ZEROLEND Secures $3 Million in Seed Funding, Plans to Launch Governance Token ZERO

ZEROLEND, a decentralized lending protocol within the ZKSYNC ecosystem, has successfully completed a $3 million seed funding round at a valuation of $25 million. The funding round saw participation from a wide range of investors including MOMENTUM 6, BLOCKCHAIN FOUNDERS FUND, MORNING STAR VENTURES, BANTER CAPITAL, NEWMAN CAPITAL, DVDT, TRANSFORM CAPITAL, CYPHER CAPITAL, BISON FUND, OZARU VENTURES, IANGELS, KRYPITAL, GENBLOCK, VIABTC, GBV, ASTEROID CAPITAL, and angel investors such as MR.BLOCK from CURVE FINANCE, PRANAV SHARMA from WOODSTOCK, and BOXMINING. Additionally, ZEROLEND plans to launch its native governance token, $ZERO, in the first quarter of 2024.