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Zoo Finance secured $8 million in financing, utilizing a split protocol to activate lock-up positions of tokens.

[Coin World] Zoo Finance has just secured $8 million in a strategic round, and DeFi players dedicated to solving the liquidity challenges of Lock-up Position Tokens are taking new actions.

What are they focusing on? They are splitting those locked-up tokens that cannot be moved into two parts—VT (Lock-up Position Certificate) and YT (Yield Right Certificate). This LVT and LNT protocol directly transforms the vested tokens into tradable assets, allowing SAFT holders and node operators to finally conduct over-the-counter transactions on-chain, and future earnings can also be realized in advance.

This round is led by Bitrise Capital, with follow-on investments from Signum Capital, Certik Ventures, TOP, CGV Funds, and Cryptomeria. Including the funds from previous investors CMS Holdings, Big Brain Holdings, and DefinanceX, Zoo Finance has raised a total of $10 million.

Lock-up Position liquidity has always been a tough issue, and now someone is using a split logic as a breakthrough. Looking at the institutional lineup, this matter is indeed not to be taken lightly.

VT-4.43%
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ClassicDumpstervip
· 21h ago
8 million USD just to split the Lock-up Position Token? I need to think about this logic... Trading VT and YT separately, to put it simply, is still about making dead money come alive, quite a clever trick, but... how can the rights to the subsequent benefits be guaranteed? I’m afraid it’s just another game of pass the parcel.
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StrawberryIcevip
· 22h ago
The idea of splitting Lock-up Position Tokens is indeed intriguing, but can it really be implemented? It feels like another project with a beautifully ideal concept.
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EthMaximalistvip
· 22h ago
Investing 8 million dollars in this matter feels a bit over-engineered... Just dismantling VT and YT can activate the Lock-up Position coins? Doesn't that just sound like cashing out in advance?
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MEV_Whisperervip
· 22h ago
The 8 million dollar funding amount... feels a bit unrealistic. There are still few projects that can truly land and solve the Lock-up Position problem. Let's wait and see.
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