According to Foresight News, the decentralized lending protocol Echelon has officially announced the completion of a $3.5 million seed round led by Amber Group, with strategic partners including Laser Digital, Saison Capital, Selini Capital, Interop Ventures and Re7. The funds raised will be used to promote DeFi lending on Move-based blockchains. The Echelon protocol is developed using the Move programming language and is aimed at institutional markets on Movement, Aptos, Initia and other Move-based blockchains.