"A lack of a yield curve in DeFi results in wildly variable utilization based rates that lead to a lack of predictability and forecasting for DeFi ecosystem participants. We believe Secured Finance is building a new financial primitive that will spur further innovation around crypto interest rate swaps, forwards, and derivatives. We are excited to back such a strong team out of Asia, combining their DeFi ethos with decades of experience in institutional structured finance," said Sean Lippel, Partner and Head of Digital Assets at Fintech Collective.

https://www.privateequitywire.co.uk/2021/07/29/304265/secured-finance-raises-usd40m-seed-funding