Seeded Network
A borrowing and lending protocol with a twist on the traditional DeFi integration.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
* | $1.3m | Seed | |
| Total Funding | 000k | ||
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Seeded Network operates as a decentralized finance (DeFi) platform and project incubator constructed on the Solana blockchain. Established in 2021 by Founder and CEO Ahmed Hamed Aly, the company has a base in Solana Beach, United States. The firm secured $1.25 million in a seed funding round on November 19, 2021, with participation from 13 institutional investors, including Solar Eco Fund, X21 Digital, Athena Ventures, and HG Ventures. An Initial Coin Offering (ICO) followed on February 9, 2022.
The platform's primary function is to facilitate cryptocurrency lending and borrowing. Users can lend digital assets to earn returns, use their assets as collateral for borrowing, and engage in staking to earn rewards. A distinct feature of its protocol on the Solana network is the ability to use Liquidity Provider (LP) tokens as collateral, which allows users to borrow other assets and adds utility across the network. This dual function as both a DeFi service provider and an incubator allows Seeded Network to support emerging projects with technical expertise, tokenomics, auditing, and fundraising connections.
The business model centers around its suite of DeFi products and its native utility token, $SEEDED. The staking product allows users to stake $SEEDED tokens to gain an allocation in an upcoming incubated project. The borrowing product enables participants to use existing assets, including LP tokens, as collateral to borrow native tokens like $SEEDED, which can then be staked for project allocations. Furthermore, the lending product provides users with competitive returns on their assets, with a "Locked Lending" feature for $SEEDED offering enhanced allocation for incubator projects. Early withdrawals from borrowing and lending products incur a penalty, which is distributed among stakers, the company's treasury, and a community-selected charity.
Keywords: decentralized finance, DeFi, Solana blockchain, crypto lending, crypto borrowing, project incubator, liquidity provider tokens, LP token collateral, staking, $SEEDED token, Ahmed Hamed Aly, crypto incubator, digital asset lending, tokenomics, blockchain finance, Solar Eco Fund, X21 Digital, Athena Ventures, HG Ventures, ZBS Capital