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

The vault protocol 3F, built on the decentralized lending protocol Morpho, has completed a total financing of 4 million USD, led by Maven 11, with F-Prime, GSR, and a certain exchange participating. The company did not disclose its specific valuation.

Reportedly, 3F is built on top of Morpho, aiming to provide users with RWA leveraged exposure through "one-click operations." Users only need to select their target asset and leverage multiplier, and the protocol will automatically complete the entire position-building process: this includes purchasing the underlying asset with short-term bridge financing, using it as collateral to deposit into Morpho, and borrowing stablecoins to repay the financing. This mechanism essentially simplifies the “looping” process in traditional DeFi, i.e., repeatedly buying assets, collateralizing, borrowing, and reinvesting.

While this process can be efficiently completed through flash loans with pure crypto assets, it is usually more complex and less efficient in the RWA scenario due to settlement delays and other issues. 3F is expected to officially launch in the second quarter of this year.