THELOGICALINDIAN - Defi startup Moma Protocol has completed a clandestine allotment annular to actualize a decentralized clamminess band-aid that aggregates assorted markets Boosting defi clamminess has become an attraction amid crypto projects arising assimilate the arena with more atypical solutions proposed
While best projects are agreeable with accomplishing added liquidity, Moma is absorbed on activity to above – and possibly above – with its agreement for lending the continued appendage of defi assets. Its angle has acutely resonated with blockchain VCs, who put up a absolute of $2.25 actor to about-face this dream into reality. Fundamental Labs and SevenX Ventures led the clandestine round.
AU21 Capital, Blocksync Ventures, BuildingBlocks, Coins Group, Consensus Investment, DFG Capital, FBG Capital, Finlink Capital, Lotus Capital, Magnus Capital, Moonrock Capital, and abounding added advance firms additionally took part.
Who’s Yo Moma?
The galaxy academician aggregation abaft Moma Protocol includes Master’s graduates from Fudan University with all-encompassing acquaintance in blockchain development and Ethereum-based defi. CEO Ocean Liao is a consecutive administrator in the blockchain industry who’s led such acclaimed projects as Gravity, Lichang (1 actor users), and TokenUp wallet, and is a arch ablaze of China’s crypto community.
According to Ocean, Moma’s ambition is to “create an expandable, scalable and adjustable basement for the defi apple in 5-10 years, in a way that anybody can advisedly participate.”
“I am blessed to be able to drive Moma Protocol to analyze the approaching with its absolute liquidity-generating,” added the CEO, whose CMO is the co-founder of Hong Kong crypto armamentarium Coins Group.
Blockchain VCs Are Bullish on Moma
Moma Protocol’s booty on defi clamminess and lending has acutely resonated with blockchain investors, and not aloof because they’re amorous with all things defi appropriate now. As FBG Capital architect Shuji Zhou explains, “The defi bazaar has apparent atomic advance over the accomplished year, with added and added assets actuality swept up in the wave.
“Moma Protocol meets the lending needs of long-tail assets by accouterment a proprietary acute arrangement branch that combines the strengths of Uniswap and Compound, to aftermath an absolute cardinal of customizable lending pools.”
According to Zhou, this brings added assets into the accepted lending market, which will in about-face access the clamminess and scalability of decentralized finance. The abracadabra that makes all this appear is a set of acute affairs that acquiesce for far greater lending clamminess than accepted frameworks allow. This will accredit alike commonly illiquid assets – i.e. annihilation alfresco the top 100 by bazaar cap – to adore levels of clamminess commonly alike with defi dejected chips.
The beta of Moma Protocol’s band-aid has already been deployed, and appears to accept been cardinal in acceptable VCs to advance in the project. Now it’s a case of cat-and-mouse for the alpha to barrage in Q2 of 2024. With a aerodrome in place, address of the $2.25M round, Moma’s absorption turns to architecture its association advanced of an advancing accessible badge sale.
