Thread by @Flowslikeosmo

#Coinbase Ventures has continued to invest in gems throughout 2023.

This $6 billion fund is known for being early.

Here are their most exciting investments for 2023.🧵

1/ Despite a tough regulatory and operational environment, Coinbase Ventures has continued to invest in early-stage projects.

With over $6B in assets and a track record of generating 200x returns since their launch in 2018.

Here's where they're betting on for the next cycle. 👇

2/ @mavprotocol $MAV

Its Dynamic Distribution AMM enables liquidity to be utilized more effectively compared to traditional Concentrated Liquidity AMMs.

Currently, Maverick has grown to have a total value locked of $56.1 million.

3/ After the most recent #airdrop of the $MAV token, Maverick has continued its expansion.

Partnering with @LayerZero_Labs to enable cross-chain efficiency of the $MAV token, while also supporting fast-growing projects like @swellnetworkio.

4/ @ConnextNetwork

Connext is building web3 interconnectivity tooling to mitigate the fragmentation that occurs as new L2s and even L3s continue to launch.

5/ They've raised $7.5M to embark on the mission of making a more scalable web3 possible.

Their leading product, Chain Abstraction, will allow users to:

- Deposit liquidity
- Purchase NFTs
- Stake $ETH
- Pay fees
- Participate in an LBP or airdrop

All possible from any chain.

6/ @DemoxLabs

Demox is the team behind @theLeoWallet, the largest wallet on the @AleoHQ chain.

The Leo wallet utilizes zk technology to ensure user privacy while remaining fully non-custodial.

7/ @DemoxLabs raised $4.5 million from prominent VCs to advance zk technology.

The growth of @theLeoWallet signifies a key moment for the privacy movement and the use cases of zk technology even in its earliest stages.

8/ @hourglasshq

Hourglass is building infrastructure for Time-Bound Tokens (TBTs).

They have successfully built an ecosystem where users can receive and stake TBTs, along with the creation of the first TBT marketplace to enhance liquidity.

9/ With @hourglasshq, protocols can leverage time.

By incentivizing longer-term liquidity versus short term, they can provide users with flexibility and additional rewards.

They've launched functionality for @fraxfinance & @ConvexFinance and will be expanding their offerings.

10/ @Dolomite_io

Dolomite is a groundbreaking DeFi protocol that combines the strengths of a DEX and a lending platform.

With Dolomite, users can access over-collateralized loans, margin trading, spot trading, and create a variety of strategies.

11/ They raised $2.5 million in May of this year and have been integrating with a variety of key players in the DeFi space, such as @pendle_fi, @PlutusDAO_io, and @CamelotDEX, to name a few.

It's no surprise to see GLP and $USDC TVL continue to increase rapidly.

12/ @eigenlayer

EigenLayer is an application built on top of Ethereum that introduces the concept of restaking.

Users who stake ETH natively or with LST can opt-in to EigenLayer smart contracts to restake their ETH or LST, helping secure the network via pooled security.

13/ @eigenlayer raised $50m in March of this year, and they're building some technology to help Ethereum scale.

@0xSalazar made an epic thread on them. I suggest you give it a read. 👇

14/ @violetidentity

Violet is a bet on DeFi that provides the advantages of self-custody and decentralization, all while ensuring compliance with external regulations.

Violet Identity creates the standards projects looking to onboard to Web3 can utilize.

15/ @violetidentity raised $15 million in March of this year.

The first DEX built on a fully compliant manner, utilizing Violet Identity (@mauve_org), is currently under development.

This could be the start of a new trend.

16/ @AzraGames

The creators of the upcoming @legions_legends crypto game, raised $10 million in February to prepare for the game's launch.

Legions Legends will be a League of Legends game with an NFT theme, this is exciting given the enormous potential in the gaming industry.

17/ # Coinbase Ventures is one of the largest VCs in the space and has the ability to identify upcoming trends in the market.

Their advantage lies not only in its size but also in its ability to diversify.

With a total of 326 investments, this firm is worth tracking.

18/ Tagging DeFi Chads to follow:
@Deebs_DeFi
@defi_mochi
@Curious__J
@crypto_linn
@DeFiMinty
@0xTindorr
@0xsurferboy
@Louround_
@wacy_time1
@Hercules_Defi
@0xSalazar
@FarmerTuHao
@rektdiomedes
@CryptoStreamHub
@poopmandefi
@arndxt_xo
@stacy_muur
@0xFinish

19/ Thank you for reading!

I hope you've found this thread interesting.

Follow me @Flowslikeosmo for more.

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