DeFi lending platform Archimedes completes $4.9 million seed round financing, led by Hack VC

2023-02-02 09:07:03

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ChainCatcher news, the DeFi lending platform Archimedes has announced the completion of a $4.9 million seed round financing, led by Hack VC, with participation from Unassociated Venture, Psalion, Truffle Ventures, Cogitent Ventures, Haven VC, and Palsar.

Archimedes' decentralized finance lending platform will launch this month. Archimedes offers users the opportunity to multiply their original yield, and users leveraging the platform will receive an NFT representing a yield-generating stablecoin position, with leverage up to 10 times the amount of the principal collateral. (source link)

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