Liquidium - We've made history!

Dear Investor,

We have made history! Our CTO, Pete, was the first person ever to broadcast a loan transaction on Layer-1 Bitcoin. We used an ordinal as collateral to borrow native BTC, and everything was done on the native Bitcoin mainnet using DLCs and PSBTs. We aim to launch our closed beta as soon as this week.

In terms of funding, we have received more soft commitments throughout last week, exceeding our $500k target. While we are waiting for the due diligence of some VCs and angels, we are still open to receiving smaller investments ($25k - $100k). The current round, at $5M, will stay private and will be closed before June 27th (Demo Day). After demo day, we will open a second (public) tranche with a higher valuation of $7M. All SAFEs prior to June 27th will remain at the $5M valuation cap.

We are also happy to announce that we have decided to include a Token MFN in our SAFE, proportional to the equity.

In other news, I recently gave a lecture on Blockchain & AI as a guest lecturer at Hochschule Fresenius in Munich. I was also interviewed by BlockTalk about Liquidium, and Bunzy and Seak hosted a Twitter Spaces event on the same topic with about 700 listeners. Additionally, the number of Bitcoin transactions and new active addresses have both reached all-time highs.

Accomplishments:

CTO Pete completed the first loan on Mainnet Layer-1 Bitcoin: https://twitter.com/LiquidiumFi/status/1664029048564252672?s=20
Robin gave a lecture on Blockchain & AI at Hochschule Fresenius in Munich as a guest lecturer
Liquidium had talks with Pine Protocol regarding a potential partnership
Robin was interviewed by BlockTalk about Liquidium and the podcast was uploaded to all major podcasting platforms: https://pineappleworkshop.com/podcast/defi-on-bitcoin
Bunzy and Seak hosted Twitter Spaces about Liquidium with about 700 listeners: https://twitter.com/0xBunzy/status/1664710989499998210?s=20 & https://twitter.com/LiquidiumFi/status/1664693764793815052?s=20
Mobile UI is complete
Researched how to decentralize the protocol
Backend setup to help optimize UX
Finished E-Mail list for early access
New Logo & Twitter Banner Concepts

Market Overview

Highlights

The number of bitcoin transactions is at an all-time high: https://twitter.com/petehodl/status/1665578935701192704?s=20
number of new active addresses is at an all-time high: https://twitter.com/LeonidasNFT/status/1665213513277530113?s=20
- seems like a lot of users are coming to Bitcoin from other chains

Opportunity

NFT lending has seen increased activity with new companies entering the space. Blur released BLEND, a peer-to-peer NFT lending protocol on Ethereum, and Binance launched their own NFT lending platform.

Dune Analytics reports that the NFT lending market on Ethereum has almost reached $2 billion in borrowing volume. In addition, Ordinals have been experiencing substantial weekly growth.

Liquidium is applying a similar concept to Ordinals, which we believe will have a significant impact on the current market. This will be the first DeFi solution for Ordinals, allowing users to borrow and lend BTC using Ordinals as collateral.

https://dune.com/impossiblefinance/nft-lending-aggregated-dash

https://dune.com/dgtl_assets/bitcoin-ordinals-analysis