πŸ“’ We're excited to announce the first $50M Sei Ecosystem and Liquidity Fund to back teams building on Sei and bootstrap liquidity from day 1!

We're proving our conviction in the builders of the Sei ecosystem by doubling down during the peak bear market.
techcrunch.com/2022/09/28/cry…
Amidst all the market pain, this is a generational time to build in #Crypto.

Honored to have partners like @multicoincap, @Delphi_Digital, @FlowTraders, @wehrtyou, @MexC, and many more.
Why is now the best time to act?

Much of the industry has been de-risked from an adoption and capital perspective, yet we’re still early enough where there is a meaningful opportunity to make a dent.

We want the Sei Ecosystem Fund to highlight the brightest teams.
Sei is the first Layer 1 designed for trading, giving exchanges an unfair advantage.

Exchanges are one of the very few apps in crypto that have gotten true product market fit, they span way past just #DeFi, across #NFTs, #GameFi, and every vertical.
The vision for Sei is far larger than just decentralized NASDAQ.

The Sei #DisruptDefi Fund vision is simple: back the next generation of disruptive DeFi teams and enable what cannot be done on any other Layer 1.

Apply today and join the family.

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More from @SeiNetwork

Sep 30
When talking about blockchains, there are 2 main buckets: general purpose chains and app chains.

However, @SeiNetwork is the first layer 1 designed for trading.

What does this mean? Let's dive into it🧡

[part 1] Image
DeFi-optimized L1 means making fundamental changes to the base layer that will allow DeFi apps to thrive:

♒️ built-in order matching engine
♒️ price oracle
♒️ sub-second finality
♒️ parallelization of orders
♒️ single block order execution

and more! Image
Why do we need these changes at the base layer?

Let's take a look at @solana, a general-purpose L1 whose thesis is that orderbook exchanges will eventually take over AMMs & @ProjectSerum, the orderbook layer on Solana for @mangomarkets, @ZetaMarkets, @JupiterExchange, and more. Image
Read 9 tweets
Sep 29
πŸ™ OctoSei RFP no. 5 πŸ™

We're partnering w/ @Cryptocito, @strangelovelabs and @Galileo_xyz to lay out the best developer opportunities in crypto. Our team can provide engineering support and funding for talented teams.

This week we're focusing on Smart Market Making Bots πŸ€– Image
Providing liquidity to an orderbook based exchange is typically a very profitable engagement, but the barrier is high for general users.

Marketmaking requires active strategies & high frequency trading; however much of this can be automated.
Smart market making protocols democratize liquidity provisioning and allow for passive LPers to get access to lucrative market making fees.

Examples include: @hummingbot_io & @cellfi_io
Read 5 tweets
Sep 20
πŸ“’ OctoSei RFP no. 4 πŸ“’

We're partnering w/ @Cryptocito @strangelovelabs and @Galileo_xyz to lay out great developer opportunities. Our team can provide engineering help and offer VC funding for strong teams.

This week we're highlighting Lending and Borrowing Image
Lending and borrowing continues to be a steady, core function in DeFi that provides the bedrock for a variety of other activities

dYdX and Sei launching on Cosmos over the next few months will lead to a burst of derivatives activity.
One of the core ingredients for high quality derivatives is seamless, cross margining.

Sei will work with a core lending solution to offer tightly integrated margining across the derivatives apps built on Sei, offering an experience that rivals CEXs.
Read 5 tweets
Sep 20
1/ @UXDProtocol is launching its capitally efficient, algorithmic stablecoin, $UXD, on Sei.

What is UXD? How does it work? What does this mean for Sei? We’ll answer all these questions in the 🧡 πŸ‘‡
2/ Stable coins are an absolute necessity for the entire crypto ecosystem.

CEXs and DEXs are denominated in stable-coins and their volume often exceeds BTC volumes and ETH volumes.

UXD is a decentralized, capitally efficient, and a peg-stable asset.
3/ UXD is an algorithmic stable coin that leverages the very infrastructure they were created for πŸ‘‡

User deposits $10 of $BTC and receives 10 $UXD (1 UXD = 1 USD)

Protocol shorts $10 of BTC via perpetual swaps to hedge market exposure

User can always redeem UXD back for BTC
Read 10 tweets

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