The automated leverage protocol Origami Finance announced the completion of a $1.5 million seed round financing on the X platform. Investors include Ouroboros Capital, Fjord Foundry, Good Partners, Upside, BeraLand, TempleDAO, Boba Tea Capital, Three Three Ventures, Smokey The Bera, janitooor.eth, and others. The valuation information is not disclosed yet. The new funds will be used to build its automatic leverage protocol launched on Ethereum and BeraChain, which supports integration with third-party lending services and can achieve automated folding of yield-bearing tokens (YBT) exposures, thereby improving capital efficiency and reducing liquidation and bad debt risks.
