[PRESS RELEASE – Road Town, British Virgin Islands, 1st March 2022] Hot on the heels of launching its Open Protocol testnet, Hashstack Finance is thrilled to announce the closing of its $1 million seed funding round. The project will use the proceeds to develop the Open Protocol, attract top talent, and grow the community.
The seed round saw participation from dozens of well-known investors including GHAF Capital Partners, Moonrock Capital, Kane & Rao Group, Nimrod Lehavi, MarketAcross, and Chainridge Capital.
Hashstack Finance founder Vinay said, “Bringing under-collateralization to the DeFi is critical to our mission at Hashstack. We are grateful to be backed by some of the smartest money in this ecosystem. The funds raised will be utilized towards talent acquisition, product development & growth.”
Hashstack’s Open Protocol is the only autonomous lending solution in DeFi that enables non-custodial, under-collateralized loans up to 1:3 collateral-to-loan ratio. It mean

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