DeFi protocol AlloyX raises $2 million in funding, led by Hack VC.
2023-06-29 14:05
Odaily News: DeFi protocol AlloyX has completed a $2 million Pre-Seed funding round, led by Hack VC with participation from Circle Ventures, Digital Currency Group, Stratos, Lecca Ventures, MH Ventures, very early Ventures, Archblock, dao5, and Credix Finance.
Additionally, AlloyX has partnered with decentralized lending marketplace Credix Finance to create a real-world asset Vault. AlloyX's Vault combines Credix Finance's over-collateralized tokenized credit with smart contracts for tokenized US Treasury bonds.
The Vault aims to provide protocols, DAOs, and institutional investors in the DeFi space with access to real-world asset liquidity. AlloyX claims that users can create customized strategies by combining tokenized US Treasury bonds with a range of real-world assets to balance their yield and risk preferences within the DeFi Vault.
AlloyX's first real-world asset Vault is planned to launch in early Q3 and intends to integrate with other DeFi protocols later this year while introducing more investment Vaults. (The Block)
Additionally, AlloyX has partnered with decentralized lending marketplace Credix Finance to create a real-world asset Vault. AlloyX's Vault combines Credix Finance's over-collateralized tokenized credit with smart contracts for tokenized US Treasury bonds.
The Vault aims to provide protocols, DAOs, and institutional investors in the DeFi space with access to real-world asset liquidity. AlloyX claims that users can create customized strategies by combining tokenized US Treasury bonds with a range of real-world assets to balance their yield and risk preferences within the DeFi Vault.
AlloyX's first real-world asset Vault is planned to launch in early Q3 and intends to integrate with other DeFi protocols later this year while introducing more investment Vaults. (The Block)
Recommended Articles
