On-chain yield platform Altura raises $4 million, led by Ascension.

Odaily Planet Daily reports that on-chain yield platform Altura has announced a $4 million funding round led by Ascension, with participation from leading European private equity firms Moonfare and InnoFinCon. The platform operates a single on-chain vault and employs a market-neutral strategy to generate stable returns. Users deposit stablecoins, and the vault earns protocol returns by capturing inter-exchange price spreads, generating funding fees through hedging positions, and rotating collateral to safe-yield assets. (Decrypt)