TechFlow News — On September 11, Ammalgam, a decentralized lending exchange (DLEX), announced the successful completion of a $2.5 million seed funding round. The round was co-led by Lightspeed Faction and Framework Ventures, with participation from multiple institutions including Robot Ventures, Bodhi Ventures, and NGC Ventures. Will Fey, founder of Ammalgam, stated that the funds will be used to expand the team, enhance product development, and conduct security audits.
Ammalgam’s DLEX protocol merges lending and trading into a single protocol, increasing capital efficiency by leveraging idle assets to deliver higher returns for users. The protocol supports unlimited trading strategies and ensures true self-custody with no permission requirements and no reliance on oracles. Ammalgam also provides users with advanced visualization tools to assess potential returns and the impact of price volatility. Will Leas, Trading Partner at Lightspeed Faction, noted that Ammalgam integrates functionalities of DEXs, lending, options, hedging, and perpetual contracts into a single primitive, significantly improving capital efficiency and yield-generation options in DeFi.
