Key Takeaway:
Decentralized lending protocol Echelon secured $3.5 million in seed funding to enhance the DeFi ecosystem. The platform plans to expand its offerings, team, and implement new strategies.
Revolutionizing DeFi lending on Move-based blockchains
Echelon raises $3.5 million in seed funding led by Amber Group to boost the DeFi lending space on Move-based blockchains. The platform aims to promote decentralized finance by expanding its product offerings and team.
Expanding DeFi products across different ecosystems
Echelon is set to bring its lending platform to Aptos (APT) and other proof-of-stake blockchains using the Move programming language. With a focus on staking and real-world assets, Echelon aims to bridge Move-based platforms and Ethereum ecosystems for further growth.
Strategic partnerships drive Echelon’s growth
Aside from Amber Group, Echelon’s seed round attracted key partners like Laser Digital, Selini Capital, Interop Ventures, Saison Capital, and Re7. These strategic collaborations position Echelon for future success in the DeFi space.
