​ Stanford researcher-led Pledge raises $ 3m for decentralized | Best Crypto Traders Official

​ Stanford researcher-led Pledge raises $ 3m for decentralized lending protocol.
Researchers from Stanford University and U.C. Berkeley contributed to the development of the crypto-asset lending platform.

Decentralized lending protocol Pledge has secured $ 3 million in investments for its cross-chain ecosystem focused on long-term financing, highlighting the continued innovation in the DeFi sector.

Utilizing Binance Smart Chain, Pledge aims to facilitate long-term financing for crypto holders, something the researchers say has yet to be addressed in the industry. The protocol achieves this goal by allowing users to diversify their portfolios with non- crypto assets without being exposed to interest-rate volatility.
DeFi lending markets have exploded in popularity this year, attracting an influx of new users on the promise of higher yields and increased access to new markets. While Aave dominates the DeFi lending market, several protоcols have launched over the past year, each one providing its own valuе proposition.