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.
Traders within the spherical embody Sensible 3 Ventures, Portal Ventures, Assymetric Capital, AGE Fund, NGC Ventures, CMS Holdings, Newman Capital, VidenVC and DeGods. The spherical additionally concerned angel buyers similar to Dingaling, Frank DeGods, Beanie, Cirrus, ThreadGuy, FAR (co-founder of Taproot Wizards), Anthony Newman, Dr. Jingle, NFTboi, Crypto CEO Nate Whitehill and Kraken’s Dan Held.
Aave-like expertise
Liquidium CEO Robin Obermaier mentioned the funding would assist the platform obtain its imaginative and prescient of offering an Aave-like expertise on Bitcoin. He claimed:
“I see Liquidium being the DeFi lending hub on Bitcoin, with full-fledged liquidity swimming pools to ship experiences like Aave, however on native Bitcoin.
This funding spherical brings us nearer to realizing a platform the place customers can seamlessly present liquidity to earn passive earnings or borrow property in a safe, over-collateralized method. We have now the group, the buyers and the braveness to execute that imaginative and prescient.”
In accordance with information from DeFillama, AAVE is the most important Ethereum lending protocol, with greater than $13 billion in property below administration.
Thus, the seed funding is meant to assist Liquidium’s progress as one of many premier Bitcoin lending protocols. This aligns with the current launch of its Rune borrowing and lending providers, demonstrating its dedication to steady enchancment and management within the trade.
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 similar to Ordinals and Runes as collateral. The method makes use of Partially Signed Bitcoin Transactions (PSBTs) and Discrete 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 combine BRC-20 property and extra wallets similar to OKX and Phantom sooner or later. In accordance with the corporate, these steps will additional enhance accessibility and develop the Bitcoin ecosystem into new markets.
Disclosure: Crypto CEO Nate Whitehill is an angel investor in Liquidium.