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Atomics Loans Raises $2.45M To Build A Decentralized Lending Protocol For Bitcoin

Roland James

Summary: Atomics Loans, a startup which lets users deposit bitcoin and take out DAI and USDC loans, has raised $2.45 million in a seed round led by Initialized Capital. The Toronto-based startup provides a DeFi lending experience for BTC holders; users can lock BTC in an on-chain escrow and take out DAI or USDC loans or lend out ...

Atomics Loans, a startup which lets users deposit bitcoin and take out DAI and USDC loans, has raised $2.45 million in a seed round led by Initialized Capital.

The Toronto-based startup provides a DeFi lending experience for BTC holders; users can lock BTC in an on-chain escrow and take out DAI or USDC loans or lend out their DAI to earn interest.

The company also received funding from ConsenSys, Morgan Creek Digital and enterprise blockchain startup Bison Trails founders Joe Lallouz and Aaron Henshaw.

By Roland James

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Link: Atomics Loans Raises $2.45M To Build A Decentralized Lending Protocol For Bitcoin   [Copy]
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