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Origami Finance completes $1.50 million seed round financing, with participation from Ouroboros Capital.

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TechFlow
333Words
Aug 27, 2024

TechFlow reports that the automated leverage protocol Origami Finance announced yesterday the completion of a $1.50 million seed funding round. Investors include Ouroboros Capital, Fjord Foundry, Good Partners, Upside, BeraLand, TempleDAO, Boba Tea Capital, Three Three Ventures, and angel investors such as DCF God, RiffRaff, and janitooor.eth.

The new funding will be used to build its automated leverage protocol launched on Ethereum and BeraChain, supporting integration with third-party lending services. This enables automated exposure to Yield Bearing Tokens (YBT), thereby enhancing capital efficiency and reducing the risks of liquidation and bad debts, with a TVL exceeding $50 million.

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