Liquidium
Liquidium is a decentralized, non-custodial peer-to-peer lending protocol that enables native Bitcoin-backed borrowing and lending across chains without bridges or KYC, serving crypto-native holders, Bitcoin miners, and DeFi builders via its web app and SDK.
- Company typePrivate
- Founded2023
- HeadquartersDelaware, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingSoftware
What Liquidium does
Liquidium, legally Fungus Inc. and headquartered in Delaware, operates a decentralized, non-custodial peer-to-peer lending protocol focused on native Bitcoin-backed loans. Its core product lets users supply BTC or stablecoins as collateral and borrow across supported chains without centralized bridges, wrapped tokens, or KYC/credit checks, using ICP's Chain Fusion technology and decentralized canister vaults for threshold-cryptography-secured cross-chain coordination. The platform offers several product surfaces: the base cross-chain lending protocol, a Borrow feature and a Lend feature for standard supply/borrow flows, accountless Simple Loans that remove the need for browser wallet connection, custom Liquidium Vaults for structured treasury and fund strategies, a vertical-specific offering for Bitcoin miners with up to 65% LTV, and a TypeScript SDK plus AI-agent skill that lets wallets, exchanges, portfolio apps, and autonomous agents embed native Bitcoin lending flows.
The company generates revenue primarily from the spread between variable, market-driven borrow APYs and supply yields across lending pools (e.g., USDC borrow APY around 2.29% and USDT borrowing around 1.76% APY as displayed on the product), with no subscription fees or per-seat pricing. Go-to-market is product-led and community-led via the self-serve web app, a developer relations program through GitHub and Discord, content marketing on the company blog and docs site, and embedded SDK distribution into partner products. Customer segments are crypto-native Bitcoin holders seeking liquidity without selling, Bitcoin mining operations needing BTC-backed working capital, and DeFi builders integrating lending into their own products via the SDK. The protocol has reported $1.85M in total deposits, $345K in active loans (with 73.9% growth over 30 days), 129k+ total loans and $336M+ cumulative volume across its product history, and has raised approximately $4M in cumulative funding (a $1.25M pre-seed in December 2023 and a $2.75M seed in July 2024) from investors including Asymmetric, Bitcoin Frontier Fund, Sora Ventures, Stacks Foundation, and Wise3.
Liquidium firmographics
Firmographics- Name
- Liquidium
- Legal name
- Fungus Inc.
- Website
- https://liquidium.fi
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Liquidium is a decentralized, non-custodial peer-to-peer lending protocol that enables native Bitcoin-backed borrowing and lending across chains without bridges or KYC, serving crypto-native holders, Bitcoin miners, and DeFi builders via its web app and SDK.
- Ownership category
- akta.pro rank
Liquidium industry classification
Industry- Product category
- Decentralized Bitcoin Lending Protocol
- NAICS
- Securities and Commodity Exchanges (523210), Commercial Banking (52211)
- SIC
- Finance Services (6199), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Decentralized Lending Protocols (DeFi Money Markets) (FSADAFAB)
- akta.pro secondary industries
- Liquidity Bridges & Cross-Chain Swaps (bridge aggregators, intent-based swaps) (FSAPAKAC), Cross-Chain Trading & Liquidity Routing (multi-chain swaps, bridge-integrated trading) (FSAPADAJ)
Keywords
Where Liquidium is headquartered
LocationHeadquarters
- HQ city
- Delaware
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Liquidium business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations
Revenue model
- Liquidity Fees (Interest on Loans): Borrowers pay a liquidity fee (interest) that accrues throughout the loan term. Fees are variable and dynamically change depending on market and protocol conditions. Liquidity Providers receive a liquidity provision fee for supplying tokens to the protocol. The borrow APY displayed on the platform (e.g., 2.29% for USDC borrowing) represents the cost to the borrower and yield to the lender.
- No-Bridge Cross-Chain Lending Fees: By avoiding centralized bridges and wrapped assets, the protocol reduces cross-chain fees for users. The protocol generates revenue from the spread between borrow rates and supply yields across cross-chain lending pools.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Variable APY market-based lending rates |
| Usage-based | Pay-as-you-go | Bitcoin Miner Working Capital Loans |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels7 records
Liquidium product offering
Product offeringCore offering
Liquidium is a decentralized, non-custodial cross-chain lending protocol built on the Internet Computer (ICP) using Chain Fusion technology. Users supply native Bitcoin and other supported assets as collateral and borrow stablecoins (USDC, USDT) across blockchain networks without centralized bridges or wrapped tokens. The platform also offers a developer SDK for embedding lending flows into partner wallets and applications.
Product overview
Liquidium is a decentralized non-custodial cross-chain lending platform built on the Internet Computer Protocol (ICP) using Chain Fusion technology. The core platform enables native Bitcoin-backed lending and borrowing across multiple blockchains without centralized bridges or wrapped tokens. The product portfolio includes the main Liquidium Protocol for cross-chain lending, the Borrow and Lend features for basic lending operations, Simple Loans for accountless wallet-free borrowing, the Liquidium SDK for developer integrations, Liquidium for Miners as a vertical-specific solution, and Liquidium Vaults for custom institutional products. Users can supply Bitcoin, Ethereum, or stablecoins as collateral and borrow across chains, with Solana support coming soon.
Differentiator
Problem solved
Functional benefit
Products and services
- Liquidium Protocol
- Simple Loans
- Liquidium SDK
- Liquidium for Miners
- Liquidium Vaults
- ICP Collateral
Quantifiable outcome
- Total deposits of $1.85M with 20.2% growth in 30 days
- +4 more outcomes
Companies that use Liquidium
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
Liquidium technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration7 records
Feature5 records
Liquidium partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core, moderate and minor.
- DfinitycoreDfinity (creator of the Internet Computer Protocol) is the infrastructure backbone of Liquidium. Liquidium uses ICP's Chain Fusion technology for native cross-chain lending. Pierre Samaties, CBO at Dfinity, has publicly endorsed Liquidium as a key Bitcoin DeFi application on ICP.
- NakamotomoderateTyler Evans, CEO at Nakamoto, has publicly praised Liquidium as an innovator in the Bitcoin space and a flagship peer-to-peer lending application. Nakamoto is a Bitcoin financial services company.
- PUPS (Pups DAO)minorFarmer Joe, Founder at PUPS, is a publicly vocal user of Liquidium and promotes it as a go-to yield play on Bitcoin for stacking sats.
- XversemoderateJan Smejkal, CSO at Xverse (a Bitcoin wallet), has publicly stated that Liquidium has been pushing the boundaries of Bitcoin DeFi since the beginning of Ordinals in 2023, calling them 'the OGs of Bitcoin DeFi'.
- HermeticaminorJakob Schillinger, CEO at Hermetica (Bitcoin financial products), has publicly endorsed Liquidium as leading the way in Bitcoin DeFi and reimagining what is possible on the Bitcoin chain.
- Trail of BitsmoderateIndependent security firm that conducted a review of Liquidium's ICP canisters powering cross-chain loans. Reviewed loan logic, asset interactions, and protocol behavior. 25 findings reported, 24 resolved, 1 informational. The review report is publicly available on Trail of Bits' publications page.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
Liquidium competitors and assessment
Company assessmentDirect peers
- Sovryn: Bitcoin-rooted DeFi protocol offering lending, borrowing, and trading built natively on Bitcoin (via RSK/rootstock). Directly comparable to Liquidium as a Bitcoin-first, non-custodial lending venue targeting BTC holders.
- Morpho: Optimized DeFi lending layer built on top of lending pools. Comparable to Liquidium in non-custodial lending primitives and developer-facing infrastructure, though currently focused on EVM ecosystems.
- Radiant: Cross-chain money market using LayerZero for omnichain lending. Highly comparable to Liquidium's omnichain/cross-chain lending ambition, though Radiant relies on bridging/messaging layers rather than Chain Fusion.
- Silo Finance: Isolated lending markets protocol on Ethereum. Comparable to Liquidium as a non-custodial DeFi lending primitive targeting structured and risk-isolated borrowing, though EVM-only and without native BTC collateral.
- Euler: Modular DeFi lending protocol with permissionless market creation. Compares to Liquidium's vault-based architecture and developer extensibility, with overlapping positioning in advanced lending primitives.
Broad incumbents
- Aave: Largest EVM-based decentralized lending market with wBTC and other BTC-correlated markets. Overlaps with Liquidium on BTC-collateralized lending but operates on EVM chains using wrapped BTC rather than native BTC.
- Compound: Pioneer EVM-based algorithmic lending protocol with BTC markets. Liquidium explicitly compares itself to Compound on its website, and they overlap on the lender/borrower market primitive though Compound uses cBTC/wBTC.
- MakerDAO / Sky: Largest decentralized credit platform issuing DAI/sDAI. Overlaps with Liquidium on the borrower side (BTC collateral vaults) but operates a much broader stablecoin-centric model.
Emerging players
- StarkDeFi (Starknet lending): DeFi lending on Starknet. Comparable as an emerging non-custodial lending protocol serving a specific L2 ecosystem, similar in maturity and chain-native ethos to Liquidium on ICP/Bitcoin.
- Particle Network: Cross-chain liquidity and account-abstraction infrastructure. Adjacent to Liquidium's cross-chain lending thesis and useful as a comparison for unified multi-chain liquidity tooling.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Liquidium social profiles
Digital presenceLiquidium compliance and trust
Trust signalCompliance2 records
Liquidium financial estimates
Financial estimateRevenue estimate
Valuation estimate
Liquidium leadership team
Management profileNumber of profiles
Profiles4 records
Liquidium funding detail
Funding detailFunding overview
Funding rounds3 records
Investors16 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Liquidium M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Liquidium
What does Liquidium do?
Liquidium is a decentralized, non-custodial cross-chain lending protocol built on the Internet Computer (ICP) using Chain Fusion technology. Users supply native Bitcoin and other supported assets as collateral and borrow stablecoins (USDC, USDT) across blockchain networks without centralized bridges or wrapped tokens. The platform also offers a developer SDK for embedding lending flows into partner wallets and applications.
Is Liquidium a public or private company?
Liquidium is a private company. It is classified as venture growth investor backed and is currently operating.
When was Liquidium founded?
Liquidium was founded in 2023. It employs 11 to 50 people.
Where is Liquidium based?
Liquidium is headquartered in Delaware, United States, in the North America region.
How does Liquidium make money?
Two revenue lines are on record. Liquidity Fees (Interest on Loans) is the primary driver. The others are no-Bridge Cross-Chain Lending Fees.
Who are Liquidium's main competitors?
Direct peers on record are Sovryn, Morpho, Radiant, Silo Finance and Euler. Broad incumbents are Aave, Compound and MakerDAO / Sky. Emerging players are StarkDeFi (Starknet lending) and Particle Network.
Does Liquidium have an API?
Yes. The Liquidium SDK is a TypeScript client that enables developers to integrate Liquidium lending and borrowing flows into their own applications. Developers can use the SDK to fetch available lending offers, create and manage loan requests, connect user flows to Liquidium lending infrastructure, work with typed request and response objects, and build custom frontend or backend experiences on top of Liquidium. The SDK supports two integration paths: (1) Accountless Simple Loans for short borrowing flows where users choose terms, fund a deposit target, and manage loans through a receipt, and (2) Account-based profile flows for full connected-wallet lending dashboards with supply, borrow, withdraw, repay, positions, and history. All available protocol functions are accessible: supply collateral, borrow against collateral, repay debt, withdraw funds, position queries, and health-factor monitoring. Installation via npm: npm i @liquidium/client. Developer documentation is at liquidium-inc.github.io/liquidium-sdk.
What industry is Liquidium in?
Liquidium's product category is Decentralized Bitcoin Lending Protocol. Its primary akta.pro industry code is FSADAFAB, Decentralized Lending Protocols (DeFi Money Markets), with a secondary code of FSAPAKAC, Liquidity Bridges & Cross-Chain Swaps (bridge aggregators, intent-based swaps). Its NAICS code is 523210 and its SIC code is 6199.