The lending platform Neptune Protocol has completed a $3.9 million seed round financing, with participation from Bloccelerate and others

ChainCatcher news, the decentralized lending platform Neptune Protocol has completed a $3.9 million seed round financing, with participation from Bloccelerate, Animoca Ventures, CMS Holdings, Maelstrom, Veil VC, Builder Capital, Infinity Ventures, RockTree Capital, Wise3 Ventures, Stake Capital, Optic Capital, and Relayer Capital, as well as notable angel investors Meltem Demirors, Kartik Talwar, Mike Silagadze, Alan Curtis, and Ben Lakoff. The funds will be used to develop and launch USDN, finance comprehensive security audits to strengthen the protocol, and support team expansion.

Neptune Protocol is a decentralized lending platform built for the Eclipse ecosystem. It enables users to securely unlock liquidity from their collateral without having to sell their underlying assets, thereby enhancing capital efficiency.