September 10, 2024
Ammalgam, a Decentralized Lending Exchange (DLEX), has announced the completion of a $2.5 million seed funding round, co-led by Lightspeed Faction and Framework Ventures, with additional support from Robot Ventures, Bodhi Ventures, NGC Ventures, DeWhales, Blockchain Founders Fund, and angel investors like Kain Warwick, Anton Bukov, Spencer Noon, and Jordi Alexander.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|---|
Ammalgam | $2.5M | September 10m 2024 | Seed Round | Lightspeed Faction, Framework Ventures | Lending |
The company plans to use this investment to grow and develop its protocol by hiring key talent and enhancing product development for current and future solutions. They also aim to conduct audits to ensure operational efficiency and invest in go-to-market strategies.
Founder Will Fey stated that Ammalgam is revolutionizing decentralized finance by improving capital efficiency without adding risks. Their innovative lending methods and advanced visualization tools provide users with easy access to sophisticated payouts and insights into the effects of price fluctuations and fees, enhancing the user experience in the DeFi ecosystem.
About Ammalgam
Ammalgam is a platform that combines lending and trading into one protocol called DLEX. This setup improves capital efficiency by using idle assets and offering higher yields without extra risks. It supports both advanced users and passive Liquidity Providers (LPs) with various trading strategies. The platform also provides tools to visualize the impact of price changes and fees, making it easier for users to understand their potential payouts.
Website: https://ammalgam.xyz/
About Investor
Co-led by Lightspeed Faction and Framework Ventures, with additional support from Robot Ventures, Bodhi Ventures, NGC Ventures, DeWhales, Blockchain Founders Fund, and angel investors like Kain Warwick, Anton Bukov, Spencer Noon, and Jordi Alexander.
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