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Blueprint Finance Raises $7.5M for DeFi Stability Protocol.

Philip Lee profile image
by Philip Lee
Blueprint Finance Raises $7.5M for DeFi Stability Protocol.
Photo by Shubham's Web3 / Unsplash

Blueprint Finance, a developer of blockchain-based financial solutions, has secured $7.5 million in a funding round led by Hashed and Tribe Capital

The burgeoning decentralized finance (DeFi) industry is gaining attention, but lingering stability concerns plague crypto investors.  

The Concrete Protocol, the company's primary offering, protects leveraged investors from liquidation in volatile crypto markets while generating returns for liquidity providers.

twitter.com/ConcreteXYZ

The protocol automates risk management using quantitative models to determine the probability of collateral depreciation. 

These calculations trigger fully automated protection contracts that inject capital into positions approaching liquidation points, minimizing the need for idle assets for investors.

Nic Roberts-Huntley, co-founder and CEO of Blueprint Finance, said: 

"Concrete Protocol addresses critical pain points in crypto and provides the backbone for on-chain lending. As DeFi matures, we anticipate a surge in demand for lending solutions. Our protocol accommodates existing activity while opening up vast new opportunities within the DeFi landscape."

Investors like Hashed are bullish on Concrete Protocol's role in increasing transparency and trust within the decentralized financial sector. 

Other investors in this round include SALT, Kyber, Hypersphere, Lightshift, Awesome People Ventures, Veris Ventures, Kronos Research, WWVentures, Avalanche Foundation, Terra Nova, and Hyperithm.

Philip Lee profile image
by Philip Lee

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