Liquidium Raises $2.75M to Establish Itself as a Leading DeFi Hub in the Bitcoin Ecosystem

Investors in the round include Wise 3 Ventures, Portal Ventures, Asymmetric Capital, AGE Fund, NGC Ventures, CMS Holdings, Newman Capital, VidenVC, and DeGods.

Bitcoin (BTC)-centric lending platform Liquidium has secured $2.75 million in seed funding to establish itself as the leading decentralized finance (DeFi) hub within the Bitcoin ecosystem.

Investors in the round include Wise 3 Ventures, Portal Ventures, Asymmetric Capital, AGE Fund, NGC Ventures, CMS Holdings, Newman Capital, VidenVC, and DeGods.

The round also featured angel investors such as Dingaling, Frank DeGods, Beanie, Cirrus, ThreadGuy, FAR (Co-Founder of Taproot Wizards), Anthony Newman, Dr. Jingle, NFTboi, CryptoSlate CEO Nate Whitehill and Kraken’s Dan Held.

Aave-like experience on Bitcoin

Speaking on the development, Robin Obermaier, CEO of Liquidium, noted that the funding will aid the platform in achieving Obermaier's vision of providing an Aave-like experience on Bitcoin.

“I envision Liquidium to be the DeFi lending hub on Bitcoin with fully fledged liquidity pools to offer experiences like Aave, but on native Bitcoin,” said Obermaier.

“This funding round brings us closer to realizing a platform where users can seamlessly supply liquidity to earn passive income or borrow assets in a secure, overcollateralized manner. We have the team, the investors, and the guts to execute on that vision.”

According to data from DeFillama, Aave is the largest Ethereum lending protocol, with over $13 billion in assets under management (AUM).

Thus, the seed funding aims to support Liquidium’s growth as a top Bitcoin lending protocol, following the recent launch of its Rune borrowing and lending services to showcase its commitment to continuous improvement and industry leadership.

Liquidium is already established as the premier DeFi platform for peer-to-peer Bitcoin lending, enabling users to borrow or lend Bitcoin using Bitcoin-based assets like Ordinals and Runes as collateral. The process utilizes Partially Signed Bitcoin Transactions (PSBTs) and Discreet Log Contracts (DLCs) on the Layer 1 Bitcoin network.

Significantly, the protocol has integrated compatibility with Unisat and Leather wallets and plans to incorporate BRC-20 assets and additional wallets like OKX and Phantom in the future. According to the firm, these moves will further enhance accessibility and expand the Bitcoin ecosystem into new markets.

Disclosure: CryptoSlate CEO Nate Whitehill is an angel investor in Liquidium.

Mentioned in this article

Oluwapelumi Adejumo

Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.

Liam 'Akiba' Wright

Also known as "Akiba," Liam is a reporter, editor and podcast producer at CryptoSlate. He believes that decentralized technology has the potential to make widespread positive change.