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DeFi Project Swivel Finance Raises $3.5M

Liang Che

Summary: According to Bitpush, Tokenized cash-flow DeFi project Swivel Finance Raises $3.5M to continue building out its tokenized cash-flow and fixed-rate lending service. Multicoin Capital, GSR Markets, SCC Investments, CMT Digital, OKEx Ventures, Fenbushi Capital, IOSG Ventures, and SevenX Ventures participated in this funding round.  Swivel uses a two-token model to achieve a fixed-interest yield, in ...

According to Bitpush, Tokenized cash-flow DeFi project Swivel Finance Raises $3.5M to continue building out its tokenized cash-flow and fixed-rate lending service. Multicoin Capital, GSR Markets, SCC Investments, CMT Digital, OKEx Ventures, Fenbushi Capital, IOSG Ventures, and SevenX Ventures participated in this funding round. 

Swivel uses a two-token model to achieve a fixed-interest yield, in contrast to the likes of Aave, which offers just one. The two tokens on Swivel are called “nTokens” and “zcTokens,” with the former behaving in a similar manner to a traditional yield-bearing token.

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