According to news on December 5, DeFi.app completed a seed round of financing of US$2 million, with a valuation of US$100 million. This round of financing was led by Mechanism Capital, with participation from Selini Capital, North Rock Digital and about 50 angel investors. The financing was completed through a Simple Agreement for Future Tokens (SAFT) structure and reflects the fully diluted valuation of DeFi.app’s yet-to-be-launched native token HOME. DeFi.app aims to be the "Robinhood of DeFi" and is committed to simplifying decentralized financial transactions while maintaining self-custody of assets.