Arch

Bitcoin decentralized finance (DeFi) developer Arch Labs raised $13 million in funding toward building “ArchVM,” which the developers say will provide smart-contract functionality on the original blockchain. The funding round, which valued …

Bootstrapping decentralized finance (DeFi) on any blockchain usually requires a mix of builders with big ideas and funders to back them. That much is as true for baselayers as it is for the financial protocols launching atop them. Arch Labs, whose …