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Element Finance Snags $4.4 Million In Seed Round From A16z And Placeholder

Mary Liu

Summary: DeFi yield protocol Element Finance announced on Wednesday that it has completed a $4.4 million seed round led by a16z and Placeholder. Investors such as SV Angel, A.Capital, Scalar Capital and Robot Ventures participated in the investment.  Element Finance is an open, community-managed agreement that aims to achieve financial freedom and bring liquidity into the ...

DeFi yield protocol Element Finance announced on Wednesday that it has completed a $4.4 million seed round led by a16z and Placeholder. Investors such as SV Angel, A.Capital, Scalar Capital and Robot Ventures participated in the investment. 

Element Finance is an open, community-managed agreement that aims to achieve financial freedom and bring liquidity into the fixed-rate income and interest market.

The team wants to provide DeFi users with high fixed-rate income, maximizing capital efficiency, and creating market liquidity while reducing user costs. Users of its platform will be able to purchase BTC, ETH and USDC at discounted prices without a fixed lock-up period, and easily swap between assets at any time.

By Mary Liu

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