Origami Finance Completes $1.5 Million Seed Funding Round to Accelerate Development of Automated Leveraged Protocols
Publication Time:2024-08-27 09:41:09
Automated leveraged protocol Origami Finance recently announced the completion of a $1.5 million seed funding round. This investment was participated in by several well-known institutions and investors, including Ouroboros Capital, Fjord Foundry, Good Partners, Upside, BeraLand, TempleDAO, Boba Tea Capital, Three Three Ventures, Smokey The Bera, and janitooor.eth. The funds from this funding round will be used to accelerate the development of its automated leveraged protocols on the Ethereum and Berachain platforms. These protocols have the capability to integrate with third-party lending services, enabling automated management of Yield-Bearing Token (YBT) exposure, which can improve capital efficiency and reduce liquidation and bad debt risks. Through this funding round, Origami Finance is expected to further expand its market influence and promote innovation and technological applications in the financial sector.
Berachain
Seed Funding
Origami Finance
Automated Leveraged Protocols
Capital Integration