- Moma Protocol introduced just lately that it closed $2.25 million in funding. These are the main points.
Moma Protocol — an answer to unravel scalability, liquidity, and hypothesis wants within the present DeFi lending market — introduced just lately that it has accomplished a $2.25 million {dollars} spherical of funding led by Elementary Labs and SevenX Ventures.
The traders on this spherical embrace Elementary Labs and SevenX Ventures in addition to different traders together with AU21 Capital, Blocksync Ventures, BuildingBlocks, Cash Group, Consensus Funding, DFG Capital, FBG Capital, Finlink Capital, Lotus Capital, Magnus Capital, Moonrock Capital, Moonwhale Ventures, Oasis Capital, Spark Digital Capital, Waterdrip Capital, X21 Digital and Zee Prime Capital.
Moma Protocol is thought for creating, managing, accelerating, and aggregating lending markets by means of a proprietary sensible contract manufacturing unit, thus creating an ecosystem that permits for the infinite enlargement of lending liquidity and market range. And Moma Protocol was incubated and supported by Lichang, a group App with over one million registered customers. For the reason that protocol’s idea inception, the idea of “bettering the scalability of the DeFi lending market” has been favored by the crypto market and acknowledged by the group.
With an ecosystem with limitless enlargement of lending liquidity and market range, Moma Protocol can enrich the DeFi lending market by opening up new lending markets for long-tail digital property.
KEY QUOTES:
“As a very powerful basis pillar of DeFi structure – the lending settlement, Moma has made a novel and permissionless innovation right here, which tremendously enriches the variety of the market. It has big potentials to change into a scalable platform protecting each the mainstream and lengthy tail digital property.”
— SevenX’s spokesperson
“The DeFi market has seen explosive development over the previous yr, with increasingly property being swept up within the DeFi wave. Moma Protocol meets the lending wants of long-tail property by offering a proprietary sensible contract manufacturing unit that mixes the strengths of Uniswap and Compound, to provide a vast variety of customizable lending swimming pools, thereby bringing extra property into the present lending market to extend the liquidity, range and scalability of the DeFi ecosystem, which is one thing to sit up for.”
— FBG’s founder Shuji Zhou
“I consider that the aim that Moma Protocol needs to attain is to create an expandable, scalable and versatile infrastructure for the DeFi world in 5-10 years, in a approach that everybody can freely take part. I’m optimistic in regards to the DeFi ecology and the lending state of affairs, and I’m pleased to have the ability to drive Moma Protocol to discover the longer term with the infinite liquidity-generating manufacturing unit mannequin that fascinates me essentially the most. We’re able to set sail!”
— Moma Protocol’s Founder and CEO Ocean Liao
