Liquidium Raises $2.75 Million in Seed Round to Become Leading DeFi Hub in Bitcoin Ecosystem
Liquidium, a lending platform, has secured $2.75 million in a seed round to solidify its position as a prominent DeFi hub within 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 saw participation from angel investors such as Dingaling, Frank DeGods, Beanie, Cirrus, ThreadGuy, FAR (Co-Founder of Taproot Wizards), Anthony Newman, Dr. Jingle, NFTboi, CryptoSlate CEO Nate Whitehill, and Kraken’s Dan Held.
Aave-like Experience
Robin Obermaier, CEO of Liquidium, expressed his vision for the platform to offer an Aave-like experience on Bitcoin with the funds raised. He stated:
“I envision Liquidium to be the DeFi lending hub on Bitcoin with fully fledged liquidity pools to offer experiences like Aave, but on native Bitcoin. This funding round brings us closer to realizing a platform where users can seamlessly supply liquidity to earn passive income or borrow assets in a secure, overcollateralized manner. We have the team, the investors, and the guts to execute on that vision.”
With data from DeFillama indicating AAVE as the leading Ethereum lending protocol with over $13 billion in assets under management, the seed funding aims to propel Liquidium as a premier Bitcoin lending protocol. Recently, the platform launched its Rune borrowing and lending services, showcasing its dedication to enhancement and innovation.
Liquidium has carved a niche for itself as the go-to DeFi platform for peer-to-peer Bitcoin lending. It allows users to borrow or lend Bitcoin using Bitcoin-based assets like Ordinals and Runes as collateral, utilizing Partially Signed Bitcoin Transactions (PSBTs) and Discreet Log Contracts (DLCs) on the Layer 1 Bitcoin network.
The platform is also compatible with Unisat and Leather wallets, with plans to integrate BRC-20 assets and additional wallets like OKX and Phantom for increased accessibility and market expansion in the future.
Disclosure: CryptoSlate CEO Nate Whitehill is an angel investor in Liquidium.
