Twyne secures $2.5M seed round from cyber•Fund and Ethereal Ventures to build a credit delegation layer for lending protocols.
DeFi & Yields ·
Twyne has closed a $2.5M seed round with cyber•Fund and Ethereal Ventures as co-leads. The company is building a credit delegation layer intended to integrate with lending protocols, allowing for more flexible management of credit across decentralized lending markets.
Credit delegation mechanisms enable users to grant borrowing capacity to other addresses without surrendering asset custody, a feature that expands utility within lending ecosystems. By creating a dedicated layer for this functionality, Twyne aims to unlock new use cases for protocol participants seeking to optimize capital efficiency and risk management across multiple lending venues.
The timing and full deployment roadmap remain unspecified. Details on how the capital will be allocated, the current state of the product, and the timeline for mainnet launch have not yet been disclosed.