Echelon (Seed)
Funding Details
- Awarder
- Inbox
- Date Award
- August 28, 2024
- Vertical
- Finance
- Funding URL
- View Funding Page
- Funding Amount:
- $3,500,000
Company Info
- Company Description
- Echelon is a high efficiency money market that facilitates the borrowing and lending of assets via non-custodial pools, enabling users to earn interest and increase buying power via leverage. Positions are overcollateralized to protect lenders while offering the highest capital efficiency for borrowers. The protocol is complete with isolated pools for long tail assets and one click strategies for leverage staking and RWA backed vaults such as leveraged treasuries.
- Market
- Money Market
- Location
- San Francisco, CA, USA
- Coinvestors
- Amber Group, Interop Ventures, Laser Digital, Re7, Saison Capital, Selini Capital