The former Russian tycoon poured money into a DeFi project, which is expected to reach the top 10 DeFi

Aleksandr Lebedev - one of the richest businessmen in Russia, is said to be pouring money into one DeFi project to compete with all other projects.

According to sources from RBC, the Russian businessman is actively pouring capital into a DeFi startup called InDeFinEco.

"Currently, Lebedev has invested US $ 10 to $ 15 million for InDeFinEco's DeFi project, the amount is likely to increase," said RBC.

According to some sources revealed that this project is trying to combine several DeFi protocols into one, with a lending platform similar to Compound or Aave ..

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The founder of Russian exchange Garantex, Sergey Mendeleev, said that the project will have portfolio management tools like Yearn Finance or Rari Capital, as well as derivative products such as futures and contracts. co-option on cryptocurrencies.

According to Lebedev, "there are currently no DeFi projects that have the ability to combine to do that," he said. "InDeFinEco will be the first to do so."

The businessman also said his project will be in the top 10 DeFi projects in the near future, "everything is planned," he said.

Aleksandr Lebedev is known to be one of Russia's tycoons, and he started his career like many others in the Soviet Communist Party and the KGB.

After the collapse of the Soviet Union, Lebedev acquired the National Reserve Bank of Russia, which has now grown to become one of the largest banks in Russia.

Before 2012, his net worth was estimated to be billions of dollars ... but an investigation by the Central Bank of Russia and the FSB made a lot of his wealth evaporate.

By 2015, it is estimated that his net worth was about $ 400 million.