- Moma Protocol announced recently that it closed $2.25 million in funding. These are the details.
Moma Protocol — a solution to solve scalability, liquidity, and speculation needs in the current DeFi lending market — announced recently that it has completed a $2.25 million dollars round of funding led by Fundamental Labs and SevenX Ventures.
The investors in this round include Fundamental Labs and SevenX Ventures as well as other investors including AU21 Capital, Blocksync Ventures, BuildingBlocks, Coins Group, Consensus Investment, DFG Capital, FBG Capital, Finlink Capital, Lotus Capital, Magnus Capital, Moonrock Capital, Moonwhale Ventures, Oasis Capital, Spark Digital Capital, Waterdrip Capital, X21 Digital and Zee Prime Capital.
Moma Protocol is known for creating, managing, accelerating, and aggregating lending markets through a proprietary smart contract factory, thus creating an ecosystem that allows for the infinite expansion of lending liquidity and market diversity. And Moma Protocol was incubated and supported by Lichang, a community App with over a million registered users. Since the protocol’s concept inception, the concept of “improving the scalability of the DeFi lending market” has been favored by the crypto market and recognized by the community.
With an ecosystem with unlimited expansion of lending liquidity and market diversity, Moma Protocol can enrich the DeFi lending market by opening up new lending markets for long-tail digital assets.
“As the most important foundation pillar of DeFi architecture – the lending agreement, Moma has made a unique and permissionless innovation here, which greatly enriches the diversity of the market. It has huge potentials to become a scalable platform covering both the mainstream and long tail digital assets.”
— SevenX’s spokesperson
“The DeFi market has seen explosive growth over the past year, with more and more assets being swept up in the DeFi wave. Moma Protocol meets the lending needs of long-tail assets by providing a proprietary smart contract factory that combines the strengths of Uniswap and Compound, to produce an unlimited number of customizable lending pools, thereby bringing more assets into the current lending market to increase the liquidity, diversity and scalability of the DeFi ecosystem, which is something to look forward to.”
— FBG’s founder Shuji Zhou
“I believe that the goal that Moma Protocol wants to achieve is to create an expandable, scalable and flexible infrastructure for the DeFi world in 5-10 years, in a way that everyone can freely participate. I am optimistic about the DeFi ecology and the lending scenario, and I am happy to be able to drive Moma Protocol to explore the future with the infinite liquidity-generating factory model that fascinates me the most. We are ready to set sail!”
— Moma Protocol’s Founder and CEO Ocean Liao