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Moma Protocol Raises $2.25 Million To Focus on Long-Tail Assets In DeFi
Reading Time: 3 mins read
Long-tail DeFi assets are a very exciting trend in the cryptocurrency industry. Whereas these assets often suffer from a decrease in trading volume, Moma Protocol wants to provide them with infinite liquidity. An exciting approach that has attracted attention from various investors.
Long-Tail DeFi Assets Are Viable
For those who are unfamiliar with the concept, long-tail assets are plentiful in the cryptocurrency industry. These crypto assets are usually months, if not years in circulation, yet suffer from a low to non-existent trading volume. Rather than abandoning these projects, there is now an opportunity to give them a second lease on life. By injecting new liquidity into these assets with the help of decentralized finance, new opportunities are on the horizon.
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.
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