DeFi Platform Gluwa Secures $500,000 for Latest OpenFi Bond Account Fundraise Round

Gluwa, a DeFi platform committed to bridging the existing gap between crypto utility and real-world opportunities (OpenFi) today announced it had added another $500,000 to its Gluwa Invest Bond Account.

Gluwa Adds Another $500,000

Notably, the freshly added funds will be used toward financing real-world businesses and infrastructure in under-privileged locations that do not have seamless access to funding.

The amount of $500,000 was collected in sUSDC-G – a Gluwa-native wrapper over the leading stablecoin USDC. The amount will be used to finance the third loan tranche to JenFi, a financing firm that is focused on digital-native businesses and startups in Southeast Asia.

It’s worthy of note that the sum was raised in a mere 24 hours from 23 investors who contributed $21,739 on average. In return, investors obtain a 12 percent annualized yield for a three-month lockup.

To date, Gluwa invest has received more than $1.8 million and boasts a default rate of 0 percent courtesy of a careful investment partner selection procedure. Besides the base yield, investors are also eligible to receive 5 CTC tokens for each $100 invested in this round, which subsequently boosts the yield.

High Demand for Gluwa Invest’s Yield

The rapid conclusion of Gluwa’s fundraiser is a testimony to the strong demand for Gluwa Invest’s yield and the fact that it is yet to be completely tapped.

It should be recalled that in a bear market, yield opportunities primarily derived from margin-long trading are hard to find. This, in turn, makes the opportunities available in the real world a lot more valuable.

Gluwa Invest uses digital assets to source funds across the world. However, at the same time, it is also completely committed to real-world economic opportunities. In this way, Gluwa can offer much more stable yields compared to other DeFi protocols in the long term and a completely fixed yield in the short term.

The Bond Account program will be expanded further on the back of its recent success. Over time, the program will offer more products in a “à la carte” choice of different maturities and terms. One of the first new opportunities is expected to offer a lucrative 15 percent APY for a 12-month maturity.

Commenting, Brendan O’Toole, Head of Product at Gluwa, said:

“Our Bond Account program keeps on growing and exhausting all available allocations almost immediately. The market clearly has a lot of appetite for stable yield opportunities. The great thing about Gluwa is that it’s based on real world enterprises, and doesn’t care about the ups and downs of the crypto market.”