Archimedes

Archimedes Finance is a decentralized lending and borrowing marketplace that allows users to deposit assets and use them as collateral to create leverage positions by borrowing the protocol’s native stablecoin, lvUSD, against them. The Archimedes marketplace is made up of both proprietary and free, public, and open-source software.Your use of Archimedes involves various risks, including, but not limited to, losses while digital assets are deposited into Archimedes via smart contract or economic exploits, and losses due to liquidations, depegging and redemptions. Before borrowing, taking leverage, or liquidity providing, you should fully review the rest of our documentation to understand how the Archimedes marketplace works.DeFi lending and borrowing marketplace Archimedes raised $4.9M in a seed funding round led by Hack VC, with participation from Uncorrelated Venture, Psalion, Truffle Ventures, Cogitent Ventures, Haven VC and Palsar.