- The protocol intends to open up new markets and improve the accessibility of Bitcoin DeFi.
The lending platform Liquidium has become a prominent DeFi hub in the Bitcoin ecosystem by raising $2.75 million in a seed round.
Among the investors in the round are Wise 3 Ventures, Portal Ventures, Asymmetric Capital, AGE Fund, NGC Ventures, CMS Holdings, Newman Capital, VidenVC, and DeGods. Angel investors in the round included Dan Held of Kraken, Frank DeGods, Dingaling, Beanie, Cirrus, ThreadGuy, FAR (Co-Founder of Taproot Wizards), Anthony Newman, Dr. Jingle, NFTboi, and CEO of CryptoSlate, Nate Whitehill.
Aave-like encounter
The CEO of Liquidium, Robin Obermaier, stated that the money will enable the platform to realize his goal of offering a Bitcoin experience like to Aave.
AAVE is the biggest Ethereum lending system, managing assets valued at over $13 billion, according to data from DeFillama.
Thus, the goal of the seed money is to help Liquidium become a leading Bitcoin lending system. This is consistent with its recent introduction of Rune lending and borrowing options, which highlights its dedication to industry leadership and ongoing development.
Liquidium has emerged as the top DeFi platform for peer-to-peer Bitcoin lending since its introduction. With Bitcoin-based assets like Ordinals and Runes serving as collateral, it allows users to lend or borrow Bitcoin. On the Layer 1 Bitcoin network, the procedure makes use of Discreet Log Contracts (DLCs) and Partially Signed Bitcoin Transactions (PSBTs).
The protocol is noteworthy for its integrated compatibility with Unisat and Leather wallets, as well as its future intentions to integrate BRC-20 assets and other wallets such as OKX and Phantom. The company claims that these actions will improve accessibility even further and open up the Bitcoin ecosystem to new markets.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments
