Best Investment Manager Reveals Cypher Capital’s $3.5 Million Investment in Echelon’s Decentralized Lending Protocol
In a groundbreaking move, Cypher Capital, a top-tier crypto investment firm, has announced its participation in a $3.5 million seed funding round for Echelon, an innovative decentralized lending protocol. The seed round has garnered support from key strategic partners like Amber Group, Laser Digital, Saison Capital, Selini Capital, Interop Ventures, and Re7.
This strategic investment showcases Cypher Capital’s dedication to fostering cutting-edge solutions in decentralized finance (DeFi) and blockchain technology. Echelon’s mission is to revolutionize DeFi lending by enhancing capital efficiency, integrating with other DeFi applications, and offering innovative yield strategies on Move-based blockchains such as Movement and Aptos.
“Echelon is spearheading innovation in the DeFi space,” stated Harsh Agarwal, Investment Lead at Cypher Capital. “With its focus on capital efficiency, user-friendly design, and potential to incorporate real-world assets, Echelon stands out in the evolving DeFi landscape. We are thrilled to support their efforts in creating high-performance lending markets.”
Echelon’s protocol boasts advanced features, including increased borrowing power on correlated assets, isolated pools for niche asset markets, and direct in-wallet integration for streamlined yield strategies. The platform caters to institutional-grade markets while ensuring competitive borrowing rates and groundbreaking yield opportunities.
“This funding will enable us to develop additional lending and risk management products, expand to new networks, and offer global access to dollar-denominated yields,” said Glen Rose, cofounder of Echelon. “We are excited to establish core primitives on high-performance Move-based chains.”
With the influx of new funding, Echelon plans to enrich its offerings by creating strategies supported by treasury and real-world assets (RWAs), implementing cross-chain deposit vaults, and growing its team of full-stack and smart contract engineers.
About Cypher Capital
Cypher Capital is a leading venture firm specializing in early-stage investments in Web3 infrastructure and applications that drive the new digital economy. Guided by environmental, social, and governance criteria for every investment, 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 empowers users to borrow and lend assets through non-custodial pools. Its platform enhances capital efficiency and borrowing power while offering secure, overcollateralized positions. Echelon supports isolated pools for long-tail assets and provides streamlined leverage staking and RWA-backed vaults, positioning itself as a frontrunner in the next generation of DeFi protocols.
ContactMedia ManagerShameem Shashameem@cyphercapital.com