Iagon Secures 350,000 ADA Loan via Levvy Finance to Boost Growth

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.

Purpose of the Loan

The funds will primarily support:

• New exchange listings to boost liquidity and accessibility of the IAG token.
• Ecosystem integrations with other platforms and partners.
• Regulatory compliance efforts, including GDPR, critical for Iagon’s storage solutions.

The loan is part of Iagon’s broader push to expand its market presence, strengthen liquidity pools, and support enterprise adoption.

Strategic Context

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:

• A collaboration with Würth for secure 3D printing and IP protection.
• Work with Ford Motor Company and Cloud Court on legal document management solutions.

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.

What’s Unclear

Details about the loan terms (interest, repayment, collateral) remain undisclosed. The agreement was facilitated through Levvy Finance, a Cardano-based lending protocol.

Other Such Crypto Loans In The Past

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