Excited to share that
@SpoutFi has raised a $2m strategic funding round, backed by
@DraperDragon,
@Anchorage,
@FlowTraders,
@Taisu_Ventures,
@VesselVC,
@solayer_labs, and
@2SquareCapital, with strategic backing from
@solanalabs.
@toly and
@rajgokal both invested as angels, as did
@giancarloMKTS the 13th Chairman of the U.S. Commodity Futures Trading Commission, who has also joined as a strategic advisor.
@SpoutFi is a borrowing and lending platform where users post collateral and borrow stablecoins at 0% interest, with a flat loan-to-value ratio of 50%. We make this possible by combining lending with covered calls: lenders are paid from the premium on calls written against the collateral.
It is very exciting to take everything I have learned as a protocol engineer in the blockchain space and apply it to new use cases for financial products. Blockchain technology promises easier access to financial products worldwide and a more efficient economy. This is an important step for
@SpoutFi, and we are just getting started.