Cross-chain aggregator Jumper spins out of LI.FI, to sell JUMP token via Legion
- —Jumper is spinning out of LI.FI into a standalone company
- —The JUMP token sale on Legion will be its first funding round
- —Cumulative trading volume topped $40 billion; MAU exceeds 100,000
- —No separate equity round: the token is the only form of ownership
Why it matters: A token-only funding model from the largest bridge aggregator makes JUMP a notable event for the DeFi sector.
Source: PANews