Liquidium, a lending platform, has raised $2.75 million in a seed spherical to ascertain itself as a number one DeFi hub within the Bitcoin ecosystem.
Buyers on this spherical embody Smart 3 Ventures, Portal Ventures, Uneven Capital, AGE Fund, NGC Ventures, CMS Holdings, Newman Capital, VidenVC and DeGods. The spherical additionally included angel buyers corresponding to Dingaling, Frank DeGods, Beanie, Cirrus, ThreadGuy, FAR (co-founder of Taproot Wizards), Anthony Newman, Dr. Jingle, NFTboi, fromcrypto CEO Nate Whitehill and Kraken's Dan Held.
Aave-like expertise
Robin Obermaier, CEO of Liquidium, stated the funding will assist the platform obtain its imaginative and prescient of offering a bitcoin expertise like Aave. He acknowledged:
“I envision Liquidium to be a Bitcoin DeFi lending hub with full liquidity swimming pools that can provide experiences like Aave however on native Bitcoin.
This funding spherical brings us nearer to realizing a platform the place customers can seamlessly provide liquidity to earn passive revenue or borrow belongings in a safe, over-collateralized method. We now have the workforce, the buyers and the braveness to appreciate this imaginative and prescient.”
In response to information from DeFillama, AAVE is the most important Ethereum lending protocol, managing greater than $13 billion in belongings.
So the purpose of the seed funding is to help the expansion of Liquidium as the most effective Bitcoin lending protocol. That is consistent with the latest launch of its Rune lending and borrowing companies, demonstrating its dedication to steady enchancment and business management.
Liquidium has already established itself because the main DeFi platform for peer-to-peer Bitcoin lending. It permits customers to borrow or lend Bitcoin utilizing Bitcoin-based belongings corresponding to Ordinals and Runes as collateral. This course of makes use of Partially Signed Bitcoin Transactions (PSBT) and Discrete Protocol Contracts (DLC) within the Layer 1 Bitcoin community.
The protocol has built-in compatibility with Unisat and Leather-based wallets and plans to combine BRC-20 belongings and different wallets like OKX and Phantom sooner or later. In response to the corporate, these steps will additional enhance accessibility and increase the Bitcoin ecosystem into new markets.
Disclosure: fromcrypto CEO Nate Whitehill is an angel investor in Liquidium.
