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Echelon V1

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Category: Decentralised Borrowing & Lending
TVL: $12M

Echelon

Echelon Market is a universal lending market for the Move ecosystem, purpose-built with the Move programming language and currently deployed on Aptos, Movement, and Initia. The protocol enables users to supply and borrow digital assets through capital-efficient, risk-optimized, modular and isolated lending markets, with asset-specific e-mode for maximizing leverage. It also offers a Fixed Yield product that allows users to permissionlessly tokenize yield-bearing assets and trade fixed yields with leverage, using tokenized yield assets as composable collateral within the lending markets. The protocol relies on oracle providers including Chainlink, Pyth, and Switchboard for price feeds and has undergone multiple security audits from firms such as Ottersec, Zellic, Quantstamp, Plainshift, and Code4rena. Echelon serves DeFi users seeking yield, borrowers seeking leverage, and developers integrating modular lending markets, with partners including Ethena Labs, WBTC, Circle, PancakeSwap, TruFin, LayerZero, Wormhole, Pyth, Nightly, and Thala.
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Funding Rounds

Funding Round: Seed
Funding Date: 1 Aug, 2024
Raised Amount: $3.5M

Investors