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DeFi lending platform Archimedes has raised a $4.9 million seed round, led by Hack VC

BlockBeats news: On February 2nd, Archimedes, the DeFi lending platform, announced the completion of a $4.9 million seed round of funding, led by Hack VC. Unassociated Venture, Psalion, Truffle Ventures, Cogitent Ventures, Haven VC and Palsar are among the participants. Archimedes' decentralized financial lending platform will launch this month. Archimedes offers the opportunity to multiply the user's original revenue by leveraging the platform and users will receive an NFT representing an income-generating stablecoin position that is leveraged up to 10 times the amount of principal collateral.

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