Cypher Capital invests in $3.5 M seed funding round for Echelon

Cypher Capital invests in $3.5 M seed funding round for Echelon
фото показано с : invezz.com

2024-8-28 18:50

Cypher Capital, a multi-strategy crypto investment firm, today announced its role in a $3.5 million seed funding round for Echelon, an innovative decentralized lending protocol.

The seed round attracted additional support from strategic partners including Amber Group, Laser Digital, Saison Capital, Selini Capital, Interop Ventures, and Re7. 

This investment demonstrates Cypher Capital’s commitment to supporting advanced decentralized finance (DeFi) solutions and blockchain technology.

Echelon aims to enhance DeFi lending by improving capital efficiency, integrating with other DeFi applications, and providing innovative yield strategies on Move-based blockchains such as Movement and Aptos.

“Echelon has demonstrated that their project is truly driving innovation in the DeFi space,” said Harsh Agarwal, Investment Lead at Cypher Capital.

Echelon’s focus on capital efficiency, user-friendly design, and its potential to integrate real-world assets makes it a standout in the evolving DeFi landscape. We are excited to support their efforts in developing high-performance lending markets.

Echelon’s protocol features advanced functionalities including increased borrowing power on correlated assets, isolated pools for niche asset markets, and direct in-wallet integration for streamlined yield strategies.

The platform is designed to target institutional-grade markets while ensuring affordable borrowing rates and innovative yield opportunities.

“This funding will help us build additional lending and risk management products, expand to new networks, and provide global access to dollar-denominated yields,” said Glen Rose, cofounder of Echelon.

“We’re excited to build core primitives on high-performance Move-based chains.” 

With the new funding, Echelon plans to enhance its offerings by developing strategies backed by treasury and real-world assets (RWAs), implementing cross-chain deposit vaults, and expanding its team of full-stack and smart contract engineers.

The post Cypher Capital invests in $3.5 M seed funding round for Echelon appeared first on Invezz

Similar to Notcoin - Blum - Airdrops In 2024

origin »

First Bitcoin Capital (BITCF) на Currencies.ru

$ 0.01244 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0.01244 - H: $0.01244
Капитализация $0 Rank 99999
Доступно / Всего 0 BITCF

capital round seed cypher echelon funding amber

Источник: invezz.com

capital round → Результатов: 126


BEVM Bitcoin Layer2 Closes Seed Round with RockTree Capital, Sathoshi Lab & 20 Others

The Bitcoin Layer2 project BEVM has announced the completion of its seed round, and also a part of its Series A round, raising tens of million USD. The 20+ investors include RockTree Capital, Waterdrip Capital, Arkstream Capital, ViaBTC Capital, Satoshi Lab, Web3port, Cogitent Ventures, MH Ventures, Mapleblock, Electrum Capital, Zephyrus Capital, Lotus Capital, 7UPDAO, TimeTells … Continued The post BEVM Bitcoin Layer2 Closes Seed Round with RockTree Capital, Sathoshi Lab & 20 Others appeared first on BeInCrypto.

2024-3-26 15:27


Фото:

Chimeras Play-to-Earn Metaverse Project Successfully Raised Over $2M In Its Latest Fundraising Round

Chimeras is thrilled to announce that they have successfully completed their funding round that raised over $2 million. Chimeras’ funding round saw the participation of leading blockchain investors, which included AU 21, Poolz Master Ventures, Panda Capital, BullPerks, X21, OIG Invest, LVT Capital, Otis Capital, Shima Capital, and Lotus Capital. As per the announcement, the […]

2021-10-19 18:57


Фото:

Chimeras Play-to-Earn Metaverse Raised Over $2 Million During Successful Funding Round

October 18th, 2021 – The Chimeras Play-to-Earn metaverse project has completed its funding round with the participation of leading blockchain venture companies, including, amongst many others, Master Ventures, AU 21, Poolz, BullPerks, X21, OIG Invest, Panda Capital, Shima Capital, LVT Capital, Otis Capital and Lotus Capital.

2021-10-19 02:00


Фото:

Amasa’s Funding Round Raises $1.5 Million To Help Enhance Micro Income Stream Investments

Amasa is happy to announce it has completed its funding round raising $1.5 million from notable venture capital firms and investors. As per the announcement, those who participated in the funding round include Animoca Brands, Polygon’s Sandeep Nailwhal, Momentum 6, Polygon, OKEx Block Dream Ventures, and Moonwhale Ventures, SkyVision Capital, Yield Guild Games, Spark Digital Capital, […]

2021-9-22 01:20


Blockchain Platform Solana Acquires $20M In A Funding Round Spearheaded By Multicoin Capital

Blockchain platform Solana has raised $20 million in a Series A round led by Multicoin Capital. Cointelegraph reports that the round also saw participation from Distributed Global, Blocktower Capital, Foundation Capital, Blockchange VC, Slow Ventures, NEO Global Capital, Reciprocal Capital, Passport Capital, Rockaway Ventures, Kevin Rose, and Lyndon Rive. According to Solana it is the […]

2019-7-31 23:43


Solana ready to launch first “web-scale” blockchain as it closes $20 million funding

Solana ready to launch first “web-scale” blockchain as it closes $20 million funding » CryptoNinjas Solana, a web-scale blockchain, announced today it has raised $20 million in a Series A round led by Multicoin Capital, with participation from Distributed Global, Blocktower Capital, Foundation Capital, Blockchange VC, Slow Ventures, NEO Global Capital, Passport Capital, and Rockaway Ventures.

2019-7-30 20:02


Фото:

Reddit Co-Founder Ohanian Leads Seed Round for Blockchain Gaming Startup Horizon

According to a post published July 17, 2019 on BusinessWire, the video game studio and blockchain infrastructure company Horizon Blockchain Games (Horizon) raised $3. 75 million in a seed round, led by Reddit co-founder Alexis Ohanian’s venture fund, Initialized, with participation from Golden Ventures, Polychain, Coinbase, Digital Currency Group, and Inovia Capital.

2019-7-18 19:00


Alibaba’s Affiliate Ant Financial Backs Multi-Million Dollar Blockchain Privacy Project QEDIT

Ant Financial, an affiliate of e-commerce giant Alibaba, among other investors, are pulling their weight behind QEDIT, a developer of privacy technology for enterprise blockchains. The $10 million investment round was led by MizMaa Ventures, Meron Capital, Collider Ventures, as well as other big establishments, according to reports on May 7, 2019. Effective Collaboration Per […]

2019-5-7 20:48


Фото:

Братья Уинклвоссы инвестировали в стартап, который задействует природный газ для майнинга криптовалют

Стартап Crusoe Energy Systems Inc. привлек $4,5 млн в рамках сид-раунда финансирования, который возглавили компания Bain Capital Ventures и подразделение Pathfinder в составе Founders Fund Питера Тиля.

2019-5-7 11:55


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Lending protocol Echelon launches debt-driven Move appchain

Echelon, a decentralized lending protocol on Aptos, has launched Echelon Chain, a debt-driven Move appchain. The appchain, built on Initia’s Interwoven Stack, leverages Celestia’s modular blockchain technology, the Echelon team announced on Nov.

DeSci project Pump Science exploited following private key leak

Decentralized science platform Pump Science has warned users of fraudulent tokens deployed via its Pump.fun account after its private key was leaked on GitHub. According to a Nov. 27 announcement, the attacker managed to acquire private keys linked to its…

Volatility expected as Bitcoin nears $100k: OKX CMO

Haider Rafique, Global Chief Marketing Officer at OKX, has warned of heightened volatility as Bitcoin approaches the $100,000 mark. Bitcoin (BTC) rallied close to the $100,000 mark last week but fell short of breaking this psychological resistance level and had…

Phantom wallet goes live on Base blockchain

Phantom Wallet has expanded to Coinbase-developed Ethereum layer-2 network Base as a part of its multi-chain expansion plans. After rolling out beta support for Base last month, Phantom announced on Nov.