DeFi marketplace ArchimedesFi raises $4.9 million in seed round led by Hack VC. willcanny99 reports.
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Archimedes, a decentralized finance lending and borrowing marketplace that is launching this month, has secured another round of funding, the company said in a statement Wednesday.
The recently closed seed-funding round of $4.9 million was led by Hack VC. It adds to $2.4 million ofSeed-round backers included Uncorrelated Venture, Psalion, Truffle Ventures, Cogitent Ventures, Haven VC and Palsar among others. Archimedes said it offers leverage that multiplies a user’s original yield opportunity. Leverage takers using the platform are sent a non-fungible token that represents a
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