The decentralized lending exchange Ammalgam has completed a $2.5 million seed round financing, led by Framework Ventures and others.

ChainCatcher news, the decentralized lending exchange (DLEX) Ammalgam announced the completion of a $2.5 million seed round financing led by Lightspeed Faction and Framework Ventures, with participation from Robot Ventures, Bodhi Ventures, NGC Ventures, DeWhales, Blockchain Founders Fund, as well as angel investors such as Kain Warwick, Anton Bukov, Spencer Noon, and Jordi Alexander.

It is reported that the new funds will be used to drive the growth and development of the protocol, including expanding the core talent team and product development.