Foresight News reported that Templar Protocol, a decentralized on-chain lending protocol based on Bitcoin, announced the completion of a $4 million Pre-Seed funding round, with investments from Robot Ventures, Digital Asset Capital Management, Proximity Labs, Blackdragon Capital, and NEAR Protocol.

The Templar lending protocol uses multi-party computation (MPC) networks and open-source smart contracts built on NEAR to ensure that borrowers have full control over their collateral without the need for a trusted third party (TTP).