Liquidium, a lending platform, has raised $2.75 million in a seed spherical to determine itself as a number one DeFi hub within the Bitcoin ecosystem.
Traders within the spherical embody Smart 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, CryptoSlate CEO Nate Whitehill and Kraken’s Dan Held.
Aave-like expertise
Robin Obermaier, Liquidium’s CEO, mentioned 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 property in a safe, overcollateralized method. We’ve got the group, the traders, and the heart to execute on that imaginative and prescient.”
In accordance with DeFillama knowledge, AAVE is the most important Ethereum lending protocol, with over $13 billion price of property below its administration.
So, the seed funding goals to help Liquidium’s development as a high Bitcoin lending protocol. This aligns with the current launch of its Rune borrowing and lending companies, 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 property 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 property and extra wallets like OKX and Phantom sooner or later. In accordance with the agency, these strikes will additional improve accessibility and broaden the Bitcoin ecosystem to new markets.
Disclosure: CryptoSlate CEO Nate Whitehill is an angel investor in Liquidium.
