DeFi Project iquiCore Raises $6.3M
Liquidity infrastructure project iquiCore, building on the BNB Chain, has raised approximately $6.3 million from investors including Multicoin Capital. The project aims to solve fragmented DeFi liquidity by creating a single vault model, with its testnet now active.
Liquidity infrastructure project LiquiCore is positioning itself as a foundational layer for DeFi on the BNB Chain, aiming to solve the persistent problem of fragmented liquidity. The project’s core concept is a single, coordinated capital layer, where liquidity providers (LPs) can deposit funds into a single vault that is then actively routed across various decentralized exchanges, lending markets, and token launchpads. This model is designed to make capital more productive, moving away from the "mercenary liquidity" that chases short-term incentives and often leaves markets unstable. The project's approach treats liquidity as a public utility—aiming for it to be constantly available, reliable, and transparently priced. To access this liquidity, projects are required to deposit a bond, creating a "skin-in-the-game" dynamic intended to protect LPs from malicious actors. This "Liquidity as a Service" (LaaS) model allows new or scaling protocols to get plug-and-play access to deep capital pools, reducing slippage and tightening spreads on integrated dApps. For liquidity providers, LiquiCore offers two deposit options: flexible and committed. Flexible liquidity can be withdrawn after a cooldown and is routed to lower-risk strategies. Committed liquidity is locked for a set period, offering higher yields and access to project-specific liquidity, ensuring stability for partner protocols. The entire system, including all rules, routing, and revenue flows, is enforced by on-chain smart contracts. The decision to build on the BNB Chain is a strategic one, capitalizing on the network's high throughput, low transaction latency, and low gas fees, which make the frequent rebalancing and routing of liquidity economically feasible. The BNB Chain has seen significant growth, with daily active users on its opBNB layer reaching 4.7 million and Total Value Locked (TVL) on the main chain growing by 58.2% in 2024 to $5.5 billion. LiquiCore's testnet is currently active, with a mainnet launch anticipated in the near future.
