Mar 24 2022
Lunar Labs Co-Founder Luke Youngblood Talks Moonwell Artemis and Over-Collateralized Loans
Luke Youngblood is the co-founder of Lunar Labs, which is developing the Moonwell DeFi protocol for lending and borrowing. Moonwell Artemis will be activated by the Moonwell community on Moonbeam, the gateway to the Polkadot ecosystem. Moonwell users will be able to supply assets to earn rewards, and obtain assets through over-collateralized loans while earning tokens as rewards for providing liquidity.Moonwell recently secured a strategic funding round for the development of Moonwell Artemis. The round was co-led by Hypersphere Ventures and Arrington Capital, raising $10 million at a $90 million valuation. Additionally, a number of leading crypto and Polkadot ecosystem funds participated. These include: Katie Haun’s new firm, Lemniscap, C Squared, Mirana Ventures, nfr, Woodstock, Robot Ventures, Signum Capital / UOB Ventures, Charterhouse Strategic Partners, KeyChain Capital, and FMFW.To learn more about the project visit the Moonwell website and follow the team on Telegram, Discord and Twitter.Disclaimer: This is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice.