The subsidiary of Advanced Blockchain has been one of the biggest investors in this promising protocol, which will also receive unique support from our organization: we will integrate it in a number of our other incubated projects, as well as in our “Ecosystem -as- “a-service” model.
Advanced Blockchain AG has invested through a subsidiary in Element Finance, an open source protocol for fixed and variable return markets of decentralized finance (DeFi). This investment will allow us to support Element with our incubation services, while strengthening the growing portfolio of Advanced Blockchain investments.
Advanced Blockchain was one of the biggest investors in Element’s Series A funding round.
Element Finance recently closed its Series A by successfully raising $ 32 million at a valuation of $ 320 million. Advanced Blockchain AG invested a 7-digit amount in this round, positioning Advanced Blockchain AG as one of the largest participating investors. Series A was led by a16z (Andreesen Horowitz) and Polychain Capital. Angel investors included Rune Christensen of MakerDAO; Stani Kulechov, the founder of Aave; Fernando Martinelli, the founder of Balancer; Santiago Santos and many other top investors in DeFi and blockchain industries.
This investment will be mutually beneficial for Element Finance and Advanced Blockchain.
DeFi-based fixed rate instruments are still in their infancy, but will eventually prove to be an asset class in their own right within the growing DeFi ecosystem. Given the Element Finance team’s pedigree, proven execution ability, and strong fan base, it’s clear that no team is better positioned to announce new asset builds in DeFi. Thus, we believe that Element Finance will be an important investment for our organization.
In addition to our investment through a subsidiary in Element, we are excited to bring unique value to the Element Finance team by integrating the team into our “Ecosystem-as-a-Service” (EaaS) model. Using this system, we plan to build products on the Element Finance SDK. In addition, we plan to integrate Element Finance into numerous portfolios and incubated companies, catalyzing the growth and expansion of the Advanced Blockchain AG portfolio.
Learn more about Element Finance:
The Element protocol maximizes capital efficiency, creates market liquidity, and lowers user costs. Users can buy discounted BTC, ETH, and USDC through Automated Market Makers (AMMs) without being stuck in a fixed amount of time. This allows swaps to systematically occur between the discounted asset and any other base asset. With the exchange of any major base asset, a fixed rate income is guaranteed. For active DeFi users, the Element protocol enables capital efficiency on active yield positions such as Yearn staking or ETH2. Users can sell their principal deposited at a discount as fixed income income to leverage or increase exposure without liquidation risk. You will find more information about Element Finance and its protocol on the website Element Finance website.
Further information about Advanced Blockchain AG and its various projects and investments can be found on its website, https://www.advancedblockchain.com/.