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Wildcat Labs Raises $3.5 Million in Seed Extension to Expand Undercollateralized Lending Protocol

According to the company’s official statement, Wildcat Labs secured new funding led by Robot Ventures, valuing the DeFi lending startup at $35 million.

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Summary

Wildcat Labs announced it has raised $3.5 million in a seed extension round led by Robot Ventures, bringing the company’s valuation to $35 million. According to the official statement, the funds will support team expansion and integration within the Ethereum ecosystem. The investment underscores the growing interest in undercollateralized lending solutions in decentralized finance.

Terms & Concepts
  • Undercollateralized Lending: A type of lending where the borrower does not need to provide full collateral, often based on the borrower's creditworthiness or reputation rather than traditional assets.
  • DeFi: Short for Decentralized Finance, it refers to blockchain-based financial services that operate without traditional intermediaries like banks.
  • Ethereum: A decentralized blockchain platform known for its smart contract functionality, widely used for decentralized applications and DeFi protocols.