The NFT lending protocol Spice Finance has completed a $1.7 million financing round, led by Shima Capital

2022-10-28 15:30:12

Collection

ChainCatcher news, NFT lending market aggregator and liquidity routing protocol Spice Finance announced the completion of a $1.7 million financing round, led by Shima Capital, with participation from ProtoFund, Big Brain Holdings, Delta Blockchain Fund, Side Door Ventures, Nxgen, Hypotenuse Labs, Origin Protocol, Orrick, Crest Group, and others. The protocol is set to launch in the coming months.

It is reported that Spice Finance will first introduce yield optimizers and liquidity routing protocols for the NFT lending market, helping lenders to passively deploy funds into the NFT market for returns. Spice Finance plans to improve the complex and time-consuming non-profit lending process by aggregating all outstanding loans and pools, developing algorithmic lending strategies, and providing users with a simple and transparent treasury. (source link)

Related tags

NFT SpiceFinance ShimaCapital

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.