Cypher Capital, a multi-strategy crypto investment firm, today announced its role in a $3.5 million seed funding round for Echelon, an innovative decentralized lending protocol. The seed round attracted additional support from strategic partners including Amber Group, Laser Digital, Saison Capital, Selini Capital, Interop Ventures, and Re7.
This investment demonstrates Cypher Capital’s commitment to supporting advanced solutions in decentralized finance (DeFi) and blockchain technology. Echelon aims to enhance DeFi lending by improving capital efficiency, integrating with other DeFi applications, and providing innovative yield strategies on Move-based blockchains such as Movement and Aptos.
About Cypher Capital
Cypher Capital is a leading early-strategy venture firm focused on investing in Web3 infrastructure and applications that will drive the new digital economy. Guided by environmental, social, and governance for every investment decision, Cypher is shaping the future of digital currency, public markets, and Web3.
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About Echelon
Echelon is a high-efficiency decentralized lending protocol that enables users to borrow and lend assets through non-custodial pools. Its platform enhances capital efficiency and borrowing power while providing secure, overcollateralized positions. Echelon supports isolated pools for long-tail assets and offers streamlined leverage staking and RWA-backed vaults, positioning itself as a leader in the next generation of DeFi protocols.
ContactMedia ManagerShameem Shashameem@cyphercapital.com
This article was originally published on Chainwire
Source: Cryptocurrency - investing.com
