DeFi
Liquidium’s $2.75M funding round aims to bring Aave-like experience to Bitcoin
Lending platform Liquidium has raised $2.75 million in a seed funding round to establish itself as a leading DeFi hub in the Bitcoin ecosystem.
Investors in the round include Wise 3 Ventures, Portal Ventures, Asymmetric Capital, AGE Fund, NGC Ventures, CMS Holdings, Newman Capital, VidenVC, and DeGods. The round also included angel investors Dingaling, Frank DeGods, Beanie, Cirrus, ThreadGuy, FAR (co-founder of Taproot Wizards), Anthony Newman, Dr. Jingle, NFTboi, CEO of CryptoSlate Nate Whitehill and the Kraken Dan Held.
Aave-like experience
Robin Obermaier, CEO of Liquidium, said the funding would help the platform realize its vision of delivering an Aave-like experience on Bitcoin. He said:
“I envision Liquidium being the hub of DeFi lending on Bitcoin with full-fledged liquidity pools to deliver experiences like Aave, but on native Bitcoin.
“This funding round brings us closer to realizing a platform where users can easily provide liquidity to earn passive income or borrow assets in a secure and over-collateralized manner. We have the team, the investors, and the courage to realize this vision.”
According to data from DeFillama, AAVE is the largest Ethereum lending protocol, with over $13 billion in assets under management.
Thus, the seed funding aims to support Liquidium’s growth as a leading Bitcoin lending protocol. This aligns with the recent launch of its Rune borrowing and lending services, demonstrating its commitment to continuous improvement and industry leadership.
Liquidium has already established itself as the leading DeFi platform for peer-to-peer Bitcoin lending. It allows users to borrow or lend Bitcoin using Bitcoin-based assets like Ordinals And The Runes as collateral. The process uses Partially Signed Bitcoin Transactions (PSBTs) and Discrete Log Contracts (DLCs) on the Layer 1 Bitcoin network.
The protocol has notably integrated compatibility with Unisat and Leather wallets and plans to integrate BRC-20 assets and additional wallets like OKX and Phantom in the future. According to the company, these measures will further improve accessibility and expand the Bitcoin ecosystem to new markets.
Disclosure: CryptoSlate CEO Nate Whitehill is an angel investor in Liquidium.