1/ We are excited to announce a $10MM #fundraise round for Across Protocol at a $200MM valuation!
The protocol will now have the strategic input and support from three of the top #Web3 funds: @hack_vc, @placeholdervc, and @blockchaincap.
medium.com/across-protoco…
The protocol will now have the strategic input and support from three of the top #Web3 funds: @hack_vc, @placeholdervc, and @blockchaincap.
medium.com/across-protoco…
2/ The members of the Risk Labs foundation (supporting Across and UMA) have decades of combined experience in the investment and startup space.
We are thrilled to have secured a strong partnership with these particular funds.
We are thrilled to have secured a strong partnership with these particular funds.
3/ The investors will receive success tokens, which were pioneered by @UMAprotocol. Success tokens combine a call option with a base token.
The simple way to think of this is: Investors only get a bonus if Across is winning.
The simple way to think of this is: Investors only get a bonus if Across is winning.
4/ The call option has a strike at $.50 when they mature on June 30, 2025, based on a 3-month TWAP. When those tokens mature, they will pay out 1 $ACX each plus the value of the call option.
5/ These funds will be used to provide liquidity for Across relayers and to fund the expansion of the chains Across supports.
We will bring them on to live events in the future so the community can learn more about them and suggest ways to offer support.
We will bring them on to live events in the future so the community can learn more about them and suggest ways to offer support.
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