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§ Private Profile · Cayman Islands
Omnichain money market and lending protocol enabling lending, borrowing, and yield optimization for DeFi users, focused on stablecoin lending.
Curvance is an omnichain money market and lending protocol that enables decentralized finance users to lend, borrow, and optimize yields across multiple blockchains. The platform functions as a consolidated application for managing fragmented digital assets, specifically targeting yield-bearing tokens, liquid staking tokens, liquidity provider tokens, and tokenized treasuries. Operating within ecosystems like Curve and Convex, the protocol generates revenue through interest rates on loans while focusing on stablecoin lending and capital efficiency via peer-to-peer mechanisms. To support its development and exit from stealth mode, the organization raised $3.6 million in seed funding at a $60 million valuation from over twenty decentralized autonomous organizations and builders. This funding round secured strategic investments from prominent industry entities including Offchain Labs, Wormhole, Frax Finance, and Polygon co-founder Sandeep Nailwal. Curvance was founded in 2022 by Chris Carapola and Michael Butcher.
Curvance has raised $4.0M across 1 funding round.
Curvance has raised $4.0M in total across 1 funding round.
Curvance has raised $4.0M across 1 funding round. Most recently, it raised $4.0M Seed in December 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Dec 1, 2023 | $4M Seed | — | OP Crypto, Polygon Labs, Sterling Equity, Sandeep Nailwal, Offchain Labs, Wormhole Cross Chain Ecosystem Fund | Announced |
Curvance is a decentralized finance (DeFi) protocol that provides an omnichannel money platform for lending, borrowing, and yield optimization across multiple blockchains.[1][2][3] It enables users to deposit assets, earn yield through auto-compounding vaults, borrow against collateral without interrupting earnings, and leverage positions via one-click looping, primarily serving DeFi investors and developers seeking capital efficiency in a fragmented market.[2][3][5] Founded in 2022 and headquartered in Delaware (with some listings in Cayman Islands), Curvance raised $3.6M in seed funding in 2023 from backers like Offchain Labs, Wormhole, and contributors from Curve Finance and others; it has since expanded to support chains like Ethereum, Arbitrum, Optimism, Base, Polygon zkEVM, Blast, and Monad, with additional investment in 2025 from F-Prime Capital.[1][4][5][6] Growth momentum includes maturing features like smarter liquidations and modular architecture, positioning it as a key liquidity manager amid DeFi's evolution.[3][5]
Curvance was founded in 2022 by Chris Carapola and Michael Butcher, who identified fragmentation in DeFi as a core pain point—users struggled to manage investments across platforms for collateralization, leveraging, and yield optimization.[1][2] The idea emerged to build a consolidated "everything app" for DeFi lending and borrowing, starting with support for Ethereum and Layer 2s like Arbitrum, Optimism, Scroll, Base, and Polygon zkEVM, tapping liquidity from DEXs such as Curve, Balancer, and GMX.[1] Early traction came via a $3.6M seed round in December 2023, backed by prominent crypto players including Sandeep Nailwal (Polygon co-founder) and teams from Scroll, Mantle, and Eigenlayer, funding security audits, hiring, and operations expansion.[1] By 2025, it secured further investment from F-Prime Capital and rolled out advanced features, evolving into a modular protocol with multichain support.[4][5]
Curvance rides the DeFi trend toward multichain liquidity unification and capital efficiency, addressing fragmentation that hinders user adoption in a market exceeding billions in TVL.[2][5] Its timing aligns with 2025's Layer 2 proliferation and modular protocol rise, fueled by Ethereum scaling solutions and partnerships expanding its ecosystem.[1][4][5] Market forces like rising demand for non-custodial, composable tools favor it, as traditional CeFi risks push users to DeFi primitives; Curvance influences the ecosystem by enabling developer integrations and boosting liquidity across chains, akin to how Curve standardized stablecoin swaps.[1][2][3]
Curvance is poised to capture more DeFi market share through 2026 via deeper multichain expansions (e.g., Monad integration) and feature rollouts like enhanced plugins for automated strategies.[5] Trends like AI-driven yield optimization and regulatory clarity for DeFi will shape its path, potentially elevating its enterprise value beyond the current $14-22M estimate.[6] Its influence may evolve from niche lender to infrastructure layer, empowering dApps and solidifying its role in streamlined, efficient DeFi—turning fragmented complexity into seamless growth for users and builders.[2][4]
Curvance has raised $4.0M in total across 1 funding round.
Curvance's investors include OP Crypto, Polygon, Sterling Equity, Sandeep Nailwal, Offchain Labs, Wormhole Cross-Chain Ecosystem Fund.