On June 18, people familiar with the matter revealed that Avara founder and CEO Stani Kulechov is in contact with US venture capital institutions to seek $50 million in financing for Lens Protocol, which will bring its valuation to $500 million. Avara spokesperson did not confirm or deny this information and declined to comment further. When asked about the coin issuance, Kulechov said that "it has not reached that stage yet" and the current main goal is the upcoming Lens Network, a native network built on the ZKsync technology stack. In 2023, Lens Protocol raised $15 million; four weeks ago, its competitor Farcaster raised $150 million at a valuation of $1 billion. Original link (https://www.dlnews.com/articles/defi/lens-protocol-is-pursuing-new-50-million-usd-fundraise/)
Cut Loss Timely or Let Profits Run: Which is Easy For You?
The most challenging part of investing is often the test of human nature. After buying a stock, if it drops, will you promptly cut your losses and sell it? If the stock rises, will you immediately take your profits? Both timely cutting of losses and letting profits run require investors to have a strong mindset.
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