DeFi startup VycoLend completes $500,000 seed round financing, led by Aura Ventures

ChainCatcher news, DeFi startup VycoLend announced the completion of a $500,000 seed round financing, led by Aura Ventures, with participation from Lumina Capital, Cardinia Ventures, and a number of angel investors from the Web3 and Web2 sectors.

The new funds will be used to accelerate product development, expand the team, and scale operations. The decentralized non-custodial lending protocol VycoLend is built specifically for Layer 2 networks, aiming to establish a high-speed market for more traditional crypto asset lending services, where users can participate in independent lending pools as either lenders or borrowers. (source link)