TechFlow News — DeFi lending platform Archimedes has announced a $4.9 million seed funding round led by Hack VC, with participation from Unassociated Venture, Psalion, Truffle Ventures, Cogitent Ventures, Haven VC, and Palsar.
Archimedes' decentralized finance lending platform is set to launch this month. The platform offers users the opportunity to multiply their initial yield returns. Users employing leverage on the platform will receive an NFT representing a yield-generating stablecoin position, leveraged up to 10 times the amount of their principal collateral.Original link




