Decentralized crypto credit protocol raised a $3.5m in Seed funding led by Dragonfly Capital.
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Debt DAO raises $3.5m in Seed funding
"Right now, debt is one of the big missing pieces from the DeFi universes, and Debt DAO is one of the strongest teams in this space tackling that problem” Dragonfly Capital general partner Haseeb Qureshi said in a statement. "As on-chain organizations and cash flows proliferate, revenue-generating DAOs will no longer need to sell off their native tokens for working capital. Debt DAO will pull the entire DAO financing ecosystem forward.”
