Raises An Additional $3.5m to Optimize Fixed-Yield Markets
Summary
Since closing our seed round in December of last year, our team has been heads down iterating on the Swivel v1 design in order to build the most capital efficient and user friendly infrastructure possible for fixed-yields. With our mainnet near, we’re excited to announce the onboarding of multiple world-class trading desks and investors to ensure the scalability of our organization, and the liquidity of our platform. Swivel v2 iterates upon this concept with a market-tailored orderbook that reduces costs for users and significantly increases capital efficiency for LPs. Our mission is to build the democratized infrastructure necessary to enable high fixed-rates without sacrificing decentralization, capital efficiency or transaction costs. Decentralized fixed-rate lending is poised to grow by magnitudes in the coming year, however current solutions fail to provide the UX necessary for wider institutional adoption.
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