The credit delegation layer project Twyne has completed its seed round financing, with Cyber Fund and Ethereal Ventures co-leading the investment

According to official news, the credit delegation layer project Twyne announced the completion of its seed round financing, which was co-led by Cyber Fund and Ethereal Ventures. Twyne aims to build a Credit Delegation Layer that connects idle credit in the lending market with parties in need of credit, addressing the issue of collateral depositors' credit being locked and half of the market's credit being idle while the other half urgently needs credit.

Twyne stated that in the current lending market, credit often remains with the party depositing collateral, leading to a mismatch between supply and demand. The project will promote the flow and efficient allocation of credit through the credit delegation layer.