Smart contract platform Llama completes US$6 million in seed round financing, supported by Founders Fund and Electric Capital

Smart contract platform Llama has raised $6 million in seed funding from Founders Fund and Electric Capital, among other investors including Polygon blockchain co-founder Sandeep Nailwal and Aave founder Stani Kulechov. Llama aims to make blockchain protocol governance more efficient by enabling on-chain actions such as fund transfers or protocol parameter changes through encoding roles and permissions into the protocol. The platform aims to address inefficiencies and security vulnerabilities that may lead to poor performance or even hacking attacks and vulnerabilities.