Decentralized lending exchange Ammalgam completes a $2.50 million seed round financing, with leading investment from Framework Ventures.

{"div":{"p":["TechFlow news: On September 11th, according to official sources, decentralized lending exchange (DLEX) Ammalgam announced the completion of a $2.50 million seed round financing. This round of financing was led by Lightspeed Faction and Framework Ventures, with participation from Robot Ventures, Bodhi Ventures, NGC Ventures, and other institutions. Founder of Ammalgam, Will Fey, stated that the company will use this funding to expand the team, improve product development, and undergo security audits.","The DLEX protocol of Ammalgam combines lending and trading into a single protocol, increasing capital efficiency by utilizing idle assets to provide users with higher returns. The protocol supports unlimited trading strategies and ensures true autonomy without the need for permission or reliance on oracles. Ammalgam also provides advanced visualization tools for users to assess potential returns and the impact of price fluctuations. Will Leas, a trading partner at Lightspeed Faction, stated that Ammalgam integrates the functionalities of DEX, lending, options, hedging, and perpetual contracts into a single primitive, improving capital efficiency and revenue generation options in DeFi."]}}