Kairos, an on-chain interest rate swap protocol, has raised $2.4 million in seed funding.

PANews reported on March 25th that Kairos Labs announced the completion of a $ 2.4 million seed funding round, led by 6th Man Ventures , with participation from Lattice , Advancit Capital , and Compa Capital . The company also released a technical white paper introducing its permissionless, non-custodial interest rate swap protocol built on the EVM ecosystem. This protocol has already generated over $ 300 million in notional swap trading volume during its testing phase and is expected to launch on the Ethereum mainnet and Base within weeks. Kairos allows anyone to create swap markets based on fixed / floating interest rates, maturities, collateral, and oracle parameters, providing infrastructure for hedging interest rate fluctuations for DeFi lending protocols such as Aave and Morpho , and supporting the construction of fixed-income products around ETH staking yields and various on-chain / off-chain interest rates.