BNB Chain

ThirdFi

MAIGA

Ethereum

Etherealize

HyperLiquid

Hyperbeat

Mantle

Gaia

Stackup

Ash Egan

CMS Holdings

Electric Capital

Alexander Pack

MULTICOIN CAPITAL

Stani Kulechov

CMT Digital

Qiao Wang

Swivel Finance is a new decentralized protocol that enables fixed-rate lending and interest-rate derivatives.

Interest-rate derivatives are the most liquid financial product on the planet: they trade over $6.5 trillion per day. Swivel unlocks this market and brings these concepts to crypto. It enables fixed-rate lending and interest-rate trading (i.e., interest rate swaps), with the ability to long interest rates with 10-100x implied leverage.

While it’s technically possible to earn fixed rates by cobbling together zero-coupon bonds, Swivel streamlines the entire trade, increases capital efficiency, and taps into large and growing liquidity pools. It also introduces the simplest, most gas- and time-efficient process we’ve seen to date and radically reduces smart contract risk by pushing it lower down the stack to trusted and tested primitives. 

It’s important to note three key design features unique to Swivel: 1) it doesn’t rely on an oracle, 2) users cannot be liquidated, and 3) Swivel taps into the liquidity in Compound and Aave.

DefiHedge

Swivel Finance

Backers

CypherHunter Plus

Swivel Finance(prev. DefiHedge)

Fundraising Summary

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