Mechanism Capital

Mechanism Capital is a venture capital investment firm established in 2020 and located in Liberty Hill, Texas. The firm specializes in investments within the cryptocurrency industry, with a particular emphasis on decentralized finance (DeFi). By targeting innovative companies in this rapidly evolving sector, Mechanism Capital aims to capitalize on the growth and potential of blockchain technology and its applications in finance.

Steve Cho

General Partner - Head of Mech Play

Brian Fakhoury

Junior Partner

Andrew Kang

Co-Founder and Partner

Marc Weinstein

Partner

Past deals in Crypto

DeFi.app

Seed Round in 2025
DeFi.app helps to make DeFi trading easier while keeping full ownership of crypto assets. It also helps to manage CEFI and DEFI more effectively.

Canopy

Seed Round in 2025
Canopy is a financial technology company that operates a decentralized finance (DeFi) platform. It specializes in aggregating and optimizing yields from various DeFi protocols. The platform uses a dual-token ecosystem, $LEAF and $OAK, and allows users to provide liquidity with single asset deposits. Canopy's software enables users to manage their portfolios from a single, intuitive dashboard, automatically adjusting and optimizing investments to maximize returns through compounding rewards.

DeFi.app

Seed Round in 2024
DeFi.app helps to make DeFi trading easier while keeping full ownership of crypto assets. It also helps to manage CEFI and DEFI more effectively.

Exponent Finance

Seed Round in 2024
Exponent Finance is a Solana Network DeFi fixed price market that creates time-locked tokens that can generate set returns or be traded for yield.

StripChain

Venture Round in 2024
Stripchain is an intent-based interoperability standard that enables chain abstraction.

Humanity Protocol

Seed Round in 2024
Humanity Protocol is developing Proof of Humanity, a novel feature designed to provide developers with unique-human authentication mechanisms and give users complete ownership over their data and identity.

Holograph

Venture Round in 2024
Holograph, founded in 2020 and based in Los Angeles, specializes in non-fungible token (NFT) technology that allows NFTs to be transferred across different blockchains while ensuring data integrity. The company offers a software platform that enhances minting standards for NFTs and secures cryptocurrency mining through a decentralized and encrypted ledger. Holograph's services include counterfeit prevention, carbon offsetting, and the implementation of secure smart contracts. Additionally, the company provides permanent storage for NFT metadata, continuous royalty payments, and copyright registrations, facilitating a comprehensive ecosystem for individuals to mine, trade, and manage digital assets efficiently.

Runes DEX

Seed Round in 2024
Runes DEX is a decentralized exchange specializing in trading meme-based tokens on the Bitcoin blockchain. It facilitates automated trading and provides liquidity solutions, along with farming rewards for users. The platform enables users to create, trade, and engage with meme tokens in a secure and transparent manner, fostering innovation and community involvement within the Bitcoin meme token ecosystem.

XION

Series A in 2024
XION is a Layer 1 blockchain platform designed to facilitate mainstream adoption through a unique chain abstraction approach. It serves as the first Generalized Abstraction layer specifically tailored for consumer use, enabling users to interact with blockchain technology without the need for traditional wallets. By simplifying the user experience, XION aims to make blockchain more accessible to a broader audience, thereby promoting its integration into everyday applications.

MyPrize

Seed Round in 2024
MyPrize is a pioneering online casino platform that leverages cryptocurrency for transactions. It stands out by fostering a deep social interaction environment, allowing users to play alongside their favorite creators and friends, and even monetize their gaming skills within a digital community. The company is backed by prominent developers and leading venture capital firms.

Zeus Network

Seed Round in 2024
Zeus Network is a cutting-edge and permissionless communication layer platform that connects connects Solana and Bitcoin.

Humanity Protocol

Pre Seed Round in 2024
Humanity Protocol is developing Proof of Humanity, a novel feature designed to provide developers with unique-human authentication mechanisms and give users complete ownership over their data and identity.

Anzen

Seed Round in 2024
Anzen creates decentralized finance infrastructure powering the first private credit backed stablecoin

Pixelmon

Seed Round in 2024
Pixelmon is a decentralized web3 gaming company based in New York that specializes in the development of online video games. The company provides a virtual metaverse where players can engage in trading, cooperate with friends, and participate in battles and training activities. Through its innovative platform, Pixelmon aims to create an immersive gaming experience that combines social interaction and competitive gameplay.

NAVI Protocol

Seed Round in 2024
NAVI is the first Native One-Stop Liquidity Protocol on Sui. It enables users to participate as liquidity providers or borrowers within the Sui Ecosystem.

Nftperp

Series A in 2023
nftperp is a decentralized finance platform established in January 2022 in Washington, D.C., that allows users to speculate on the floor prices of prominent NFT projects, such as Bored Ape Yacht Club and CryptoPunks. The platform offers a perpetual decentralized exchange for trading, enabling users to engage in contract trading of blue-chip nonfungible tokens. By focusing on the growing significance of NFTs within the web3 ecosystem, nftperp provides an innovative space for individuals to participate in the NFT market beyond traditional ownership, facilitating new trading opportunities in the rapidly evolving digital asset landscape.

Pocket Network

Venture Round in 2023
Pocket Network is a developer of decentralized infrastructure aimed at facilitating blockchain application development. The company's platform enables users to connect their applications to various blockchains by directing them to a node that manages requests across the protocol. This infrastructure not only streamlines the integration process but also allows developers to create custom plugins, thereby saving time and resources while acquiring knowledge and implementing blockchain technology.

Pixion Games Limited

Seed Round in 2023
Pixion Games Limited is a pioneering force in the realm of competitive multiplayer gaming, driven by a steadfast commitment to accessibility, enjoyment, and empowerment. Founded on May 2, 2017, by Kam Punia, our company boasts a dedicated team of 50 individuals passionate about revolutionizing the gaming landscape. At Pixion, we believe that competitive gaming should be inclusive and rewarding for all, which is why we've introduced Lunchtime Esports, a new frontier in snackable competitive gaming experiences. Our blockchain-powered platform, Pixion League, not only fosters intense competition but also ensures that players truly own their rewards, embodying our vision of Play-to-Own gaming. With an annual revenue of $2 million, Pixion Games stands as a beacon of innovation, redefining the boundaries of multiplayer gaming one exhilarating match at a time.

Boxed

Pre Seed Round in 2023
Boxed operates as a Web3 loot box platform .

Portals

Seed Round in 2023
Portals is a platform that makes Web3 simpler by making it simple for anyone to combine intricate DeFi operations.

MetaCRM

Seed Round in 2023
MetaCRM is a prominent martech company specializing in customer relationship management (CRM) solutions tailored for the Web3 industry. By harnessing the power of AI and blockchain data, MetaCRM offers a suite of tools, including MetaForm, MetaDesk, and Meta Panel, which enable companies to access valuable cross-chain data. These solutions aim to enhance the efficiency of sales and customer success teams, ultimately improving user acquisition and retention rates. MetaCRM's vision is to empower businesses to connect seamlessly with over one billion crypto wallet users, thereby boosting their return on investment in advertising and overall marketing efforts.

MetaverseGo

Seed Round in 2022
MetaverseGo is a decentralized Web 3.0 platform designed to facilitate access to play-and-earn games, guilds, NFTs, and decentralized applications. It aims to simplify the entry for both gamers and newcomers by providing an intuitive experience that allows users to engage with various gaming and blockchain assets using just their mobile number. The platform not only enables participation in gaming guilds and NFT collections but also allows users to utilize their earnings across multiple payment platforms, thereby enhancing asset ownership and connectivity within the gaming industry.

Cantina Royale

Funding Round in 2022
Cantina Royale is a blockchain gaming platform that combines traditional gaming with the latest technological advances in the NFT space. It offers a shooter game where players can engage in player-versus-player (PVP) and player-versus-environment (PVE) missions using diverse NFT collections. The platform's 3D modeling technologies facilitate NFT interoperability within the Cantina universe, allowing NFT owners to lease their digital assets to other players. This leasing system enables automatic splitting of in-game rewards, promoting a play-to-earn model. Cantina Royale aims to make NFT gaming accessible by incorporating free-to-play features, thus attracting a broader audience without requiring significant upfront investments.

Blast Royale

Initial Coin Offering in 2022
Blast Royale is a blockchain-based play-to-earn platform that allows players to earn Craft Spice while playing matches. The game uses two tokens, the primary token Blast (BLST) and Craft Spice (CS), the in-game P2E token of the Blast Royale Metaverse. BLST is used for trading NFTs on the Blast Royale marketplace and crafting new NFTs, whereas CS has numerous utility uses, including crafting and repairing equipment. Players earn CS by taking part in Blast Royale matches.

Dank Bank

Pre Seed Round in 2022
Dank Bank is a venture-backed trading platform that specializes in fractional ownership of NFTs representing authentic memes, viral videos, and other iconic moments from internet culture. The platform allows users to collect and trade these fractional NFTs, facilitating investment in the intellectual property of their favorite creators. By connecting fans with the creators of popular content, Dank Bank enables users to support their preferred artists while gaining a stake in their future success. Additionally, users benefit from community perks such as merchandise and tickets to live events, enhancing their engagement with the creators and the broader community.

Allora Labs

Series A in 2022
Allora Labs is a blockchain-based protocol focused on providing reliable appraisals for digital assets, particularly in the realm of non-fungible tokens (NFTs). The company has developed a platform that incentivizes experts to deliver honest insights, thereby facilitating efficient price discovery for NFTs. By compensating these experts for their assessments, Allora Labs not only unlocks new opportunities for professionals in the field but also enhances decision-making for crypto developers. The platform employs machine learning to analyze credible information, allowing users to optimize strategies and quantify risks in the rapidly evolving digital asset market.

Cross The Ages

Seed Round in 2022
Cross The Ages is a gaming platform that merges fantasy and science fiction within the shared continent of Artellium, which features distinct regions like Arkhante, known for its magic and summoning, and Mantris, a technologically advanced city-continent inhabited by multicultural people. The platform allows players to access this universe through smartphones or desktops, where they can collect digital cards and engage in various games. Players can earn tokens with blockchain-based value that appreciate as the game evolves, contributing to the progression of the storyline. The narrative is centered around the young ruler Malkha and her advisors, the Primus, as they navigate the complexities of their world.

Itheum

Venture Round in 2022
Itheum is a pioneering data infrastructure platform that facilitates the sale of valuable personal data to the AI industry, which requires consented data for its growth. The company specializes in blockchain-powered technology that encompasses data tokenization, licensing, provenance, creator protection, and governance. It aims to create a comprehensive framework for the emerging data economy in the AI era. Additionally, Itheum offers a decentralized, cross-chain data brokerage software that helps manage data silos and unlock new value for data. This includes a data collection and analytics toolkit, a decentralized data exchange, and a data metaverse, all designed to equip data creators and consumers with the necessary tools to connect and leverage valuable personal data from the web.

Diagonal

Pre Seed Round in 2022
Diagonal is a developer of a non-custodial protocol that facilitates recurring payments on the Ethereum blockchain. The platform enables businesses to manage subscriptions directly through secure smart contracts, offering a straightforward application programming interface for integration. With its tested infrastructure, Diagonal allows companies to implement on-chain subscription services with minimal coding, ensuring that all payment processing and logic are handled through decentralized mechanisms. This approach provides businesses with a reliable and efficient solution for managing subscription-based transactions.

Anboto Labs

Seed Round in 2022
Anboto Labs operates a crypto execution platform that integrates both centralized finance (CeFi) and decentralized finance (DeFi) exchanges. The platform is designed to enhance trading efficiency by offering a range of advanced order types, including Time-Weighted Average Price (TWAP), Volume-Weighted Average Price (VWAP), and Iceberg orders. Anboto Labs also provides features such as smart order routing, as well as pre- and post-trade analysis, which assist traders in making informed decisions. Additionally, the platform supports multi-leg trades, allowing users to manage and execute trades seamlessly within a single application. By focusing on unified execution, Anboto Labs aims to empower crypto traders to navigate the dynamic market landscape effectively.

BreederDAO

Series A in 2022
BreederDAO is a blockchain technology company specializing in the production of non-fungible tokens (NFTs) for the gaming industry. It functions as an asset factory, focusing on high-volume creation of in-game assets tailored to the needs of major gaming guilds in the Metaverse. By providing a custom API toolkit, BreederDAO enables developers to integrate player-driven economies into their games. The company's offerings include breeding and crafting mechanisms, which optimize asset traits to enhance in-game yields. This approach allows game developers to empower players to generate new assets or NFTs, thereby enriching the overall gaming experience and driving engagement in Play-To-Earn ecosystems.

Atomic Form

Seed Round in 2022
Atomic Form is a comprehensive digital art and NFT platform that offers blockchain-based solutions for managing non-fungible tokens and Web media. Its multi-chain NFT administration tool, The Hub, allows users to share, discover, and control multiple Atomic Form devices from a single interface. The platform spans various applications, including art, collectibles, and video games, and integrates functionality for cryptocurrency-based hardware. This hardware features a rotatable low-profile wall mount that can be adjusted for both portrait and landscape orientations, providing a seamless experience for users seeking to manage their NFT assets alongside the necessary software solutions. Additionally, Atomic Form has incorporated Nifty Gateway to enhance its offerings.

Hubble Protocol

Venture Round in 2022
Hubble Protocol is a decentralized financial platform that facilitates long-term borrowing, lending, and the creation of structured financial products. It aims to democratize access to decentralized finance by offering a range of sustainable financial services. The protocol's software supports multi-asset collateral and enables zero-interest borrowing, allowing users to leverage yield-bearing assets for loans. Additionally, Hubble enhances yield generation on deposits of various tokens, providing clients with optimized financial opportunities while minimizing costs associated with loans.

Burnt

Series A in 2022
Burnt Finance operates as a decentralized NFT auction protocol that facilitates the minting and trading of digital assets within a permissionless ecosystem. It aims to address the barriers that hinder the broader adoption of cryptocurrency by creating an inclusive infrastructure. The protocol not only serves as an auction house for digital assets but also supports fundraising, collections, and staking activities. By providing high-speed and low-cost services, Burnt Finance enhances the user experience in the Web3 space, collaborating with like-minded organizations to develop tools and products that promote cultural integration and functionality in the crypto domain.

NEAR

Initial Coin Offering in 2022
NEAR Inc. is a company that develops and provides a platform for creating decentralized applications through its NEAR Protocol, a scalable blockchain designed for open-source code. Founded in 2017 and headquartered in San Francisco, California, NEAR Inc. focuses on bridging the adoption gap for mainstream commercial software by offering tools that facilitate the writing, testing, and deployment of decentralized applications. The platform is engineered to support a wide range of applications, ensuring security for high-value assets such as money and identity. Additionally, NEAR provides essential services, including documentation, wallet, studio, and explorer functionalities, which contribute to a robust ecosystem for developers.

Hubble Protocol

Seed Round in 2021
Hubble Protocol is a decentralized financial platform that facilitates long-term borrowing, lending, and the creation of structured financial products. It aims to democratize access to decentralized finance by offering a range of sustainable financial services. The protocol's software supports multi-asset collateral and enables zero-interest borrowing, allowing users to leverage yield-bearing assets for loans. Additionally, Hubble enhances yield generation on deposits of various tokens, providing clients with optimized financial opportunities while minimizing costs associated with loans.

Ignite Tournaments

Seed Round in 2021
Ignite Tournaments is developing a mobile app designed to organize esports tournaments, making competitive gaming accessible to a vast audience of 3 billion gamers globally. The platform facilitates the organization of tournaments for mobile-compatible games that lack existing tournament infrastructure, allowing users to enhance their gaming experience with advanced features. Additionally, Ignite Tournaments supports payouts in 70 different currencies across 175 countries, ensuring a wide reach and convenience for participants. The company aims to bridge the gap in the esports ecosystem by providing essential tools for both gamers and tournament organizers.

XY Finance

Venture Round in 2021
XY Finance is a developer of an innovative aggregator that facilitates cross-chain exchange services, comprising two main components: X Swap and Y Pool. X Swap enables users to perform cross-chain transfers and exchanges seamlessly, while Y Pool offers liquidity solutions that enhance the efficiency of transferring crypto assets across different blockchains. Additionally, XY Finance provides a customizable widget designed for easy integration into decentralized applications (DApps), creating a unified user interface that simplifies cross-chain operations. By leveraging its composable APIs, XY Finance ensures users have access to comprehensive cross-chain functionalities and optimized web3 execution services, ultimately broadening user accessibility across various blockchain networks.

Platypus Finance

Seed Round in 2021
Platypus Finance is a decentralized finance (DeFi) protocol that offers a new mechanism for Automatic Market Makers (AMM) for stablecoins to optimize capital efficiency.

C3

Seed Round in 2021
C3 Exchange operates a self-custodial trading platform that facilitates the buying and selling of spot and derivative assets. The exchange combines the advantages of self-custody and decentralization with the performance and accessibility typically associated with traditional trading platforms. Its innovative clearing engine protocol allows for cross-margin and cross-collateralization, enabling traders to optimize their capital usage by calculating margin requirements across all open positions in their accounts. Through this approach, C3 Exchange aims to enhance the trading experience while maintaining user control over their assets.

Mara

Seed Round in 2021
Mara is a platform for Africans to learn through, while leveraging, blockchain technology to build digital wealth. The company empowers Africans to develop financial literacy so they can take the greatest possible advantage of the numerous opportunities available in the digital economy. The Mara wallet allows users to easily buy, sell, earn, withdraw, and protect their assets - including cryptocurrencies such as Bitcoin, Ethereum, and Mara Token - in real time. Mara was founded in 2021 and is located in Nairobi, Kenya.

Timeswap

Seed Round in 2021
Timeswap is a decentralized finance application that facilitates borrowing and lending through cryptocurrency. The platform allows users to engage in fixed maturity lending and borrowing using any crypto tokens, with the option to utilize alternative tokens as collateral. Its key features include flexible interest rates and collateral factors, which enable users to tailor their risk-return profiles according to their preferences. Additionally, Timeswap supports the creation of Ethereum-based ERC20 token pools by allowing users to provide the necessary liquidity. This structure provides a versatile and user-friendly environment for crypto investors and individuals seeking to access crypto loans.

Genopets

Seed Round in 2021
Genopets is a mobile game that combines elements of fitness and gaming through a Free-to-Play, Move-to-Earn model. Players nurture a digital pet whose development is directly linked to their physical activity, as the game tracks steps taken via smartphones and wearable fitness devices. By engaging in everyday activities such as walking or jogging, users can earn cryptocurrency while exploring, battling, and evolving their Genopets in the virtual world known as the Genoverse. The game fosters a sense of emotional connection between players and their digital companions, reminiscent of traditional pet care experiences, thereby encouraging a more active lifestyle. With its unique approach to gamification, Genopets aims to motivate individuals to prioritize their health through engaging gameplay.

Ardana

Funding Round in 2021
Ardana is a decentralized stablecoin ecosystem built on the Cardano blockchain that focuses on creating an asset-backed stablecoin protocol and a decentralized exchange. The platform allows users to borrow stablecoins against locked collateral, providing convenient access to liquidity. Ardana's stablecoin is overcollateralized with Cardano native assets, ensuring stability and security. Additionally, the decentralized exchange facilitates efficient trading between stablecoins and similar assets, allowing liquidity providers to earn low-risk income through transaction fees. This combination of features positions Ardana as a comprehensive solution for managing and utilizing stablecoins within its ecosystem.

OPgames

Seed Round in 2021
OPgames is a suite of tools that enables game developers to provide mini esports experiences to their players through tournaments and PvP matchups with crypto as buy-in and pay-outs.

XDefi Wallet

Series A in 2021
XDEFI Wallet is a non-custodial cryptocurrency wallet that enables users to securely store, send, and swap digital assets, including NFTs, across 30 different blockchains. The wallet is designed to facilitate interaction with various decentralized finance (DeFi) protocols, making it a vital tool for users looking to engage in the growing DeFi ecosystem. With over 200,000 users, XDEFI Wallet provides a user-friendly platform that allows seamless access to decentralized marketplaces and NFT applications directly through web browsers. Its chain-agnostic capabilities and robust features position XDEFI Wallet as an essential resource for individuals participating in the evolving landscape of digital finance and asset management.

NGRAVE

Seed Round in 2021
NGRAVE is a company that specializes in providing a comprehensive solution for managing cryptocurrency securely. It has developed a hardware wallet that ensures private keys are never exposed, maintaining their security by keeping them completely offline during key generation and transaction signing. This design protects against malicious hacking and online threats, allowing users to store their cryptocurrency safely. NGRAVE's offerings include a hardware wallet and a key backup system, positioning the company as a leader in secure crypto management solutions.

Chainflip

Seed Round in 2021
Chainflip is a decentralized cross-chain swapping protocol that facilitates the trustless exchange of cryptocurrencies between different blockchain networks. The platform is designed to enable users to trade assets directly without relying on a trusted intermediary, thus ensuring a secure and efficient transaction process. Utilizing advanced technology frameworks such as Rust, Chainflip allows for anonymous and permissionless swaps, eliminating the need for additional software, collateral, or wrapped assets. This innovative approach empowers investors to move funds seamlessly across various blockchains and ecosystems, providing a streamlined solution for cross-chain asset management.

Highstreet

Seed Round in 2021
Highstreet is a commerce-centric metaverse accessible on browsers and native PC VR. With veterans from VR, Defi, fine art, and hype markets, the mission of Highstreet is to bridge the gap between reality and the digital world and redefine how financial products should be consumed and sold on the market. Players are able to form parties to explore a vast new world on the Highstreet interface, own and expand their virtual reality estates, and buy tokenized products from their favorite brands.

Loda.fi

Venture Round in 2021
Loda.fi is a lending platform that allows users to leverage cryptocurrency as collateral for loans. The platform enables users to deposit their crypto assets into an account, from which they can open a credit line determined by the value of the deposited assets. Once approved, the funds are directly transferred to the borrower's bank account, offering flexibility in accessing credit. This model provides an innovative solution for individuals looking to obtain loans while utilizing their cryptocurrency holdings.

TokenScript

Initial Coin Offering in 2021
TokenScript is a new tokenization standard that will deliver a more integrated web. A token-centric middleware that connects the scale of Web2 with the promise of Web3.

Nansen

Series A in 2021
Nansen Limited is a blockchain analytics company founded in 2019 and headquartered in Wan Chai, Hong Kong. The firm develops a software-as-a-service platform that enhances on-chain data by integrating it with a comprehensive database of millions of wallet labels. This analytic tool assists cryptocurrency investors in identifying opportunities, conducting due diligence, and managing their portfolios through real-time dashboards and alerts. Nansen's services are designed to provide users with valuable insights into the blockchain landscape, facilitating informed decision-making in the dynamic crypto market.

RabbitX

Seed Round in 2021
RabbitX is a decentralized finance platform that simplifies investment in global stocks, foreign exchange, commodities, and digital assets without charging commissions. The platform leverages advanced Zero-Knowledge decentralized scaling technology to enhance user experience and security. It offers unique features such as interest rate swaps, enabling users to trade, speculate, and hedge interest rates in cryptocurrency transactions. Supported by prominent investors, RabbitX aims to modernize finance by integrating traditional financial instruments into the digital landscape.

Yield Guild Games

Series A in 2021
Yield Guild Games (YGG), founded in 2018 and based in Quezon City, Philippines, is a decentralized autonomous organization focused on investing in non-fungible tokens used in virtual worlds and blockchain-based games. The company aims to build the largest virtual world economy by optimizing community-owned assets for maximum utility and sharing profits with its token holders. YGG also invests in early-stage token and equity deals within web3, gaming studios, and the infrastructure supporting industry growth.

Divergence Protocol

Seed Round in 2021
Divergence Protocol is a decentralized platform for composable crypto options and volatility derivatives.

Pontem Network

Venture Round in 2021
Pontem Network is a product studio focused on developing foundational decentralized applications (dApps) for the Aptos blockchain. Its flagship product, the Pontem Wallet, is a secure wallet available on multiple platforms, including Chrome, Firefox, iOS, and Android, allowing users to store and send tokens on the Aptos network. The wallet is integrated with various services, including the Liquidswap decentralized exchange, NFT marketplaces like Topaz and Souffl3, and liquid staking platforms such as Ditto and Tortuga. Additionally, Pontem Network offers tools for developers, including the Move Playground browser code editor, the Move IntelliJ IDE plugin, and ByteBabel, a Solidity-to-Move code translator that enables Ethereum Virtual Machine compatibility on Aptos. Through these products, Pontem Network aims to facilitate innovation and support the growth of the Aptos ecosystem.

Set Labs

Series A in 2021
Set Labs is focused on advancing the field of finance through innovative cryptocurrency asset management solutions. The company develops a protocol that enables the creation and exchange of collateralized baskets of tokens, utilizing smart contracts to facilitate the bundling and unbundling of various crypto assets. This technology allows users to efficiently create cryptocurrency baskets, which can include a mix of ERC20 tokens, non-fungible tokens, and on-chain securities. By providing tools and specifications for developers, Set Labs aims to simplify the process of asset management in the blockchain space, promoting a more accessible and flexible financial environment.

Alice

Seed Round in 2021
Alice is a decentralized finance mobile application that enables users to send money to friends. The app is powered by an automated and decentralized interest-rate protocol that cuts out middlemen to offer direct access to DeFi. Alice is backed by Arrington Capital, Do Kwon, Mechanism Capital, and Accomplice Blockchain. It is based in Los Angeles, California.

Burnt

Venture Round in 2021
Burnt Finance operates as a decentralized NFT auction protocol that facilitates the minting and trading of digital assets within a permissionless ecosystem. It aims to address the barriers that hinder the broader adoption of cryptocurrency by creating an inclusive infrastructure. The protocol not only serves as an auction house for digital assets but also supports fundraising, collections, and staking activities. By providing high-speed and low-cost services, Burnt Finance enhances the user experience in the Web3 space, collaborating with like-minded organizations to develop tools and products that promote cultural integration and functionality in the crypto domain.

Pendle Finance

Seed Round in 2021
Pendle Finance is a decentralized finance protocol that allows users to tokenize and sell future yields.

BENQI Corpo

Funding Round in 2021
Developed by an experienced team of blockchain designers, BENQI is a protocol to unlock greater liquidity within the defi market. BENQI enables defi users to make their assets work harder to generate additional yield. Built on Avalanche’s high speed smart contract network, BENQI will evolve into a cross-chain defi hub that’s positioned at the heart of decentralized finance.

Benqi

Private Equity Round in 2021
BENQi is a developer of a decentralized finance (DeFi) liquidity protocol built on the Avalanche blockchain. The company focuses on creating a seamless platform for lending, borrowing, and earning interest on digital assets. By combining elements of traditional finance and decentralized finance, BENQi aims to democratize access to financial products, offering permissionless lending and borrowing options. The protocol is designed to be highly scalable and user-friendly, with an emphasis on low fees. Additionally, BENQi seeks to bridge multiple blockchain ecosystems, including Ethereum, Polkadot, and Binance Smart Chain, through Avalanche's subnets, positioning itself as a cross-chain DeFi solution that enhances liquidity and accessibility in the digital asset space.

Moonbeam Network

Funding Round in 2021
Moonbeam is an Ethereum-compatible smart contract platform on the Polkadot network that makes it easy to build natively interoperable applications.

NAOS Finance

Seed Round in 2021
NAOS Finance operates a decentralized finance platform that provides an alternative to traditional financial systems. This platform allows decentralized finance lenders and small to medium-sized enterprise borrowers to engage in a permissionless environment on the blockchain. By facilitating the origination and funding of loans without relying on traditional intermediaries, NAOS Finance enables lenders to achieve stable and recurring income streams. Additionally, the platform bridges the gap between on-chain activities and larger off-chain opportunities, enhancing accessibility and efficiency in financial transactions.

XDefi Wallet

Seed Round in 2021
XDEFI Wallet is a non-custodial cryptocurrency wallet that enables users to securely store, send, and swap digital assets, including NFTs, across 30 different blockchains. The wallet is designed to facilitate interaction with various decentralized finance (DeFi) protocols, making it a vital tool for users looking to engage in the growing DeFi ecosystem. With over 200,000 users, XDEFI Wallet provides a user-friendly platform that allows seamless access to decentralized marketplaces and NFT applications directly through web browsers. Its chain-agnostic capabilities and robust features position XDEFI Wallet as an essential resource for individuals participating in the evolving landscape of digital finance and asset management.

Bluefin

Seed Round in 2021
Bluefin operates a decentralized derivatives exchange that leverages innovative blockchain technology to facilitate access to global financial markets. The platform is designed for both novice and experienced traders, offering features such as leverage trading, short selling, and rapid trade settlement. By combining the security and transparency of decentralized systems with the efficiency and low costs typically associated with centralized exchanges, Bluefin aims to democratize trading for users worldwide. The company is supported by a group of prominent investors, enhancing its position in the competitive trading landscape.

SIREN

Seed Round in 2021
SIREN is a distributed protocol creating a decentralized blockchain exchange for options trading on Ethereum. The company is focused on creating a high-quality, seamless experience for sophisticated users and requires no third-party settling mechanism or order matching to complete option settlement on-chain. It allows for both buyers and sellers to mint, buy, and trade in and out of options positions at any time. SIREN was founded in 2020 and is based in San Francisco, CA.

SIREN

Seed Round in 2020
SIREN is a distributed protocol creating a decentralized blockchain exchange for options trading on Ethereum. The company is focused on creating a high-quality, seamless experience for sophisticated users and requires no third-party settling mechanism or order matching to complete option settlement on-chain. It allows for both buyers and sellers to mint, buy, and trade in and out of options positions at any time. SIREN was founded in 2020 and is based in San Francisco, CA.

Nansen

Seed Round in 2020
Nansen Limited is a blockchain analytics company founded in 2019 and headquartered in Wan Chai, Hong Kong. The firm develops a software-as-a-service platform that enhances on-chain data by integrating it with a comprehensive database of millions of wallet labels. This analytic tool assists cryptocurrency investors in identifying opportunities, conducting due diligence, and managing their portfolios through real-time dashboards and alerts. Nansen's services are designed to provide users with valuable insights into the blockchain landscape, facilitating informed decision-making in the dynamic crypto market.

Horizon Finance

Seed Round in 2020
Horizon Finance is a platform dedicated to decentralized interest rate and protocol cash flow markets. It enables users to deposit their assets with either fixed or floating interest rates, providing a unique opportunity to compete for preferential payment by capping their yield. The platform offers a trading toolkit for participants in the decentralized finance ecosystem, facilitating engagement with key yield streams while rewarding users for their participation. Through its innovative approach, Horizon Finance aims to enhance user experience in managing and optimizing financial returns.

Frontier

Seed Round in 2020
Frontier is a web wallet that offers security services for managing NFT collections, cryptocurrency, and decentralized finance (DeFi). The company has developed a decentralized finance aggregation platform that connects users with essential DeFi tools across various blockchain platforms. This platform facilitates protocol tracking and management, staking, asset swapping at competitive rates, liquidity provision, and the creation and monitoring of collateralized debt positions (CDPs). Frontier aims to enhance user experience and accessibility in the rapidly evolving landscape of decentralized finance.
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