Cointelegraph.comdecentralized financeDeFiEthereum 2.0LoansPantera Capital

Pantera Capital backs Liquidity Protocol’s $6M Series A funding round

Liquidity Protocol, which provides interest-free borrowing on the Ethereum network, plans to expand its ecosystem and hire more resources following the latest funding round.
DeFi lending platform Liquidity Protocol has secured $6 million in Series A funding to expand its on-chain borrowing services, underscoring the continued growth of cryptocurrency loans. The funding round was led by Pantera Capital, a crypto-focused venture capital firm, with additional contributions from Nima Capital, Alameda Research, and IOSG, the company announced Monday. Angel investors including Meltem Demirors, David Hoffman and Calvin Liu also contributed to the raise. Liquity has raised $6M in Series A funding led by @PanteraCapital. Read the full announcement here:— Liquity (@LiquityProtocol) March 29, 2021
Robert Lauko, Liquidity Protocol’s CEO, said the new funding round “will allow us to continue pursuing Liquity’s mission of improving access to on-chain borrowing, removing interest rates, and minimizing governance in DeFi.”Incorporated in Zug, Switzerland, Liquidity provides interest-free borrowing on collateralized loans backed by Ethereum (ETH). Loans are paid in LUSD, a dollar-pegged stablecoin, and require a minimum collateral ratio of 110%. The company says its protocol will go live on the Ethereum mainnet on April 5. Although some of the hype has died down, DeFi remains one of the hottest corners of the cryptocurrency market. As of Monday, more than $78 billion was locked into DeFi protocols, according to industry data. As Cointelegraph recently reported, Binance Smart Chain-native DApps are leading the sector’s growth. DeFi lending and borrowing services are …
Story continues on Cointelegraph

Related posts
Altcoin WatchCointelegraph.comCryptocurrenciesCryptocurrency ExchangeDecentralized Exchangedecentralized financeDeFiEthereum 2.0MarketsneoOntology

Flamingo (FLM) TVL rises as Ethereum gas solutions remain elusive

Flamingo’s total value locked continues to rise as DeFi investors are attracted to the platform’s zero-fee transactions and high-yield liquidity pools. Yield farming has grown in popularity over the past year alongside the rise of decentralized finance, but recently the…
Binance CoinBitcoinCardanoChainlinkCointelegraph.comEthereumLitecoinMarketsPolkadotPrice analysisRippleTHETAUniswap

Price analysis 3/29: BTC, ETH, BNB, ADA, DOT, XRP, UNI, THETA, LTC, LINK

Bitcoin’s renewed push above the descending channel trendline suggests bulls are preparing to push BTC and altcoins to new highs. On Monday Visa Inc announced that it had launched a pilot program with to enable its partners to settle fiat…
acala networkAltcoinAltcoinsDeFiDOTPolkadot

Polkadot (DOT) Based DeFi Platform Acala Secures Rococo Parachain Slot 

Acala has announced via Twitter on March 26, 2021, that it has successfully secured a spot on Polkadot (DOT) Rococo testnet. Acala aims to create a cross-chain open financial hub on the Polkadot blockchain. Acala Live on Rococo Having successfully…