The DeFi platform dAMM has completed a $2 million private fundraising round, with participation from WOO Network and others

According to ChainCatcher news and a report by Decrypt, the institutional DeFi lending platform dAMM Finance announced the completion of a $2 million private token sale round, with participation from Prismatic, WOO Network, LedgerPrime, Fischer8, Concave, Berachain, and System 9, Inc.

It is reported that dAMM was launched in September this year and is an unsecured lending platform that adopts a "hybrid centralized-decentralized" model, suitable for any token with algorithmically determined interest rates. Market makers and investors can borrow dAMM from tokens with liquidity pools on the platform, including stablecoins such as USDC, DAI, USDT, and LUSD, as well as tokens like AAVE, ANGLE, MATIC, ETH, and LINK. (Source link)