heart of it. Dfyn currently has almost $300 million in liquidity added by the community and has saved it's users tens of millions of dollars by offering a feeless i.e. gasless trading experience on Polygon. DFYN investors include CMS Holdings, QCP, De-Fi Capital, Shima Capital, Krypital, AU21, GBIC, DFG, Spark Capital, Signum Capital, Rarestone Capital, Aave's Ajit Tripathi, as well as Polygon co-founder Sandeep Nailwal among others.

Router Protocol is now embarking on a growth round with confirmed participation from leading investment funds as well as major blockchain platforms. The funds raised will be used to build upon and augment Router Protocol's technical and marketing capabilities.

Commenting on the addition of Rajaram and Chatterjee to the cap table, Ramani Ramachandran, CEO/Co-founder of Dfyn & Router Protocol had this to say - "We have gone from a niche DeFi project to a fast-growing DeFi ecosystem in less than six months. With decades of combined experience in building and scaling industry-defining products to billions of users at companies such as Google, Coinbase, Doordash and Flipkart, their involvement add a different dimension to the team and will help us scale the product suite to serve the next wave of retail and institutional DeFi adoption across blockchains".

Twitter

SOURCE Router Protocol

Modal title

How RouterProtocol compares to different cross-chain liquidity products
How RouterProtocol compares to different cross-chain liquidity products
How RouterProtocol compares to different cross-chain liquidity products

Contact PRWeb

  • 11AM ET Sunday – 8PM ET Friday
  • Contact Us

About PRWeb

  • About PRWeb
  • Partners
  • Partnership Programs
  • Editorial Guidelines
  • Resources

Why PRWeb

  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing

Accounts

  • Create a Free Account
  • Log in
  • Contact Us

Do not sell or share my personal information:

  • Submit via [email protected] 
  • Call Privacy toll-free: 877-297-8921

Contact Cision

Products

About

My Services
  • All News Releases
  • Online Member Center
  • ProfNet
Cision Distribution Helpline
888-776-0942
  • Legal
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 Cision US Inc.