B.Protocol Raises $2.2M to Backstop DeFi Liquidations

B.Protocol Raises .2M to Backstop DeFi Liquidations
Lending project B.Protocol, which builds tools to “democratize” DeFi liquidations, raised $2.2 million.B.Protocol is one of the many money legos propping up the patchwork landscape of decentralized finance. Catering specifically to lenders in need of liquidating sour loans, it had roughly $87 million in total value locked as of press time, according to data website DeFi Llama.Early-stage crypto fund 1kx led B.Protocol’s seed round; it is slated to ultimately receive 500,000 BPRO tokens. Other notable backers include Spartan Group, Robert Leshner’s Robot Ventures and Dovey Wan’s Primitive Ventures.They will receive their tokens over a four-year linear vesting period, according to…