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Automated leverage protocol Origami Finance completes a $1.50 million seed round financing, with participation from Fjord Foundry and others.

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Odaily
358Words
Aug 27, 2024

According to official sources, the automated leverage protocol Origami Finance announced the completion of a $1.50 million seed round financing. Investors including Ouroboros Capital, Fjord Foundry, Good Partners, Upside, BeraLand, TempleDAO, Boba Tea Capital, Three Three Ventures, as well as angel investors DCF God, RiffRaff, janitooor.eth, participated. The valuation information is not disclosed at the moment. The new financing will be used to build its automated leverage protocol launched on Ethereum and BeraChain, supporting integration with third-party lending services to achieve automated folding yield-bearing token (YBT) exposure, thereby improving capital efficiency and reducing liquidation and bad debt risks, with TVL exceeding $50 million.

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