The Scroll-based Launched Pencils Protocol has completed a $2.1 million seed round financing, with participation from OKX Ventures and others.

based on the Scroll's Launched Pencils Protocol (PenPad), has completed a $2.1 million seed round financing, with investors including OKX Ventures (formerly OKEx Blockdream Ventures), Animoca Brands, Galxe (formerly Project Galaxy), Gate Labs, Presto Labs, Sandy Peng, and Ryan Li.

According to the Web3 asset data platform RootData, Pencils Protocol is the next-generation decentralized platform that provides auction services for blockchain-native assets and RWAs, and offers users a unified leveraged yield aggregation service to maximize asset utilization.