‘DeFi 2.0’ Platform JellyFi Raises $4.4M Seed Round

‘DeFi 2.0’ Platform JellyFi Raises .4M Seed Round
JellyFi, a decentralized finance (DeFi) platform specializing in undercollateralized crypto loans, has raised $4.4 million in a seed funding round led by Lemniscap.Also included in the round were ParaFi Capital, Tioga Capital, White Star Capital, DeFiance Capital, True Ventures, Divergence Ventures, AngelDAO, Digital Currency Group and Genesis Trading (both in the same ownership stable as CoinDesk), plus some angel investors.The funds will be used to support JellyFi’s growth through R&D and key hires, according to a press release, as well as performing multiple audits ahead of the platform going live around February of next year.Capital-inefficient over-collateralized lending, where a borrower,…