Lending platform Liquidium has raised $2.75 million in a seed spherical because it seeks to place itself as a number one DeFi hub within the Bitcoin ecosystem.
Traders on this spherical embody Sensible 3 Ventures, Portal Ventures, Uneven Capital, AGE Fund, NGC Ventures, CMS Holdings, Newman Capital, VidenVC and DeGods. Angel traders together with Dingaling, Frank DeGods, Beanie, Cirrus, ThreadGuy, FAR (co-founder of Taproot Wizards), Anthony Newman, Dr. Jingle and NFTboi additionally participated on this spherical. currencyjournals CEO Nate Whitehill and Kraken's Dan Held.
Aave-like expertise
Liquidium CEO Robin Obermeyer mentioned the funding will assist the platform notice his imaginative and prescient of offering an Aave-like expertise on Bitcoin.
“We envision Liquidium changing into a DeFi lending hub on Bitcoin with a fully-fledged liquidity pool and an Aave-like expertise on native Bitcoin.
“This funding spherical brings us one step nearer to delivering a platform the place customers can seamlessly present liquidity to earn passive revenue or borrow belongings safely and over-collateralized. We’ve the crew, traders and braveness to execute on that imaginative and prescient.”
AAVE is the biggest Ethereum lending protocol, managing over $13 billion in belongings, in keeping with knowledge from DeFillama.
The seed funding is due to this fact geared toward serving to Liquidium develop as a prime Bitcoin lending protocol. This coincides with the corporate's latest launch of its Rune borrowing and lending service, demonstrating its dedication to steady enchancment and trade management.
Liquidium has already established itself because the premier DeFi platform for peer-to-peer Bitcoin lending. Customers can borrow and lend Bitcoin utilizing Bitcoin-based belongings comparable to Ordinals and Runes as collateral. The method makes use of Partially Signed Bitcoin Transactions (PSBTs) and Discreet Log Contracts (DLC) on the Layer-1 Bitcoin community.
Notably, the protocol has built-in compatibility with Unisat and Leather-based wallets and plans to include BRC-20 belongings in addition to further wallets comparable to OKX and Phantom sooner or later. The corporate says these strikes will additional improve accessibility and broaden the Bitcoin ecosystem into new markets.
Disclosure: currencyjournals CEO Nate Whitehill is an angel investor in Liquidium.
