DeFi mortgage protocol PWN completes over $2 million in financing, with participation from StarkWare, Nethermind, and others.

Odaily News According to official sources, DeFi mortgage protocol PWN announced the completion of a financing round of over $2 million. Angel investors including StarkWare, Nethermind, Safe Ecosystem Foundation, Digital Finance Group, Jsquare, as well as Patricio Worthalter (POAP), Christoph Jentzsch (Founder of Slock.it), Danny Ryan, Tim Beiko (Ethereum Foundation), Alex Van de Sande (ENS delegate), Lefteris Karapetsas (Founder of Rotki), and others participated in the investment.



These funds will drive PWN to realize its mission of decentralized digital asset mortgage financing and launch the community-driven PWN DAO. It is reported that PWN supports users to use NFT or any token as collateral, invest in fixed interest loans, and generate returns. PWN DAO is responsible for supervising the operation of the PWN protocol and the related tools developed by the team, such as PWN Safe or token bundler.



PWN DAO is committed to improving the accessibility of PWN, including developing additional features, expanding deployment to other EVM compatible chains, improving collateral valuation, and allowing more customizable borrowing and lending processes.



Furthermore, PWN's goal remains to support community activities and hackathons to promote innovation and lower the barriers for new users to use DeFi.