According to BlockBeats, on August 28, the general lending market Echelon Market announced the completion of a $3.5 million seed round of financing, led by Amber Group, with participation from Laser Digital, Saison Capital, 280 Capital, Cypher Capital and others.

It is reported that Echelon's core currency market enables the lending of assets through non-custodial pools. All positions are overcollateralized to protect lenders while providing borrowers with the highest capital efficiency and cost-effective interest rates.