BeraChain's ecological automated leverage protocol Origami Finance has completed a $1.5 million seed round financing

ChainCatcher news, the automated leverage protocol Origami Finance announced the completion of a $1.5 million seed round financing on platform X, with participation from Ouroboros Capital, Fjord Foundry, Good Partners, Upside, BeraLand, TempleDAO, Boba Tea Capital, Three Three Ventures, Smokey The Bera, janitooor.eth, among others. Relevant valuation information has not been disclosed, and the new funds will be used to build its automated leverage protocol launched on Ethereum and BeraChain.

It is reported that the protocol supports integration with third-party lending services, enabling automated exposure to Yield Bearing Tokens (YBT), thereby improving capital efficiency and reducing liquidation and bad debt risks.