TechFlow news, according to an official announcement, Spice Finance, an NFT lending market aggregator and liquidity routing protocol, has announced the completion of a $1.7 million funding round led by Shima Capital, with participation from ProtoFund, Big Brain Holdings, Delta Blockchain Fund, Side Door Ventures, Nxgen, Hypotenuse Labs, Origin Protocol, Orrick, Crest Group, and others. The protocol is set to launch in the coming months.
Notably, Spice Finance will initially introduce yield optimizers and liquidity routing protocols to the NFT lending market, enabling lenders to passively deploy capital into the NFT market for returns. By aggregating all outstanding loans and pools, developing algorithmic lending strategies, and offering users simple and transparent vaults, Spice Finance aims to streamline the currently complex and time-consuming NFT lending process.
