ZeroLend Raises $3 Million in Seed Funding at $25 Million Valuation

According to BlockBeats, decentralized lending protocol zkSync ecosystem ZeroLend has announced the completion of a $3 million seed funding round at a valuation of $25 million. The round saw participation from investors including Momentum 6, Blockchain Founders Fund, Morning Star Ventures, Banter Capital, Newman Capital, dVdT, Transform Capital, Cypher Capital, Bison Fund, Ozaru Ventures, iAngels, Krypital, Genblock, viaBTC, GBV, and Asteroid Capital. ZeroLend is set to launch its native governance token, ZERO, in the first quarter of 2024. The protocol aims to provide a decentralized lending platform for users within the zkSync ecosystem, offering a secure and efficient solution for borrowing and lending digital assets.