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Elastos completes $20 million financing and plans to expand BTC Decentralized Finance protocol BeL2
Foresight News, according to CoinDesk, Decentralized Finance infrastructure provider Elastos has raised $20 million from private investment firm Rollman Management to expand its BTC Decentralized Finance protocol BeL2 and promote its merged mining token ELA as a BTC reserve asset. BeL2 allows BTC holder to mortgage BTC and access Ethereum blockchain Smart Contract services, such as stablecoin minting and peer-to-peer lending.