- Moma Protocol has closed a funding round led by Fundamental Labs.
- The round raised $2.25 million from several investors.
- The investment will help fund Moma Protocol’s long-tail DeFi lending markets.
Moma Protocol has successfully closed a funding round which raised $2.25 million. Notably, the funding round was led by Fundamental Labs, which also invested in Coinbase.
However, apart from Fundamental Labs, other investors included SevenX Ventures, AU21 Capital, Blocksync Ventures, BuildingBlocks, Coins Group, and others.
As decentralized finance (DeFi) has exploded over the past year the sector has faced increasing challenges due to the unprecedented demand. As such, Moma Protocol aims to solve the scaling, liquidity, and speculative challenges faced in DeFi lending markets. In fact, the protocol’s smart contracts factory creates, manages, accelerates, and aggregates DeFi lending markets.
Thus, Moma Protoco...
This article was first published on coinquora.com