Asset Management

Startups

Swivel Finance, a new decentralized protocol that enables fixed-rate lending and interest-rate derivatives.

Interest-rate derivatives are the most liquid financial product on the planet: they trade over $6.5 trillion per day. Swivel unlocks this market and brings these concepts to crypto. It enables fixed-rate lending and interest-rate trading (i.e., interest rate swaps), with the ability to long interest rates with 10-100x implied leverage.

While it’s technically possible to earn fixed rates by cobbling together zero-coupon bonds, Swivel streamlines the entire trade, increases capital efficiency, and taps into large and growing liquidity pools. It also introduces the simplest, most gas- and time-efficient process we’ve seen to date and radically reduces smart contract risk by pushing it lower down the stack to trusted and tested primitives. 

It’s important to note three key design features unique to Swivel: 1) it doesn’t rely on an oracle, 2) users cannot be liquidated, and 3) Swivel taps into the liquidity in Compound and Aave.

Divergence Ventures

Imran Khan

Stani Kulechov

Thomas Klocanas

CMS Holdings

Ash Egan

Julian Traversa

William Hsieh

Swivel Finance

Electric Capital

Fenbushi Capital

Amber Group

DeFiance Capital

IOSG Ventures

MULTICOIN CAPITAL

SevenX Ventures

Qiao Wang

CMT Digital

Alexander Pack

Investors

CypherHunter Plus

on Dec 11, 2020, Swivel Finance raised $1.15 million in a Seed funding round

Investors

CypherHunter Plus