DeFi Strategic Agreement Ammalgam Completes Pre-Seed Round of Financing

02/27/2023 01:43 • Tech Ticker • 126 views

On February 27th, the DeFi strategic agreement Ammalgam announced that it would complete the US $750000 pre-seed round of financing in the third quarter of 2022, with the participation of Kain Warwick, founder of Synthetix, Robert Leshner, Anton, Sergej, Mikhail, TarunChitra, Santiago RSantos, BodhiVentures, BootNode, MarinVentures, Kevin Zhou, Factor, ZealCapital, etc. It is reported that Ammalgam will release more DeFi functions by combining lending and trading into one agreement. This combination constitutes a source of income, improves capital efficiency and unlocks unlimited strategies for market makers.

The DeFi strategic agreement Ammalgam announced the completion of the $750000 pre-seed round of financing

Interpret the above information:

Ammalgam, a recent addition to the DeFi ecosystem, has successfully completed its pre-seed financing round, raising $750,000 from a group of prominent investors. The round was led by Kain Warwick, founder of Synthetix, and included other notable investors such as Robert Leshner, Anton, Sergej, Mikhail, Tarun Chitra, Santiago R Santos, Bodhi Ventures, BootNode, Marin Ventures, Kevin Zhou, Factor, Zeal Capital and more.

According to reports, Ammalgam aims to combine the functionalities of lending and trading into a single DeFi protocol. This combination is expected to create a new source of income for DeFi users, improve capital efficiency and unlock new strategies for market makers.

DeFi, short for Decentralized Finance, refers to a collection of protocols and applications that are built on blockchain technology to enable financial services without the need for intermediaries. These services include borrowing and lending, trading, derivatives, asset management and more. DeFi applications have gained immense popularity over the past few years, with the total value locked (TVL) in DeFi protocols reaching over $100 billion in 2021.

Ammalgam’s approach of combining lending and trading functionalities in a single protocol is not new to the DeFi space. In fact, some of the most popular DeFi protocols like Aave and Compound already offer both these functionalities. However, Ammalgam’s offering is expected to bring a unique value proposition to the market with its focus on market makers.

Market makers are entities that provide liquidity to the market by buying/selling assets and maintaining the order book. They play a critical role in ensuring that the market remains liquid and efficient. By combining lending and trading, Ammalgam aims to create new opportunities for market makers to generate alpha, i.e. superior returns compared to the market average.

In conclusion, Ammalgam’s successful pre-seed financing round is a testament to the growing interest in DeFi and its potential to disrupt traditional finance. With the launch of its protocol in the third quarter of 2022, Ammalgam could bring a new wave of liquidity and efficiency to the DeFi market.

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