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 within the spherical embody Sensible 3 Ventures, Portal Ventures, Uneven Capital, AGE Fund, NGC Ventures, CMS Holdings, Newman Capital, VidenVC, and DeGods. The spherical additionally included angel traders like Dingaling, Frank DeGods, Beanie, Cirrus, ThreadGuy, FAR (Co-Founding father of Taproot Wizards), Anthony Newman, Dr. Jingle, NFTboi, Crypto CEO Nate Whitehill and Kraken’s Dan Held.
Aave-like expertise
Robin Obermaier, Liquidium’s CEO, stated the funding would assist the platform obtain his imaginative and prescient of offering an Aave-like expertise on Bitcoin. He said:
“I envision Liquidium to be the DeFi lending hub on Bitcoin with absolutely fledged liquidity swimming pools to supply 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 earnings or borrow belongings in a safe, overcollateralized method. We have now the crew, the traders, and the heart to execute on that imaginative and prescient.”
In keeping with DeFillama information, AAVE is the most important Ethereum lending protocol, with over $13 billion price of belongings below its administration.
So, the seed funding goals to help Liquidium’s progress as a prime Bitcoin lending protocol. This aligns with the current launch of its Rune borrowing and lending providers, showcasing its dedication to steady enchancment and trade 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 belongings 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 include BRC-20 belongings and extra wallets like OKX and Phantom sooner or later. In keeping with the agency, these strikes will additional improve accessibility and develop the Bitcoin ecosystem to new markets.
Disclosure: Crypto CEO Nate Whitehill is an angel investor in Liquidium.
