1/ What's new in #DeFi?
To find out, let's follow where the money flows.
Early stage projects that raise during bear markets, have a good chance to come out strong into the bull run.
These are top 7 projects that raised money in September 👇
To find out, let's follow where the money flows.
Early stage projects that raise during bear markets, have a good chance to come out strong into the bull run.
These are top 7 projects that raised money in September 👇
2/ First of all, @WuBlockchain reported that there were 97 public raises in September, down 23% compared to the same period last year.
Web3 and Infrastructure fields saw the most deals with #DeFi accounting for only 15 of the deals.
Web3 and Infrastructure fields saw the most deals with #DeFi accounting for only 15 of the deals.
3/ In this thread I cover top 7 #DeFi Seed round projects.
'Seed' means that it's a very early stage for supporting projects until they can generate cash of its own.
Please note, that most of these projects don't have a token or app launched yet, but planning to do so soon.
'Seed' means that it's a very early stage for supporting projects until they can generate cash of its own.
Please note, that most of these projects don't have a token or app launched yet, but planning to do so soon.
4/
1️⃣ Sentiment is an under-collateralized on-chain credit protocol that raised $2.4M from various funds and @dcfgod himself.
Borrowers must use a proxy @sentimentxyz Account that holds the borrower's assets while allowing them delegated control to deploy these assets anywhere.
1️⃣ Sentiment is an under-collateralized on-chain credit protocol that raised $2.4M from various funds and @dcfgod himself.
Borrowers must use a proxy @sentimentxyz Account that holds the borrower's assets while allowing them delegated control to deploy these assets anywhere.
5/ The borrower never has custody of the loaned assets i.e. neither the deposited collateral nor the borrowed assets can be transferred out of the account.
So borrowed assets always stay in approved #DeFi protocols.
So borrowed assets always stay in approved #DeFi protocols.
6/
2️⃣ Sherlock is revolutionizing DeFi audits.
@sherlockdefi is the first and only smart contract auditor to provide up to $10M of coverage built-in coverage behind each audit.
The team raised $4M from @archetypevc, @TheSpartanGroup, Lattice and @coinfund_io VCs
2️⃣ Sherlock is revolutionizing DeFi audits.
@sherlockdefi is the first and only smart contract auditor to provide up to $10M of coverage built-in coverage behind each audit.
The team raised $4M from @archetypevc, @TheSpartanGroup, Lattice and @coinfund_io VCs
7/ Sherlock’s auditors have skin in the game, incentivizing them to price smart contracts based on actual risks.
It integrates with UMA’s Optimistic Oracle so all protocols have trustless access to a third-party decision for payouts.
Users can also earn 10% APY on USDC.
It integrates with UMA’s Optimistic Oracle so all protocols have trustless access to a third-party decision for payouts.
Users can also earn 10% APY on USDC.
8/
3️⃣ @NibiruChain is a new L1 on Cosmos, bringing a few missing pieces to Cosmos #DeFi ecosystem:
• Nibi-perps: perpetual futures exchange
• Nibi-swap: AMM for multichain assets
• Stablecoin: NUSD is a capital-efficient and partially collateralized stablecoin 😅
3️⃣ @NibiruChain is a new L1 on Cosmos, bringing a few missing pieces to Cosmos #DeFi ecosystem:
• Nibi-perps: perpetual futures exchange
• Nibi-swap: AMM for multichain assets
• Stablecoin: NUSD is a capital-efficient and partially collateralized stablecoin 😅
9/ $NIBI is the staking and utility token for the protocol.
Nibiru Chain raised $7.5M at $100M valuation from Tribe Capital, Republic and Kraken.
Nibiru Chain raised $7.5M at $100M valuation from Tribe Capital, Republic and Kraken.
10/
4️⃣ Synquote is a decentralized options trading platform with liquidity across 500+ instruments.
On @synquote you can trade options on as little as 1/100ths of #ETH or #BTC.
They raised $2.8M from Initialized Capital, Coinbase, Polygon and @twobitidiot
4️⃣ Synquote is a decentralized options trading platform with liquidity across 500+ instruments.
On @synquote you can trade options on as little as 1/100ths of #ETH or #BTC.
They raised $2.8M from Initialized Capital, Coinbase, Polygon and @twobitidiot
11/
5️⃣ @ULTRADE_org DeFi-as-a-Service Technology on #Algorand allowing others to launch their own DEX.
• Limit Orderbook DEX testnet live
• Token Swaps (AMM) arriving Oct ‘22
• Leveraged Perpetuals DEX arriving Q4 ‘22
Team raised $2.4M from Algorand Foundation and others.
5️⃣ @ULTRADE_org DeFi-as-a-Service Technology on #Algorand allowing others to launch their own DEX.
• Limit Orderbook DEX testnet live
• Token Swaps (AMM) arriving Oct ‘22
• Leveraged Perpetuals DEX arriving Q4 ‘22
Team raised $2.4M from Algorand Foundation and others.
12/
6️⃣ FORWARD is pioneering Automated Position Hedger with their derivatives exchange.
APH allows to anticipate the price direction and to hedge risk against price fluctuation.
@DefiForward's other features include lending at fixed interest rate and NFT trading.
6️⃣ FORWARD is pioneering Automated Position Hedger with their derivatives exchange.
APH allows to anticipate the price direction and to hedge risk against price fluctuation.
@DefiForward's other features include lending at fixed interest rate and NFT trading.
13/ Forward team raised $5M from Thailand's biggest banks (Kasikornbank and Bank of Ayudhya), Primestreet Capital and crypto native VC @gbvofficial
Hard to summarize in one tweet, so check the Beta demo on forward.market
Hard to summarize in one tweet, so check the Beta demo on forward.market
14/ Finally, something different.
7️⃣ 'Re' is insurance for insurers.
@REprotocol built on Avalanche is tokenizing reinsurance through a decentralized marketplace.
Through RE, accredited investors will be able to provide capital to back real-world insurance policies.
7️⃣ 'Re' is insurance for insurers.
@REprotocol built on Avalanche is tokenizing reinsurance through a decentralized marketplace.
Through RE, accredited investors will be able to provide capital to back real-world insurance policies.
15/ RE just raised $14M at $100M valuation from Tribe Capital, Framework Ventures, Morgan Creek Digital and Sirius Point.
An interesting institutional use case for #DeFi
An interesting institutional use case for #DeFi
https://twitter.com/avalancheavax/status/1575184915846643717
16/ You can learn more about early stage projects that just raised money and were not included in this thread at ignasdefi.notion.site.
17/ Or check my thread on early stage #DeFi projects that raised money in July and August, 2022.
https://twitter.com/DefiIgnas/status/1567107599065305088
18/ Did I miss any important #DeFi raise?
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:
https://twitter.com/DefiIgnas/status/1577202726223560705
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