curvance

Decentralized lending platform Curvance announced the completion of a $4 million strategic funding round, led by F Prime Capital and 0xPrimal, with participation from Auros, GSR, Flowdesk, Q42, v3v ventures, and others.The project is positioned as a decentralized lending and collateral platform, supporting the collateralization of yield-bearing assets such as LST, LRT, stablecoins, Pendle PT, and LP. The team claims to have developed the architecture in-house, incorporating safety designs such as dual oracle pricing, circuit breaker mechanisms, and MEV capture liquidation auctions; the funds from this round will be used for launching, auditing, expanding the team, and integrating additional assets.

ChainCatcher news, according to CoinDesk, the modular protocol Curvance, aimed at optimizing liquidity management, has launched its public testnet on Ethereum's Sepolia, Arbitrum's Sepolia, and Berachain's bArtio V2.The team stated, "The public testnet is the last chance to provide feedback, and most importantly, participants can earn some Bytes. Public testers in the Curvance testnet can collect up to 300 Bytes."

According to ChainCatcher news, the LSD stablecoin protocol Lybra Finance announced on platform X that the cross-chain lending protocol Curvance for yield-bearing assets has received a total of 10,000 esLBR in grants. As peUSD is set to be integrated into the Curvance testnet, these funds will be used to create a market for peUSD during the testnet and beta release.It is reported that this integration will open up a new yield layer for peUSD through Curvance's CVE Gauge Emissions. Curvance will also conduct joint marketing around these integrations to enhance the visibility and usage of peUSD on Curvance.

ChainCatcher news, according to Chainwire, the stablecoin lending protocol Curvance has announced the completion of a $3.6 million seed round financing, with investors including prominent angel investors such as Offchain Labs, Wormhole, and Polygon co-founder Sandeep Nailwal, as well as support from core contributors from Scroll, Mantle, Eigenlayer, GMX, Curve Finance, Convex Finance, Balancer, Aura Finance, and Pendle Finance. Decentralized Autonomous Organizations (DAOs) like Frax Finance also participated in this round of financing.Curvance aims to provide users with optimized yields while maximizing capital efficiency through peer-to-peer lending.