Decentralized loan project Teller received US$1 million in seed funding, led by Framework Ventures

Teller, a decentralized lending project incubated by a16z’s crypto entrepreneurship school, announced the completion of a $1 million seed round of financing, led by Framework Ventures, with participation from Parafi Capital and Maven11 Capital. According to the official introduction, Teller Protocol is a protocol that allows developers to create an unsecured lending market on the Ethereum blockchain. This protocol can interoperate with centralized data providers and credit agencies and calculate the consumer credit risk of loans. Teller will build the first open source credit risk algorithm (CRA) protocol for decentralized finance (DeFi), and integrate data from traditional credit scoring systems (such as Equifax) into the decentralized lending market to achieve traditional The connection between finance and the DeFi world.