avatar

NFT Lending Protocol Spice Finance Closes $1.7 Million Pre-Seed Round Led by Shima Capital

NFT lending protocol Spice Finance closed a $1.7 million pre-seed round led by Shima Capital with participation from Protofund, Big Brain Holdings, Origin Protocol, and others.

Spice will kick off by introducing a yield optimizer and liquidity routing protocol for NFT lending markets. This will help lenders passively deploy capital onto NFT marketplaces for yields. Spice Finance will improve the complicated and time-consuming NFT lending process by aggregating all outstanding loans and pools, developing algorithmic lending strategies on top, and delivering users simple and transparent vaults that return NFT lending yields.

Spice's lending aggregator is reportedly now in beta and the protocol will be launched in the coming months.

Source

NFT

Lending

Fund Raising

Related News
Ethereum security platform Drosera raises $3.25 million in funding, brings total funding to $4.75 million Ethereum security platform Drosera raises $3.25 million in funding, brings total funding to $4.75 million
Sony’s Soneium debuts its first music NFT collection with crypto record label Sony’s Soneium debuts its first music NFT collection with crypto record label
Arbitrum, Azuki-backed Animecoin unveils tokenomics with over 50% community allocation Arbitrum, Azuki-backed Animecoin unveils tokenomics with over 50% community allocation
ZK-powered onchain credit analytics startup Accountable raises $2.3 million seed round ZK-powered onchain credit analytics startup Accountable raises $2.3 million seed round
Crypto-AI startup Fraction AI raises $6 million in pre-seed funding Crypto-AI startup Fraction AI raises $6 million in pre-seed funding
Latest News More More
2 Days Ago 0xbow unveils ‘Privacy Pools,’ a new blockchain privacy tool drawing from Vitalik Buterin’s research
March 27 Ethereum edges closer to deploying Pectra on mainnet with successful upgrade on Hoodi testnet
March 27 MEXC Extends DEX+ Platform to Binance Smart Chain Users
March 25 Binance suspends employee for allegedly profiting off of insider information
March 25 BlackRock launches bitcoin ETP in Europe following US success

About TokenInsight

Services

Products

Support

Google Play
Google Play
Google Play
2018 – 2023 © TokenInsight Ltd. All rights reserved
Disclaimer Terms of Service Privacy Policy
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open