Backed by Industry-Leading Investors, Liquidium.WTF Aims to Become the DeFi Hub on Bitcoin L1
July 18th, 2024
Liquidium.WTF, a pioneering and leading Bitcoin DeFi company, today announced it has successfully closed a $2.75 million seed round. This investment marks a significant milestone in Liquidium.WTF's journey to become the best lending protocol on Bitcoin. Key investors in this round include Wise 3 Ventures, Portal Ventures, Asymmetric Capital, AGE Fund, NGC Ventures, CMS Holdings, Newman Capital, VidenVC, DeGods, as well as individuals like, Dingaling, Frank DeGods, Beanie, Cirrus, ThreadGuy, FAR (Co-Founder of Taproot Wizards), Anthony Newman, Dr. Jingle, NFTboi, Nate Whitehill (CEO of CryptoSlate), and Dan Held.
News of this funding comes just weeks after Liquidium.WTF introduced its innovative Runes borrowing and lending services just shortly after the release of the Rune’s protocol itself. Liquidium.WTF’s consistently fast turnaround time and success in staying on top of industry trends are strong indicators of its continuous improvement and dependability.
"I envision Liquidium.WTF to be the DeFi lending hub on Bitcoin with fully fledged liquidity pools to offer experiences like Aave, but on native Bitcoin," said Robin Obermaier, CEO of Liquidium.WTF. "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."
Liquidium.WTF is currently the leading Bitcoin DeFi platform enabling peer-to-peer Bitcoin lending. Users can borrow or lend Bitcoin, using unique Bitcoin-based assets like Ordinals (Bitcoin NFTs) and Runes as collateral. This is facilitated securely through Partially Signed Bitcoin Transactions (PSBTs) and Discreet Log Contracts (DLCs), all on Layer-1 Bitcoin.
“We are excited to launch our runes borrowing and lending services that our developers have been hard at work on and continue expanding our assets offered,” said Peter Giammanco, CTO of Liquidium.WTF.
At the time of this funding announcement, the team had added UniSat and Leather and planned further wallet and collateral integrations. Today, Liquidium.WTF’s Bitcoin markets accept selected Ordinals and Runes. Connect with Xverse, UniSat, Leather, OKX, or Wizz Wallet; BRC-20 borrowing and lending are no longer available.
Investors are equally enthusiastic about Liquidium.WTF's potential to redefine Bitcoin liquidity markets. "It is a true pleasure to work alongside Robin and the Liquidium.WTF team, who are doing an exceptional job revolutionizing peer-to-peer Bitcoin lending. Their innovation with ordinals, runes, PSBTs, and DLCs is setting new standards in the industry. Outstanding in their dedication and vision!" voiced by Rubén, the founder of Wise3 Ventures.
Julian Mezger, CMO of Liquidium.WTF, added, "The support from our investors is everything, and it’s humbling to see the industry's confidence in our vision and capabilities. We are committed to building a platform that is not only innovative but also secure and user-friendly."
About Liquidium.WTF
Founded in 2022 by a team with deep passion in blockchain technology and decentralized finance, Liquidium.WTF is on a mission to create the best lending protocol on Bitcoin. For more information, please visit https://help.liquidium.fi/en/.
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