Lemniscap is a venture capital firm founded in 2017 and based in George Town, Kentucky. The firm specializes in investments in emerging cryptoassets and blockchain companies, focusing on the dynamic and evolving landscape of the cryptocurrency sector. In addition to its venture capital activities, Lemniscap manages a hedge fund that utilizes a long/short equity investment strategy. The firm is dedicated to identifying and supporting innovative projects within the blockchain ecosystem.
Cytonic is a technology company specializing in the development of a multi-virtual-machine blockchain platform. This platform is designed to integrate and process transactions from diverse networks such as Bitcoin, Ethereum, and Solana simultaneously in a single block, facilitating efficient cross-chain transactions.
dvts.network
Series A in 2024
dvts.network is an ethereum liquidity staking protocol that reduces the initial capital requirements for ethereum validators.
Stackr
Seed Round in 2023
Stackr Labs is a company focused on developing app-specific rollups on the Ethereum blockchain, utilizing web2 programming languages. It aims to create standalone customizable applications that leverage the benefits of rollups for distributed computing. By specializing in the efficient integration of off-chain data sources, such as social graphs, user credit scores, and KYC and identity systems, Stackr Labs enables users to access and utilize data seamlessly. The company's innovative approach seeks to unlock the potential of rollups, enhancing the functionality and performance of decentralized applications.
Sort
Seed Round in 2023
Sort is a developer of a Web3 development platform that offers a user-friendly interface for exploring databases and managing queries, similar to a spreadsheet. The platform facilitates UI development on Ethereum and Polygon, enabling developers to integrate data from smart contracts into decentralized applications with minimal coding. Additionally, Sort serves as a data collaboration tool for small teams, allowing them to share and enhance their data effectively. Users can begin their projects by entering a contract address, granting them access to a comprehensive toolkit tailored for that specific contract.
Open Dollar
Seed Round in 2023
Borrow against Liquid Staking Tokens & Arbitrum native assets with our flexible and transparently over-collateralized stablecoin
RedStone
Seed Round in 2022
RedStone is a next-generation cross-chain data oracle that specializes in providing pricing data for financial protocols. The company develops modular oracles that deliver data feeds compatible with both layer 1 and layer 2 blockchains, including rollups-as-a-service (RaaS) solutions. RedStone's offerings include liquid staking tokens and liquid restaking tokens, as well as an online decentralized finance platform designed to utilize blockchain's permanent storage capabilities. This platform supports cross-chain data services while ensuring an audit trail, which enhances transparency and reliability. Additionally, RedStone enables decentralized finance providers to implement automatic dispute mechanisms, bolstered by insurance through staking, thereby facilitating more secure and efficient transactions.
dWallet Labs
Pre Seed Round in 2022
dWallet Labs is a developer of a cybersecurity platform that specializes in blockchain technology. The company focuses on creating trustless access control solutions that enhance both offensive and defensive cybersecurity measures. Its platform provides a secure, programmable, and decentralized access layer for web3, utilizing dynamic wallets to sign transactions across various blockchain networks. By implementing universally adopted signing algorithms, dWallet Labs enables organizations to revolutionize the way digital assets are stored, utilized, and accessed, effectively bridging the gap between digital assets and the real world with a fully decentralized layer of dynamic and stateful access control.
Flowdesk
Series A in 2022
Flowdesk is a regulated digital asset trading and technology firm based in France, specializing in market making, over-the-counter (OTC) services, and treasury management. Registered as a Digital Asset Service Provider, the company is authorized by the French Financial Markets Authority for various digital asset services, including custody, trading, and the conversion of digital assets to legal tender. Flowdesk develops compliant trading and liquidity infrastructure that blends expertise from traditional financial markets with advanced knowledge of algorithmic trading and cryptocurrency. Its platform offers market-making technologies for both spot and derivatives markets, alongside liquidity solutions for exchanges and digital asset projects. This enables clients to access trading infrastructure tailored for institutional-grade operations.
SithSwap
Seed Round in 2022
SithSwap is a next-generation automated market maker (AMM) operating on StarkNet, designed to facilitate instant swaps between volatile and stable assets. It offers a user-friendly trading experience with ultralow slippage and near-zero fees, ensuring that transactions are both efficient and cost-effective. The platform features stable and volatile trading pairs similar to those found on Uniswap V2, with configurable trading fees and no administrative charges. Additionally, SithSwap incorporates built-in flash loans and maintains the security standards of Ethereum, providing a reliable environment for traders. Users can also earn incentives through voting power, allowing them to influence future protocol emissions.
Hubble Exchange
Seed Round in 2022
Hubble Exchange is a decentralized platform that facilitates the trading of perpetual futures contracts, allowing traders to use multiple tokens as collateral. Currently, it accepts AVAX, USDC, and Hubble Virtual USD (hUSD), with plans to include Bitcoin, Ethereum, and Avalanche-native assets in the future. The platform's multi-collateral, cross-margin design aims to enhance the trading experience within the Avalanche ecosystem, taking advantage of its low transaction fees and scalable infrastructure. Additionally, Hubble Exchange enables traders to tokenize their profitable perpetual futures positions, allowing them to utilize these positions as collateral for borrowing on other decentralized finance (DeFi) protocols.
Gear Technologies
Series A in 2021
Gear Technologies is a technology company focused on creating a Substrate-based smart contract platform that facilitates the development and deployment of decentralized applications (dApps). By contributing to the Gear Protocol, which is supported by the Gear Foundation, the company enhances Web3 capabilities while maintaining a user experience akin to Web2. Gear Technologies aims to streamline the process for developers, offering a low barrier to entry that minimizes both financial and time investments. This approach enables clients to build and deploy dApps on the blockchain quickly and efficiently, with improved speed, security, and automation in smart contract development.
Aurora
Series A in 2021
Aurora is an Ethereum Virtual Machine created by the team at the NEAR Protocol, delivering a turn-key solution for developers to operate their apps on an Ethereum-compatible, high-throughput, scalable and future-safe platform, with low transaction costs for their users. Aurora was founded in 2021 and is based in Kyiv, Ukraine.
deBridge Finance
Seed Round in 2021
deBridge Finance is a cross-chain interoperability and liquidity transfer protocol designed to facilitate the decentralized transfer of assets across multiple blockchains. The protocol operates through a network of independent oracles and validators, which are elected by deBridge governance, ensuring a secure and efficient transfer process. It supports interoperability between major blockchain networks, including Ethereum, Polygon, Binance Smart Chain, Huobi Ecological Chain, and Arbitrum. This infrastructure enables users to seamlessly access and transfer various digital assets, including NFTs, across different platforms, enhancing the overall flexibility and utility of blockchain technology.
Euler Labs
Series A in 2021
Euler is a non-custodial lending protocol built on Ethereum that allows users to lend and borrow a wide range of crypto assets without relying on a trusted third party. The platform offers a capital-efficient solution for earning interest on crypto holdings and provides mechanisms to hedge against market volatility. By utilizing reactive interest rates informed by control theory, Euler's system adapts in real-time to market conditions, enabling users to manage risk effectively. This innovative approach allows clients to engage with a diverse array of crypto assets while minimizing risk exposure.
KYVE
Pre Seed Round in 2021
KYVE is an initiative focused on the decentralized archiving and validation of data streams, utilizing the Arweave blockchain for permanent storage. The platform comprises decentralized uploaders and validators organized into pools, each dedicated to archiving specific data streams. This open-source protocol aims to standardize and ensure the reliability of data storage for blockchain networks and decentralized applications. By leveraging permanent data storage tools, KYVE provides scalability, immutability, and availability, which helps developers create dependable backups and verify their data streams effectively. The initiative is supported by funding from KYVE tokens, which incentivize participation in the network's operations.
Liquity
Series A in 2021
Liquity is a decentralized borrowing protocol built on the Ethereum blockchain that offers interest-free loans to users. By allowing borrowers to use Ethereum as collateral, Liquity issues loans in its own USD-pegged stablecoin. The protocol operates under a minimum collateralization ratio, ensuring that loans are adequately secured. This innovative approach enables users to access capital without incurring interest costs, making it an appealing option for those looking to leverage their Ethereum holdings.
Tally
Venture Round in 2021
Tally is a frontend for DAOs running on Ethereum and other EVM blockchains. Tally gives users real power in their decentralized organizations. On Tally, users can delegate voting power, create or pass proposals to spend DAO funds, manage a protocol, and upgrade smart contracts—all onchain.
DFX Finance
Seed Round in 2021
DFX Finance is a decentralized finance exchange protocol that specializes in trading non-U.S. dollar stablecoins. The platform facilitates structured trading through an Ethereum-based decentralized exchange, utilizing a bonding curve specifically optimized for fiat-backed stablecoins such as USDC, CADC, EURS, and XSGD. By leveraging real-world foreign exchange price feeds, DFX Finance enables users to engage with decentralized finance applications in a blockchain-driven market, promoting seamless and efficient transactions in a variety of stablecoins.
Async Art
Seed Round in 2021
Async Art operates an innovative online platform that connects artists and collectors, enabling them to buy, sell, and trade programmable art on the Ethereum blockchain. Founded in 2019 and based in Fort Bragg, California, Async Art allows users to create and engage with multi-layer artworks. Each artwork consists of a Master piece and various Layers, which can be independently owned and controlled by different individuals. This unique structure empowers users to actively participate in the evolution of the art, as they can modify their respective Layers within parameters set by the original artist. For example, one user may control the sky in a landscape painting while another owns a character, allowing for dynamic collaboration and interaction in the creative process. This platform represents a new frontier in the art world, merging technology and creativity in the 21st century.
Reflexer
Venture Round in 2021
Reflexer Labs, founded in 2020 and based in the USA, is a decentralized finance project focused on developing low-volatility collateral to enhance the stability of the DeFi ecosystem. The company specializes in creating a volatility-dampened synthetic instrument that leverages control theory within smart contracts. This innovative approach allows for the automatic adjustment of collateral supply, mirroring the price patterns of underlying assets while maintaining reduced volatility. By doing so, Reflexer aims to provide a stable and secure foundation for businesses operating in the decentralized finance space, helping them minimize the risks associated with investment losses.
Euler Labs
Seed Round in 2020
Euler is a non-custodial lending protocol built on Ethereum that allows users to lend and borrow a wide range of crypto assets without relying on a trusted third party. The platform offers a capital-efficient solution for earning interest on crypto holdings and provides mechanisms to hedge against market volatility. By utilizing reactive interest rates informed by control theory, Euler's system adapts in real-time to market conditions, enabling users to manage risk effectively. This innovative approach allows clients to engage with a diverse array of crypto assets while minimizing risk exposure.
Liquity
Seed Round in 2020
Liquity is a decentralized borrowing protocol built on the Ethereum blockchain that offers interest-free loans to users. By allowing borrowers to use Ethereum as collateral, Liquity issues loans in its own USD-pegged stablecoin. The protocol operates under a minimum collateralization ratio, ensuring that loans are adequately secured. This innovative approach enables users to access capital without incurring interest costs, making it an appealing option for those looking to leverage their Ethereum holdings.
ParaSwap
Seed Round in 2020
ParaSwap is a decentralized finance platform designed to address liquidity challenges in cryptocurrency markets by aggregating multiple decentralized exchanges into a single interface. This approach empowers users to access competitive market prices and enhanced liquidity for trading Ethereum and ERC-20 tokens, with aspirations to expand its services to include major blockchains. By providing a transparent trading environment, ParaSwap aims to facilitate easier and more efficient transactions for cryptocurrency traders.
The Graph
Series A in 2019
The Graph is an indexing protocol that facilitates querying data from decentralized networks such as Ethereum and IPFS, serving as a vital component of the Web3 ecosystem. It allows developers to create and publish open APIs, known as subgraphs, which applications can access using GraphQL to retrieve blockchain data. Currently, The Graph provides a hosted service to simplify the development process, with plans to launch a decentralized network. It supports data indexing from Ethereum, IPFS, and POA, with additional networks anticipated in the future. As of now, thousands of developers have deployed over 3,000 subgraphs for decentralized applications, including prominent projects like Uniswap, Synthetix, and Decentraland. The platform has experienced significant growth in usage, highlighting its role in powering the decentralized web.
Agoric
Seed Round in 2019
Agoric is a developer of a framework designed to enhance the programming of smart contracts for the blockchain ecosystem. The platform facilitates the creation and deployment of smart contracts using JavaScript, making it accessible to millions of programmers. By emphasizing composability, Agoric enables rapid development and offers a competitive advantage in creating decentralized applications. Its framework allows for secure execution of transactions, the establishment of new markets, and the creation of innovative exchange patterns without centralized control. The Agoric team comprises experienced technologists, economists, and business leaders who have collaborated on smart contracts technology for over three decades. They aim to revolutionize how smart contracts are developed and utilized, fostering unprecedented global cooperation and enabling entrepreneurs to explore new business opportunities with digital assets. Agoric has partnered with notable projects within the blockchain space and received support from various investors, further solidifying its mission to advance smart contract technology.
Chainspace
Pre Seed Round in 2018
Chainspace is a developer of a blockchain-based platform designed to facilitate the creation of high-performance blockchain applications. The platform employs popular programming languages and technologies, making it accessible for developers. It features a shared smart contract protocol that addresses scalability and privacy challenges associated with Ethereum. By utilizing a proof of stake protocol that incorporates sharding and zero-knowledge proofs, Chainspace enables clients to meet the demands of processing power for complex, real-world applications. This innovative approach positions Chainspace as a solution for those looking to build advanced blockchain applications on commodity cloud platforms.
The Graph
The Graph is an indexing protocol that facilitates querying data from decentralized networks such as Ethereum and IPFS, serving as a vital component of the Web3 ecosystem. It allows developers to create and publish open APIs, known as subgraphs, which applications can access using GraphQL to retrieve blockchain data. Currently, The Graph provides a hosted service to simplify the development process, with plans to launch a decentralized network. It supports data indexing from Ethereum, IPFS, and POA, with additional networks anticipated in the future. As of now, thousands of developers have deployed over 3,000 subgraphs for decentralized applications, including prominent projects like Uniswap, Synthetix, and Decentraland. The platform has experienced significant growth in usage, highlighting its role in powering the decentralized web.
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