Liquidium, a lending platform, has raised $2.75 million in a seed round to set up itself as a number one DeFi hub within the Bitcoin ecosystem.
Buyers within the round embrace Smart 3 Ventures, Portal Ventures, Uneven Capital, AGE Fund, NGC Ventures, CMS Holdings, Newman Capital, VidenVC, and DeGods. The round additionally included angel traders like Dingaling, Frank DeGods, Beanie, Cirrus, ThreadGuy, FAR (Co-Founding father of Taproot Wizards), Anthony Newman, Dr. Jingle, NFTboi, CryptoSlate CEO Nate Whitehill and Kraken’s Dan Held.
Aave-like experience
Robin Obermaier, Liquidium’s CEO, stated the funding would assist the platform obtain his imaginative and prescient of offering an Aave-like experience on Bitcoin. He said:
“I envision Liquidium to be the DeFi lending hub on Bitcoin with fully fledged liquidity pools to offer experiences like Aave, but on native Bitcoin.
This funding round brings us closer to realizing a platform where users can seamlessly supply liquidity to earn passive income or borrow assets in a secure, overcollateralized manner. We have the team, the investors, and the guts to execute on that vision.”
In accordance to DeFillama knowledge, AAVE is the biggest Ethereum lending protocol, with over $13 billion price of property beneath its administration.
So, the seed funding aims to help Liquidium’s progress as a high Bitcoin lending protocol. This aligns with the current launch of its Rune borrowing and lending companies, showcasing its dedication to steady enchancment and business management.
Liquidium has already established itself because the premier DeFi platform for peer-to-peer Bitcoin lending. It permits customers to borrow or lend Bitcoin utilizing Bitcoin-based property like Ordinals and Runes as collateral. The method makes use of Partially Signed Bitcoin Transactions (PSBTs) and Discreet Log Contracts (DLCs) on the Layer 1 Bitcoin community.
Notably, the protocol has built-in compatibility with Unisat and Leather-based wallets and plans to incorporate BRC-20 property and extra wallets like OKX and Phantom sooner or later. In accordance to the agency, these strikes will additional improve accessibility and broaden the Bitcoin ecosystem to new markets.
Disclosure: CryptoSlate CEO Nate Whitehill is an angel investor in Liquidium.
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