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Nolus - Seed
Overview
Funding Date
May 2, 2023
Financing amount
$2.5M
Valuation
$20M
Category
Subcategory
About Nolus - Seed
Nolus, an interoperable application on Cosmos, has secured $2.5 million in pre-seed and seed funding to tackle inefficiencies in DeFi money markets. The recently concluded $20 million valuation seed funding is backed by DoraHacks, Everstake, Cogitent Ventures, Token Metrics Ventures, and Autonomy Capital, among others, and will allow Nolus to fully complete the technological backbone and further expand the platform both within and outside the Cosmos ecosystem.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Lab | -- | -- | 13 | -- | ||
| Corporate | Ukraine | -- | 11 | -- | ||
| Fund | -- | -- | 66 | -- | ||
| Corporate | United States of America | -- | 11 | -- | ||
| Fund | -- | 2021 | 9 | [email protected] |
Founders & Team
Kamoka
Company Profile / Project Introduction
Nolus defines a money market between lenders looking to earn yield on deposited stablecoins and borrowers looking to amplify holdings with more assets than their current equity at lower risk and retained ownership.
The Protocol utilizes a semi-permissioned PoS blockchain built using the Cosmos SDK and a WASM smart contract engine that executes in an isolated sandbox model focused on interoperability, security and performance. Interoperability itself is at the core of Nolus’ offering as the Protocol utilizes IBC and Interchain Accounts to tap into a diverse set of liquidity hubs without creating fragmentation across chains.