Humble DeFi Merges with Pact to Form a Leading Algorand-Based DEX Platform

Areta Advises Pact on Acquisition by Humble DeFi

Aug 12, 2024

Humble DeFi Merges with Pact to Form a Leading Algorand-Based DEX Platform

Areta Advises Pact on Acquisition by Humble DeFi

Aug 12, 2024

Summary

M&A
Medium
DeFi & Protocols

Humble DeFi’s mission is to offer a one-stop shop DeFi platform on the ALGO ecosystem, delivering features such as permissionless farms, liquidity pools, and user-centric decentralised finance products. Through its innovation, Humble DeFi established a strong presence in the Algorand DEX space. 

Pact’s mission is to build a robust decentralised exchange deeply integrated into the Algorand network, focusing on performance, user experience and ecosystem sustainability. Through the merger with Humble DeFi, Pact will retain its branding and product line while integrating Humble’s permissionless farming mechanics, forming a combined entity that aims to become the #1 DEX platform on Algorand—and to expand beyond. 

Areta acted as the exclusive financial advisor, supporting the companies throughout the transaction process and guiding the execution to align stakeholder value, product integration, and ecosystem leadership.

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