BlockBeats news, October 7 — Founders Fund, backed by billionaire Peter Thiel, led a $5 million purchase of governance tokens ANVL from the DeFi collateral protocol Anvil, with participation from Pantera Capital, Theta Blockchain Ventures, Bullish, and Protoscale Capital. The specific terms and valuation of the deal have not been disclosed. Anvil stated that the tokens purchased came from the project's existing treasury and were not newly issued.
Anvil is based on Ethereum and aims to use digital assets as collateral for financial commitments such as payments and credit. Its research and development company, Anvil Research Labs, has simultaneously launched an SDK to help enterprises and financial institutions integrate the protocol without writing blockchain code. Consensus, Bitcoin.com, and payment company Flexa have been listed as partners.
Currently, ANVL has a total supply of 100 billion tokens, with a circulating supply of about 80 billion. Anvil Network's TVL is approximately $14 million. Unlike traditional DeFi lending protocols, Anvil mainly provides guarantees for financial commitments through on-chain collateralized assets, rather than allowing users to borrow and pay interest.

