Archimedes is a DeFi lending and borrowing marketplace that issues NFTs representing yield-generating stablecoin positions. Leverage takers receive an NFT that represents a position leveraged up to 10x the principal collateral amount. The platform emphasizes interoperability and efficiency and aims to charge stablecoin assets while addressing pool reward sustainability. By packaging positions as NFTs, Archimedes seeks to reduce pool hopping and lower portfolio management and capital deployment overhead for DeFi investors. The company intends to use newly raised funds to accelerate growth and expand operations. Archimedes is based in Miami, FL and recently closed a Seed round cited in the article.

Total raised

$5M

Funding rounds

1

Latest round

Seed

Latest activity

Feb 2023