Following the recent funding round, liquidity Protocol that provides interest free borrowing on the Ethereum network intends to enlarge the ecosystem and hire more resources.
Over $6 million has been secured by Defi lending platform, to expand its on chain borrowing services and this lends credence to the continued development of loan in cryptocurrency.
However, with additional contribution from Alameda Research, Greenfieldone, Nima Capital and IOSG, the funding round was led by Pantera Capital, a crypto-based venture capital firm, Also, in contribution to the raise are David Holfman, Calvin Liu and Meltem Demirors.
Pursuing liquidity mission, improving access to on-chain borrowing, minimizing governance in DeFi and removing interest rates is the gravamen of the new funding round according to Protocol;s CEO, Robert Lauko.
On collateralized loans backed by Ethereum, liquidity provides interest free borrowing g, Switzerland. The loans collected are paid in a dollar pegged stablecoin, LUSD and which a minimum collateral ration of 110% is required.
On April 5th, The company will go live on Ethereum mainnet.