Lambda Raises $1.8 Million in Angel Round to Unlock Bitcoin Liquidity for DeFi
Lambda is a stablecoin lending platform in the Curve ecosystem, bringing Bitcoin TVL into Curve.
Investors in this round of financing include: Michael (founder of Curve), Hashcow Group, Public Works, Threshold Network, DLC Link, Aladdin DAO, A-team Defi, Curvecap, Yusuke (founder of Napier Finance), Ed (founder of Bitcoin Square), Chris (core member of Conflux), and others.
Lambda is committed to injecting Bitcoin liquidity into the DeFi ecosystem through its self-developed btcUSD stablecoin. btcUSD is based on the crvUSD mechanism of Curve Finance and adopts innovative stability and loss protection mechanisms, such as flexible collateral settings, protective liquidation mechanisms, and reactive exchange rate defense.
At the same time, Lambda also introduces the L.L.A.M.M.A. centralized liquidity AMM and adaptive monetary policy, further enhancing the stability and security of btcUSD. This provides users with a more secure and reliable trading environment, reduces the risk of position liquidation due to market fluctuations for borrowers, and effectively meets the market’s borrowing and lending needs, improving the overall user experience.
Lambda will first establish a solid liquidity foundation on the Ethereum network and will deploy it in the Bitcoin ecosystem in the future, further expanding the deep integration of Bitcoin and DeFi.
Lambda stated that the financing funds will be used to accelerate technological development, ecosystem construction, and market promotion, further promoting the deep integration of Bitcoin and DeFi. This will provide users with a safer and more reliable trading experience and bring new innovations to the cryptocurrency industry, allowing Bitcoin’s massive liquidity to better serve the DeFi ecosystem!
Lambda
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