Leavitt Innovations, the British Virgin Islands-based lead developer of DeFi money market and decentralized exchange protocol Dolomite, raised $2.5M in funding.
The round was led by Draper Goren Holm and NGC, with participation from Coinbase Ventures, WWVentures, RR2 Capital, 6th Man Ventures (6MV) Token Metrics Ventures, Orchard Street Capital, Guanxi DAO, Matthew Finestone, Kyle Rojas, David Bleznak, Coinflipcanada, CryptoCondom, 1chioku.eth, and slappjakke.eth.
The company intends to use the funds to expand operations, its development efforts and business reach.
Dolomite is a decentralized money market protocol and DEX that offers token support and capital efficiency with its virtual liquidity system. It is capable of offering over-collateralized loans, margin trading, spot trading and other financial instruments. Over time, Dolomite aims to become a hub for DeFi activity to allow other protocols, yield aggregators, DAOs, market makers, hedge funds, and others to manage their portfolios and run on-chain strategies.
FinSMEs
12/05/2023