Express
Multicoin Capital Backs DeFi Lending Protocol Swivel Finance In $1.15 Million Seed Funding
Summary: Swivel Finance, a DeFi lending protocol announced the completion of a $1.15 million seed round led by Multicoin Capital. Venture capitals such as Electric Capital, CMS Holdings, Defiance Capital and many angel investors also participated in this round of financing. Swivel is a decentralized protocol for fixed-rate loans and interest-rate derivatives, which allows lenders to ...
Swivel Finance, a DeFi lending protocol announced the completion of a $1.15 million seed round led by Multicoin Capital. Venture capitals such as Electric Capital, CMS Holdings, Defiance Capital and many angel investors also participated in this round of financing.
Swivel is a decentralized protocol for fixed-rate loans and interest-rate derivatives, which allows lenders to lock in the fixed interest rate of their ERC-20 tokens with lower costs and risks. Swivel will use the new funds to expand the development team and launch the protocol on the Ethereum mainnet in near future.
By Mary Liu
Tags: CMS Holdings,DeFi,DeFi Lending,Defiance Capital,electric capital,Ethereum,Multicoin Capital,Swivel Finance
Link: Multicoin Capital Backs DeFi Lending Protocol Swivel Finance In $1.15 Million Seed Funding [Copy]
