Star DeFi project Veil decided to stop operations and won the investment of Paradigm and Sequoia

On July 12th, Paul Fletcher, co-founder and CEO of the star DeFi project Veil, said on its Medium that it will not add a new trading market to Veil. The existing trading market on the platform will be removed on July 24. He pointed out that the team could not make its products suitable for existing markets because the current user community is too small. It is reported that Veil is a peer-to-peer forecasting market and derivatives trading platform. Users can participate in the forecasting of market and derivatives related transactions by logging into the Ethereum wallet, and have obtained support from well-known venture capital institutions such as Paradigm, Sequoia and 1confirmation. The month is online.