Swivel Announces $3.5 Million Funding Closing with Multicoin Participates

TokenInsight news, Swivel, a decentralized fixed-rate lending protocol, announced the closing of a $3.5 million funding round with participation from Multicoin Capital, GSR Market, OKEx Ventures, Fenbushi Capital, IOSG Ventures, and others. It is reported that the newly launched Swivel V2 adds Token pricing mechanism and market customization order book features to the original model, optimizes the implied pricing between zcToken and nToken, and improves capital utilization between two different AMMs.