2 months ago
Liquidium, a lending platform, has raised $2.75 cardinal successful a effect circular to found itself arsenic a starring DeFi hub successful the Bitcoin ecosystem.
Investors successful the circular see Wise 3 Ventures, Portal Ventures, Asymmetric Capital, AGE Fund, NGC Ventures, CMS Holdings, Newman Capital, VidenVC, and DeGods. The circular besides included angel investors similar Dingaling, Frank DeGods, Beanie, Cirrus, ThreadGuy, FAR (Co-Founder 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, said the backing would assistance the level execute his imaginativeness of providing an Aave-like acquisition connected Bitcoin. He stated:
“I envision Liquidium to beryllium the DeFi lending hub connected Bitcoin with afloat fledged liquidity pools to connection experiences similar Aave, but connected autochthonal Bitcoin.
This backing circular brings america person to realizing a level wherever users tin seamlessly proviso liquidity to gain passive income oregon get assets successful a secure, overcollateralized manner. We person the team, the investors, and the guts to execute connected that vision.”
According to DeFillama data, AAVE is the largest Ethereum lending protocol, with implicit $13 cardinal worthy of assets nether its management.
So, the effect backing aims to enactment Liquidium’s maturation arsenic a apical Bitcoin lending protocol. This aligns with the caller motorboat of its Rune borrowing and lending services, showcasing its committedness to continuous betterment and manufacture leadership.
Liquidium has already established itself arsenic the premier DeFi level for peer-to-peer Bitcoin lending. It enables users to get oregon lend Bitcoin utilizing Bitcoin-based assets similar Ordinals and Runes arsenic collateral. The process utilizes Partially Signed Bitcoin Transactions (PSBTs) and Discreet Log Contracts (DLCs) connected the Layer 1 Bitcoin network.
Notably, the protocol has integrated compatibility with Unisat and Leather wallets and plans to incorporated BRC-20 assets and further wallets similar OKX and Phantom successful the future. According to the firm, these moves volition further heighten accessibility and grow the Bitcoin ecosystem to caller markets.
Disclosure: CryptoSlate CEO Nate Whitehill is an angel capitalist successful Liquidium.
The station Liquidium’s $2.75M effect circular aims to bring Aave-like acquisition to Bitcoin appeared archetypal connected CryptoSlate.
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