Lending platform Curvance completes $4 million in strategic funding

PANews November 12th reported that the decentralized lending platform Curvance announced the completion of a $4 million strategic funding round. The lead investors were 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 collateralization of LSTs, LRTs, stablecoins, Pendle PT, LP, and other yield assets. The team stated that they have developed their own architecture, incorporating safety features such as dual oracle pricing, circuit breakers, MEV capture liquidation auctions, and more. The funds from this round will be used for platform launch, audits, team expansion, and integration of additional assets.