hackvc

ChainCatcher news, the DeFi lending platform Archimedes has announced the completion of a $4.9 million seed round financing, led by Hack VC, with participation from Unassociated Venture, Psalion, Truffle Ventures, Cogitent Ventures, Haven VC, and Palsar.Archimedes' decentralized finance lending platform will launch this month. Archimedes offers users the opportunity to multiply their original yield, and users leveraging the platform will receive an NFT representing a yield-generating stablecoin position, with leverage up to 10 times the amount of the principal collateral. (source link)

ChainCatcher news, the cross-chain bridge Across Protocol has raised $10 million at a valuation of $200 million, with participation from Hack VC, Placeholder, and Blockchain Capital. The investment was made in the form of these three venture capital firms purchasing 50 million ACX from Risk Labs under the "Success Token" scheme. Each token will mature on June 30, 2025, returning 1 ACX and a call option for 1 ACX priced at $0.50.It is reported that the Success Token is a fundraising solution proposed by the synthetic asset protocol UMA, allowing funds to be raised without providing token discounts. (source link)