1/ What's new in #DeFi?
Every month I follow where the money flows to find out.
Early-stage projects that secure funding during bear markets have a good chance of thriving in bull runs.
Here's the current state of fundraising & top 5 projects that just raised money: 🧵
Every month I follow where the money flows to find out.
Early-stage projects that secure funding during bear markets have a good chance of thriving in bull runs.
Here's the current state of fundraising & top 5 projects that just raised money: 🧵
2/ First of all, the downward trend in fundraising was finally reversed.
There were 105 crypto fundraising deals worth $1.27B in January – up from 83 deals in December 2022.
It's a good bullish sign, if the amount of deals and their USD value continues to increase.
There were 105 crypto fundraising deals worth $1.27B in January – up from 83 deals in December 2022.
It's a good bullish sign, if the amount of deals and their USD value continues to increase.
3/ The web3 and infrastructure fields saw the most deals.
DeFi accounted for 18 of those deals—up from just 10 in December.
However, by value, DeFi lags behind every other sector, raising only $68.2M in total.
DeFi accounted for 18 of those deals—up from just 10 in December.
However, by value, DeFi lags behind every other sector, raising only $68.2M in total.
4/ I focus on seed round investments by prominent VCs.
Most of these project don't have a token yet, but if the market sentiment continues to improve, I expect them to launch tokens soon.
There are already 40 projects on my watch list at: ignasdefi.notion.site
Most of these project don't have a token yet, but if the market sentiment continues to improve, I expect them to launch tokens soon.
There are already 40 projects on my watch list at: ignasdefi.notion.site
5/
1️⃣ Diva is a an Ethereum Liquid Staking Derivative (LSD) protocol powered by Distributed Validator Technology (DVT).
Stake $ETH and receive tradable divETH that earns staking rewards.
You can also install 'diva operator' and earn extra rewards on your ETH by running a node.
1️⃣ Diva is a an Ethereum Liquid Staking Derivative (LSD) protocol powered by Distributed Validator Technology (DVT).
Stake $ETH and receive tradable divETH that earns staking rewards.
You can also install 'diva operator' and earn extra rewards on your ETH by running a node.
6/ The goal of Diva is to further decentralize Ethereum staking,
Diva protocol relies on Distributed Key Generation for more resilience to outages and censorship.
Team raised $3.5M from Gnosis, Bankless, OKx, and many more angle investors than I have friends.
Diva protocol relies on Distributed Key Generation for more resilience to outages and censorship.
Team raised $3.5M from Gnosis, Bankless, OKx, and many more angle investors than I have friends.
7/ By the way, you can find more in-depth insight on DeFi by subscribing to my Substack blog:
ignasdefi.substack.com
ignasdefi.substack.com
8/
2️⃣ @ElixirProtocol is building an algorithmic market making (MM) protocol.
It enables anyone to participate in MM on both CEXes and DEXes.
Their Protocol-Owned liquidity model allows dApps to share MM returns to their communities.
2️⃣ @ElixirProtocol is building an algorithmic market making (MM) protocol.
It enables anyone to participate in MM on both CEXes and DEXes.
Their Protocol-Owned liquidity model allows dApps to share MM returns to their communities.
9/ Elixir is already being used by Perpetual Protocol, dYdX, Sudoswap, and the Perennial project teams.
Elixir raised $2.1M from FalconX, Op Crypto, KuCoin, and Arthur Hayes himself.
Elixir raised $2.1M from FalconX, Op Crypto, KuCoin, and Arthur Hayes himself.
10/
3️⃣ Ex-FTX President Brett Harrison raised $5M to build @Architect_xyz 👀
Architect will offer institutional-grade infrastructure for crypto connectivity across exchanges.
It will be a single trading platform for easy access to both custodians and self-custody options.
3️⃣ Ex-FTX President Brett Harrison raised $5M to build @Architect_xyz 👀
Architect will offer institutional-grade infrastructure for crypto connectivity across exchanges.
It will be a single trading platform for easy access to both custodians and self-custody options.
11/
4️⃣ Arbitrum fans will like @VestExchange
Vest is a perpetual futures exchange to trade 'almost any asset you can think of.'
The team promises improved risk management, clear risk/returns for liquidity providers and long-tail asset support.
4️⃣ Arbitrum fans will like @VestExchange
Vest is a perpetual futures exchange to trade 'almost any asset you can think of.'
The team promises improved risk management, clear risk/returns for liquidity providers and long-tail asset support.
12/
5️⃣ @BIueFi offers KYC/AML trading on DeFi protocols like Uniswap and Curve.
The solution is based on a Safe Token, an ERC20 Wrapper Token that enforces KYC/AML checks on the wallets involved in a trade.
5️⃣ @BIueFi offers KYC/AML trading on DeFi protocols like Uniswap and Curve.
The solution is based on a Safe Token, an ERC20 Wrapper Token that enforces KYC/AML checks on the wallets involved in a trade.
13/ KYC &AML verified wallets are recognized by BlueID, a credential aggregator.
The goal is to bring institutions as well as reduce risk for retail by having 'permissioned pools'.
The $3.2M raise was co-led by Blockchange Ventures and Fenbushi Capital.
The goal is to bring institutions as well as reduce risk for retail by having 'permissioned pools'.
The $3.2M raise was co-led by Blockchange Ventures and Fenbushi Capital.
14/ Did I miss any innovative project that just raised money?
Follow me @DefiIgnas for more.
Like/Retweet the first tweet below if you can:
Follow me @DefiIgnas for more.
Like/Retweet the first tweet below if you can:
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