BlockBeats News, March 25 — Interest rate swap protocol Kairos Labs announced the completion of a $2.4 million seed round funding, led by 6th Man Ventures with participation from Lattice, Advancit Capital, and Compa Capital.
At the same time, Kairos released its technical white paper, introducing a permissionless, non-custodial interest rate swap protocol based on EVM, with plans to launch on the Ethereum mainnet and Base in the coming weeks.
The protocol allows users to create interest rate swap markets, enabling hedging between fixed and floating interest rates, filling a key infrastructure gap in DeFi. Currently, DeFi lending exceeds $40 billion, but remains primarily based on floating rates, lacking effective interest rate risk management tools.
Kairos states that its protocol will become the core infrastructure for on-chain fixed income systems, promoting the adoption of traditional financial products such as bonds and structured credit within DeFi.