Ignas | DeFi Profile picture
Jun 30, 2022 13 tweets 13 min read Read on X
1/13

According to @dovemetrics, $3.9B was raised in June across 202 funding rounds.

Sharing 10 interesting #CeFi, #DeFi & #NFT projects that just raised from prominent VCs and you might not have heard on CT.

These are the projects to keep an eye during the bear market.

A🧵 Image
2/13

Capricon @capricornfund raised $200M from Malaysia-listed company MQ Technology.

Capricon is a multi-collateral stablecoin #DeFi protocol issuing $CUSD to connect #crypto to the real world.

Learn more -
capricorn.fund

cointelegraph.com/press-releases…
3/13

Unizen @unizen_io is building a #CeDeFi exchange to combine CEXes and DEXes to meet the needs of both retail and institutional traders.

Basically #DEX & #CEX aggregator.

Announced $200m USD capital commitment by Global Emerging Markets.

unizen-io.medium.com/weekly-pulse-1…
4/13

FalconX @falconxnetwork announced $150M Series D led by GIC and @BCapitalGroup at $8B valuation.

FalconX provides end-to-end insitutional trading services (trade execution, market making etc.)

falconx.io/media-press-re…
5/13

@AstraProtocol raised $100M Series A from @joinrepublic at $500M valuation.

Its mission is to equip all DeFi with a decentralized compliance layer, including KYC & AML capabilities.

Regulation coming for #DeFi and investors are getting ready.

accesswire.com/703394/Tier-1-… Image
6/13

@eulerfinance raised $32M led by @HaunVentures

Jump, FTX, Coinbase, Uniswap Labs have also invested.

Euler is a #DeFi lending and borrowing protocol on #Ethereum.

👀Euler has a token $EUL that trades at $78M FDV on Huobi and MEXC exchanges.

7/13

NFTPort @nftport_xyz is Stripe for #NFTs - bring your #NFT application to market in hours instead of months w/developer-first NFT APIs

Estonia based company raised $26M Series A by Atomico and Taavet+Sten.

coindesk.com/business/2022/…
8/13

Entropy @entropydotxyz is the first truly trustless protocol for #DeFi asset custody.

Raised $25M seed, led by @a16z.

Joined by Dragonfly Capital, Ethereal Ventures, Variant, Coinbase Ventures, Robot Ventures, Inflection, and the Komerabi Fund.

mirror.xyz/entropy.eth/mZ…
9/13

Skolem institutional-grade infra for #DeFi trading raised $20 million in Series A.

The round was led by Galaxy Digital.

Joined by Point72 Ventures, Jump Crypto, Fenwick and West, Morpheus Ventures, and Dragonfly Capital.

skolem.tech

businesswire.com/news/home/2022… Image
10/13

PartyDAO 🥳 @prtyDAO is a fun one.

Cannot afford to buy a #BAYC? PartyDAO allows to invest in #NFTs as a team.

Fundraised $16.4M seedround led by @a16z.

Definately a project to keep an 👁 on.

11/13

Earth From Another Sun (@PlayEFAS) is a science fiction action-oriented strategy role-playing game.

Raised $4.5M seed from @SolanaVentures , @AlamedaResearch and Lightspeed Ventures.

venturebeat.com/2022/06/16/ear…
12/13

These are just 10 out of 202 deals announced in June.

According to the BoE, crypto crash survivers will rise to become the technology companies of the future, like Amazon and eBay.

So, following well funded startups could be a good Alpha to prepare for the next bull run.
13/13

You can see all the publicly announced fundraising data on @dovemetrics website dovemetrics.com

Can sort deals by date, category like #DeFi, #CeFi, #NGT, #Web3 etc.

Or check active fund portfolios. Image

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More from @DefiIgnas

Mar 31
Larry Fink's annual chairman letter is super bullish on crypto.

"Every stock, every bond, every fund—every asset—can be tokenized. If they are, it will revolutionize investing."

Here are his main arguments for crypto & tokenization:
Larry is bullish on tokenization because it makes investing more democratic:

- Access: Enables fractional ownership, breaking down assets like private real estate and equity into affordable pieces.

- Voting: Simplifies shareholder voting through digital tracking of ownership and rights, enabling secure global participation.

- Yield: Reduces barriers like legal and operational friction, opening high-return investments to more than just large investors.Image
Currently, global money relies on outdated systems like SWIFT, created when fax machines were new.

Handling trillions daily, SWIFT operates like a bank relay race, similar to mailing emails.

Tokenization transforms this, turning postal service-like SWIFT into the quick efficiency of email.
Read 6 tweets
Mar 28
1/  Is crypto "still early"?

It’s still forming its cultural & regulatory identity.

Unlike older tech (banking, social media), crypto isn’t locked into rigid rules yet.

It means we can still shape its future: open like the early internet or controlled like modern social media.
If I understood Vitalik's three ring model, each "ring" is a cultural era that shapes how society treats tech

• Old rings (inner layers) are hardened attitudes like banking regulations, copyright laws

• New rings (outer layers) are still forming norms. AI and crypto.
Vitalik mentioned three phases:

• 1990s Internet: "Let it grow!" -> Few rules, lots of freedom.
• 2000s/10s Social media: "This is dangerous. Control it!"
• 2020s Crypto/AI: Battle between openness vs. regulation.

Interestingly China is open-sourcing AI while US closed
Read 8 tweets
Mar 17
Ethereum and @Etherealize_io must accelerate their focus on RWAs and tokenization.

Strong competition is targeting Ethereum's market share.

Ethena believes they face less competition in "storage and settlement for stablecoins and tokenized assets," which is Ethereum.
@Etherealize_io Ethena is not the only and last one.

Just today Binance announced investing into another RWA L1.

@Etherealize_io Seriously,

Ethereum has lagged behind and needs to catch up with Solana for "speculation" layer

And now other players are coming after its 'blockchain of value' market share.
Read 4 tweets
Feb 24
1/ Aave votes to shut down on Polygon after the Polygon DAO eyed using bridged assets elsewhere.

Here are 9 more recent crypto developments you might've missed:

(Ohhh, I'm threaaddiing!) Image
2/ Arbitrum votes to deploy Treasury $ETH to generate yield:

Stake 5,000 ETH with Lido for wstETH, deposit it into Aave V3 on Arbitrum for LST/LRT looping.

Then lend 2,500 ETH on Fluid for ETH lending and DEX liquidity Image
3/ Lido announced the v3:

stETH is backbone of Ethereum DeFi and with v3 Lido bring new features without breaking stETH interoperability.

In short, it prepares Lido for 1) institutional adoption 2) leveraged stETH for degens and 3) restaking era

Small but big upgrade
Read 10 tweets
Jan 18
Trump & his team aren't Solana maxis:

Trump launched four crypto initiatives across four different chains:

• Polygon: Trump Digital Trading Cards - $45M market cap
• Bitcoin: Trump Bitcoin Digital Trading Cards - $5M MC
• Ethereum: World Liberty Financial ( $WLFI ) - $90M raised
• Solana: $TRUMP Memecoin - $29B FDV, 80% to insiders

Conclusion: Memecoin on Solana is the top performer for value extraction and fundraising.
Notes:

1) 45k NFTs on Polygon generated over $22M in sales revenue and continue to earn licensing fees.

2) Trump Ordinals were available for claim by previous "Mugshot Edition" Polygon NFT buyers

3) $WLFI sales struggled, but the amount raised pumped after the election.Image
1. Polygon NFTs up by 370% today
2. Trump Ordinals up by 177% to $34.3K per Ordinal
Read 4 tweets
Dec 20, 2024
1/ Stablecoins are a $100B+ market, but most of the value is captured by Tether and Circle, with users getting no upside.

This cycle we've got Ethena and now Usual enters the game.

A decentralized, transparent, and community-owned stablecoin protocol:🧵
2/ Usual started USD0 as a fiat-backed stablecoin collateralized by ultra-short US Treasury Bills.

They just partnered with Ethena to accept USDtb collateral for USD0.

It will have a 1:1 swap mechanism between USDtb, USD0, and sUSDe
3/ Usual also offers USD0++, a Liquid Staking Token that lets users stake USD0 for yield.

USD0++ pays daily yield in $USUAL tokens or or USD0 risk-free yield.

Currently 80% APY Image
Read 10 tweets

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