Spicenet Raises $5 Million in Series A Funding, Led by dao5] Spicenet, a brokerage network focused on on-chain finance, announced the completion of a $5 million Series A funding round, led by dao5, with participation from Babylon and Astrarizon. This brings its total funding to $8 million, including a previous $3 million seed round co-led by Hack VC and Magnus Capital. The funds will be used to launch the cross-exchange margin product Spice Edge and the SPICE token, and to provide initial liquidity for products within the network. Its cross-chain interaction product, Spice Flow, has already achieved over $160,000 in trading volume in its beta version. Spice Edge is about to launch its beta version, with Derive as its initial partner.