Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: LeziT on May 06, 2021, 05:46:45 PM
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Key highlights:
DeFi project Moma Protocol raised $2.25 million in funding in a round led by Fundamental Labs and SevenX Ventures
Moma Protocol is building a DeFi platform where users can launch customizable launch and lending pools
The platform uses a governance and incentive token called MOMA
DeFi Project Moma Protocol raises $2.25 million
DeFi project Moma Protocol has raised $2.25 million in a funding round led by Fundamental Labs and SevenX Ventures. Examples of other investors that participated in the round are AU21 Capital, Blocksync Ventures and BuildingBlocks.
Moma Protocol is building a DeFi platform where users can create launch pools and lending pools. Launch pools can be used to distribute tokens to users who stake specified crypto assets. They can later be upgraded to lending pools that provide functionality similar to Compound with customizable interest rate models, risk management and other parameters. Launch pools and lending pools are created through a smart contract "factory" developed by the Moma Protocol team.
More information (https://cryptonews.net/en/news/defi/616660/)