PANews, August 17: DeFi lending credit delegation protocol Twyne has completed a $2.5 million seed round led jointly by cyber Fund and Ethereal Ventures, with participation from Euler, Daedalus, and several individual investors. Twyne addresses the issue of “idle credit” in the lending market by constructing a credit delegation layer that transfers lending capacity originally tied to collateral depositors to parties with genuine borrowing needs, thereby improving overall credit utilization and market capital efficiency. The protocol aims to bridge the gap between collateral provision and credit usage, optimizing the credit allocation mechanism in the DeFi lending market.
DeFi lending protocol Twyne secures $2.5M in seed funding.
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Summary
The DeFi lending protocol Twyne has raised $2.5 million in a seed round led by Cyber Fund and Ethereal Ventures, with support from Euler, Daedalus, and individual investors. The protocol update introduces a credit delegation layer that transfers lending capacity from collateral providers to borrowers, aiming to enhance credit utilization and capital efficiency. The project seeks to prevent DeFi exploit scenarios by improving how credit is allocated and managed across the platform.
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