Iagon, a decentralized storage and compute platform built on the Cardano blockchain, has secured a 350,000 ADA loan (≈$115K–$140K USD) through Levvy Finance.
Author: Sahil Thakur
Iagon, a decentralized storage and compute platform built on the Cardano blockchain, has secured a 350,000 ADA loan (≈$115K–$140K USD) through Levvy Finance to accelerate its next phase of growth. The project confirmed the loan on August 16, 2025, just two days after announcing its application.
The funds will primarily support:
The loan is part of Iagon’s broader push to expand its market presence, strengthen liquidity pools, and support enterprise adoption.
Iagon is positioning itself as a decentralized alternative to cloud giants like AWS, Google Cloud, and Microsoft by tapping into underutilized global computing and storage resources.
The loan also aligns with recent partnerships:
Additionally, the funds will support Iagon’s Liquidity Rewards Program, where delegators and liquidity providers are rewarded in IAG and other ecosystem tokens.
Iagon has previously raised $3.4M in seed/private rounds and $450K in a public sale (2021), alongside government grants from Innovation Norway and tax incentives under Skattefunn.
Details about the loan terms (interest, repayment, collateral) remain undisclosed. The agreement was facilitated through Levvy Finance, a Cardano-based lending protocol.
| Project | Loan Amount | Platform / Lender | Purpose | Date |
|---|---|---|---|---|
| MakerDAO | $100M USDC credit line | Maple Finance (via Huntingdon Valley Bank) | Provide real-world asset (RWA) lending exposure to DAO treasury | August 2022 |
| Aave DAO | $16.5M GHO liquidity loan | Gauntlet / On-chain borrowing facility | Bootstrap liquidity for GHO stablecoin launch | July 2023 |
| Celsius (bankruptcy proceedings) | $1B+ loans settled | Various DeFi protocols (Maker, Aave, Compound) | Collateralized loans repaid during restructuring | Mid–2022 |
| RealT (tokenized real estate) | $750K DAI loan | MakerDAO vault | Finance U.S. real estate properties | 2021 |
| Iagon | 350,000 ADA (~$115K–$140K) | Levvy Finance (Cardano) | Exchange listings, integrations, compliance | August 2025 |
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