Moma Protocol completes $2.25M funding round to build liquidity platform for long-tail DeFi lending » CryptoNinjas
Moma Protocol, a decentralized liquidity solution that aggregates DeFi lending markets, today announced it has completed a USD $2.25 million round of funding; led by Fundamental Labs and SevenX Ventures. Incubated and supported by Lichang, a community app with over a million registered users; Moma Protocol aims to enrich DeFi lending by opening up new lending markets for long-tail digital assets.
“I believe that the goal that Moma Protocol wants to achieve is to create an expandable, scalable, and flexible infrastructure for the DeFi world in 5-10 years; in a way that everyone can freely participate. I am optimistic about the DeFi ecology and the lending scenario, and I am happy to be able to drive Moma Protocol to explore the future with the infinite liquidity-generating factory model that fascinates me the most. We are ready to set sail!”
– Moma Protocol Founder and CEO, Ocean Liao
Investors in this round include Fundamental Labs, SevenX Ventures, as well as other investors including AU21 Capital, Blocksync Ventures, BuildingBlocks, Coins Group, Consensus Investment, DFG Capital, FBG Capital, Finlink Capital, Lotus Capital, Magnus Capital, Moonrock Capital, Moonwhale Ventures, Oasis Capital, Spark Digital Capital, Waterdrip Capital, X21 Digital and Zee Prime Capital.