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Crypto DeFi Startup Peko Protocol Closes $700K Private Fundraising Round Ahead of Mainnet Launch

Peko Protocol, a startup focused on decentralized finance (DeFi), has raised $700,000 in a private fundraising round ahead of its mainnet launch. The round saw investment from 12 angel investors with experience in web2 and web3 industries.

Peko Protocol aims to create high-velocity markets for traditional crypto-asset lending services, with one unified margin account for users to earn interest on deposits and borrow from shared liquidity pools against collateral.

The company's Dynamic Collateral Factor Mechanism (DCFM) incorporates a borrower's credit score in determining the collateral factor, encouraging responsible borrowing behavior and fostering a more inclusive lending environment.

Decentralized Finance DeFi
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