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Multicoin Capital Backs DeFi Lending Protocol Swivel Finance In $1.15 Million Seed Funding

Mary Liu

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

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Link: Multicoin Capital Backs DeFi Lending Protocol Swivel Finance In $1.15 Million Seed Funding   [Copy]
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