As digital lending continues to rise, one can only be left to wonder how it got this way? For a long time, the process of obtaining a loan was long, arduous, and downright anxiety-ridden. Living in the digital age gives our constant existence a sense of urgency, of needing to adapt or move on to. Read More.
Place/Date: Singapore - May 6th, 2021 at 1:00 pm UTC · 4 min read Source: Moma Protocol
Moma Protocol, an innovative solution to solve scalability, liquidity and speculation needs in the current DeFi lending market, has completed a $2.25 million dollars round of funding led by Fundamental Labs and SevenX Ventures.
Moma Protocol creates, manages, accelerates, and aggregates lending markets through a proprietary smart contract factory, creating an ecosystem that allows for the infinite expansion of lending liquidity and market diversity. Moma Protocol was incubated and supported by Lichang, a community App with over a million registered users. Since the protocol’s concept inception, the concept of “improving the scalability of the DeFi lending market” has been favored by the crypto market and recognized by the community.
Moma Protocol is opening the door to a wealth of assets to enter decentralized lending. The implications this poses for the defi community are significant as whispers of infinite liquidity abound.
According to its CEO and Founder, Ocean Liao, Moma will provide “an expandable, scalable and flexible infrastructure for the defi world in 5-10 years, in a way that everyone can freely participate.” Thanks to a round of funding led by Fundamental Labs, SevenX Ventures, and a host of big names in crypto, $2.25 million has been acquired for the protocol’s fully operational launch in Q2 2021.
More Decentralized Lending, More Decentralized Trade