RWA leverage protocol 3F raises $4 million in funding, led by Maven 11

According to Odaily, the vault protocol 3F, built on the decentralized lending protocol Morpho, has completed a total financing of 4 million US dollars, led by Maven 11, with participation from F-Prime, GSR, a certain exchange, and other institutions. The company has not disclosed the specific valuation.

It is reported that 3F is built on top of Morpho, with the goal of enabling users to gain RWA leveraged exposure through “one-click operation.” Users simply select the target asset and leverage multiple, and the protocol will automatically complete the entire position-building process: including purchasing the underlying asset through short-term bridge financing, depositing it as collateral into Morpho, and borrowing stablecoins to repay the financing.

This mechanism essentially simplifies the traditional “looping” process in DeFi, namely repeatedly buying assets, collateralizing, borrowing, and reinvesting. While this process can be efficiently completed with flash loans in purely crypto asset scenarios, it is usually more complex and inefficient in RWA scenarios due to settlement delays and other issues.

3F is expected to officially launch in the second quarter of this year.