- Raised $9.5 million from Polychain Capital, YZi Labs, and VanEck
- Capital will fund engineering hires, marketing, and product updates
- Provides Concrete for EVM chains and Glow for Solana lending
In traditional finance, depositing funds into a savings account often yields a predictable interest return with minimal effort. In contrast, crypto holders face a complex process to generate returns on their digital assets. They must navigate decentralized lending platforms, manage collateral requirements, and monitor liquidation thresholds. Blueprint Finance emerged in 2023 to streamline this process for investors at all levels. By focusing on intuitive interfaces and automated strategies, Blueprint Finance aims to bridge the gap between the promise of decentralized finance and the practical needs of everyday crypto users.
Blueprint Funding Round Overview
On Monday, Blueprint Finance announced the successful closure of a $9.5 million funding round led by Polychain Capital, with participation from YZi Labs (formerly Binance Labs) and VanEck. This infusion brings the company’s total capital raised to $17 million, following a previous $7.5 million round in early 2024. The new financing will support Blueprint’s mission to simplify decentralized lending, providing resources to enhance its products and expand its team in New York and beyond.
Simplifying DeFi Lending with Blueprint
Engaging in DeFi lending typically involves connecting a wallet, selecting lending pools across multiple protocols, and manually managing collateral ratios to avoid liquidations. Blueprint removes these hurdles by offering a unified dashboard that aggregates lending opportunities across EVM-compatible networks and Solana. Users no longer need to track varying interest rates or switch interfaces; Blueprint handles collateralization and liquidation parameters behind the scenes. This approach reduces both the technical barrier and the time commitment required to earn yields on assets like ETH, USDC, and SOL.
Product Launch Timeline by Blueprint: Concrete and Glow
Blueprint released its first product, Concrete, in early 2024. Concrete targets all blockchains running the Ethereum virtual machine — including Ethereum mainnet, Base, and Polygon — to provide seamless access to lending and borrowing markets. Later in the year, Blueprint expanded its lineup by acquiring Jet Protocol and rebranding it as Glow. Glow serves the Solana ecosystem, enabling investors to lend, borrow, and trade within a single platform. Both Concrete and Glow generate revenue through performance fees on earned interest and management fees for facilitating loans.
Industry Growth of Crypto Lending
The crypto lending sector has grown rapidly, surpassing a market value of $36 billion in recent years. Institutional interest has surged, prompting major players like Coinbase to launch a lending program for its institutional clients in 2023. Retail-focused platforms such as Morpho and Aave have also captured significant market share by offering competitive interest rates on tokens like DAI and USDT. Blueprint enters this expanding landscape with a focus on usability, aiming to attract investors who might otherwise be deterred by the technical complexity of existing protocols.
Strategic Allocation of New Capital
Blueprint Finance plans to allocate the $9.5 million primarily toward talent acquisition, engineering development, and targeted marketing initiatives. CEO Nic Roberts-Huntley emphasized the need for specialized engineers to build advanced automation and risk-management tools, as well as marketing efforts to educate potential users on the benefits of decentralized lending. By strengthening its core team and enhancing platform stability, Blueprint aims to capture a growing share of both institutional and retail users in the coming 12 to 18 months.
Conclusion
As the crypto lending market continues its rapid expansion, Blueprint Finance stands out by focusing on user experience and automation. With $17 million in total funding and two products—Concrete and Glow—covering EVM chains and Solana, Blueprint is well-positioned to simplify DeFi for a broad audience. The company’s strategic use of its latest $9.5 million round will accelerate product improvements and user acquisition, reinforcing its commitment to making decentralized finance more accessible and efficient.
Disclaimer
The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from CryptoNewsBytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from any company.
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