ParaFi Capital

Founded in Toronto, Canada in 1995, Cypherpunk Holdings invests primarily in cryptocurrencies and privacy technologies. Its portfolio includes Bitcoin, Ethereum, Monero, and other digital assets. The company also engages in strategic activities like lending, staking, liquidity provisioning, and private equity investments focused on early-stage DeFi and blockchain companies.

Polymarket is a prediction market platform that enables users to wager real money on the outcomes of debated current events. The service operates on blockchain technology, primarily Ethereum, with additional use of the Polygon network to improve scalability and reduce transaction costs. Participants connect through an Ethereum-compatible wallet and place bets using the USDC stablecoin on topics such as politics, healthcare, economics, and other areas where public discussion centers on likely outcomes. The platform transforms speculative activity into market-based insights by allowing users to express expectations about future events and realize gains or losses based on actual results.

Thruster operates a decentralized exchange (DEX) on the Blast blockchain, catering to developers, yield seekers, and traders. It offers a user-friendly automated market maker (AMM) DEX experience, enhanced with features to improve on-chain interactions. Notably, liquidity provider (LP) tokens on Thruster are fungible and can be employed for on-chain leverage, collateralization, and earning yield through various liquidity tools and Blast-native yield opportunities.

Centrifuge is a blockchain-based platform that connects the global financial supply chain through a decentralized, privacy-preserving protocol for exchanging financial documents and data. It enables businesses to transact in a peer-to-peer network while retaining ownership of their information, including company details, relationships, and transaction history. Founded in 2017 and based in San Francisco with a Berlin office, Centrifuge supports on-chain tokenization and management of assets, allowing the tokenization, management, and distribution of asset-backed products. The platform also enables third-party developers to build applications on top of its data, effectively serving as a decentralized operating system for the financial supply chain and facilitating global transactions while preserving data ownership.

Kinto is the KYC'ed Layer 2 capable of supporting both modern financial institutions and decentralized protocols.

Founded in 2015, Gnosis is a decentralized infrastructure provider for the Ethereum ecosystem. Initially focused on prediction markets, Gnosis evolved into a Decentralized Autonomous Organization (DAO) in late 2020, with a treasury controlling over 150K ETH and 8 Million GNO tokens. In 2021, Gnosis Chain was launched as an Ethereum companion chain for stable transactions using the xDai token. Gnosis incubates products such as Gnosis Safe (a multisig wallet), Cow Protocol (a decentralized exchange), Conditional Tokens (prediction markets), and Zodiac (DAO tooling).

Founded in 2015, Gnosis is a decentralized infrastructure provider for the Ethereum ecosystem. Initially focused on prediction markets, Gnosis evolved into a Decentralized Autonomous Organization (DAO) in late 2020, with a treasury controlling over 150K ETH and 8 Million GNO tokens. In 2021, Gnosis Chain was launched as an Ethereum companion chain for stable transactions using the xDai token. Gnosis incubates products such as Gnosis Safe (a multisig wallet), Cow Protocol (a decentralized exchange), Conditional Tokens (prediction markets), and Zodiac (DAO tooling).

Burrow is a decentralized platform that operates a non-custodial liquidity pool, enabling users to supply and borrow assets for trading. The platform focuses on unlocking liquidity for interest-bearing assets, particularly layer 1 staking derivatives. By allowing users to supply assets, Burrow facilitates the earning of interest and enables borrowing against those assets to enhance liquidity. Additionally, the platform features a governance token staking program, which encourages user participation and investment in the ecosystem. Overall, Burrow aims to provide a streamlined approach to accessing liquidity in the decentralized finance space.

Immutable Systems, founded in 2018 and based in Sydney, Australia, develops video games that integrate blockchain technology to enhance player experience. The company, previously known as Fuel Games, focuses on creating a platform that allows players to own digital assets and engage in secure trading. By utilizing the Ethereum blockchain, Immutable Systems aims to provide scalable infrastructure that promotes transparency in in-game economies, empowering players with greater control over their gaming experiences. The company's innovative approach includes offering tools and services that facilitate the development and management of player-owned assets, fostering a user-friendly environment for both gamers and developers.

ConsenSys is an Ethereum software and Web3 company that enables developers, enterprises, and individuals to build decentralized applications, deploy modern financial infrastructure, and access the decentralized web. Its product suite includes Infura, Quorum, Truffle, Codefi, MetaMask, and Diligence, serving millions of users and supporting billions of blockchain-based queries and digital assets. Built on Ethereum, ConsenSys fosters the growth of a programmable economy by providing tools, services, and research that accelerate innovation and the mainstream adoption of blockchain technology.

BAYZ is a decentralized autonomous organization and online gaming platform that aims to bring people into the metaverse through blockchain-based play-to-earn experiences. It collaborates with publishers, content creators and gamers to connect players with NFT-based games and decentralized titles, enabling participation in titles such as Axie Infinity, The Sandbox, Ember Sword and Big Time and offering opportunities to earn money and NFT prizes. The initiative focuses on content and competition to reward engagement and seeks to build future job opportunities around gaming and web3 participation.

Founded in 2014 by Cameron and Tyler Winklevoss, Gemini is a leading cryptocurrency exchange and custodian based in the United States. It offers customers the ability to buy, sell, and securely store digital assets while adhering to stringent regulatory standards.

ConsenSys is an Ethereum software and Web3 company that enables developers, enterprises, and individuals to build decentralized applications, deploy modern financial infrastructure, and access the decentralized web. Its product suite includes Infura, Quorum, Truffle, Codefi, MetaMask, and Diligence, serving millions of users and supporting billions of blockchain-based queries and digital assets. Built on Ethereum, ConsenSys fosters the growth of a programmable economy by providing tools, services, and research that accelerate innovation and the mainstream adoption of blockchain technology.

Gelato Network is an innovative company based in Berlin, Germany, that focuses on automating smart contract executions on the Ethereum blockchain. Founded in 2007, Gelato provides a web cloud platform that allows developers to streamline their on-chain processes, enhancing application reliability and performance. Its audited smart contract protocol eliminates the need for developers to manage underlying server infrastructure, thereby saving significant development time and reducing the potential for single points of failure. The platform supports the creation of augmented smart contracts that are automated, gasless, and compatible with all major EVM-compatible blockchains, making it a valuable tool for developers looking to optimize their applications.

Domination Finance develops a non-custodial trading platform for speculating on cryptocurrency market dominance metrics. Deployed on Ethereum, Polygon, and Boba networks, its platform enables users to long or short Bitcoin Dominance using synthetic tokens built on the UMA protocol.

deBridge Finance is a developer of a cross-chain interoperability and liquidity transfer protocol designed to facilitate decentralized asset transfers between multiple blockchains. The protocol operates on a network of independent oracles and validators, which are elected through deBridge governance. It provides essential infrastructure for cross-chain interoperability, enabling users to transfer assets, including NFTs, across various platforms such as Ethereum, Polygon, Binance Smart Chain, Huobi Ecological Chain, and Arbitrum. By allowing seamless transfers between these blockchains, deBridge Finance enhances accessibility and liquidity in the digital asset space.

Lyra Finance operates a decentralized platform focused on trading cryptocurrency options and perpetual contracts. Built on Ethereum, Lyra Finance combines traditional options market-making principles with the advantages of the crypto space, such as scalability and composability. The protocol offers unique and programmable on-chain options and structured products, allowing users to buy and sell options that are priced using an innovative market-based, skew-adjusted pricing model. This approach enhances the accuracy of pricing in the options market, catering to the needs of traders in the evolving cryptocurrency landscape.

RabbitHole helps users navigate the play to earn space with curated opportunities. The company also allows users to build their knowledge with resources across DeFi, DAOs, and NFTs as well as explore web3 projects and earn rewards doing so. RabbitHole was established in 2020 by Brian Flynn in Venice, California.

PoolTogether operates an Ethereum-based platform that offers users a no-loss savings game. Users deposit funds into the platform's smart contract, earning interest weekly. At the end of each week, one winner receives the collective interest earned, while all other participants retain their principal.

Notional is a decentralized protocol for fixed rate, fixed term lending and borrowing of crypto assets on Ethereum. Users can lend or borrow stablecoins at fixed rates of interest for terms of up to six months using a variety of assets as collateral. Notional achieves fixed rate lending via a primitive called fCash, which is redeemable for an underlying currency like DAI upon the fCash token’s maturity date. Notional operates specialized liquidity pools that allow users to efficiently trade cash for fCash and vice versa. The exchange rate that a user receives on their trade implies a fixed rate of interest from the time of trade until the fCash token’s maturity. Notional is flexible and configurable. The protocol can add additional assets for lending and borrowing, additional collateral types, and additional maturities beyond six months. The community intends to broaden Notional’s scope over time to include a wider array of supported assets and extended available maturities. Notional prioritizes security. The protocol team works with industry leaders to ensure that the smart contracts are technically secure and that the economic assumptions applied in the protocol’s design are sound.

PureStake is a blockchain infrastructure company that builds and operates infrastructure, APIs, and tooling for public blockchain networks. It supports networks such as Algorand, offering services and products including the AlgoSigner wallet extension, API-as-a-service, goalseeker block explorer, and infrastructure and consulting services for private and co-chain deployments; and Polkadot, including validators and Moonbeam smart contract support, with consulting services. The company provides a cloud-based platform that offloads infrastructure management and focuses on application development, featuring automated provisioning, globally distributed nodes, and robust security to enable staking and validator activities. Founded in 2019 and based in Burlington, Massachusetts.

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

Fei Protocol is a developer of a decentralized and scalable stablecoin aimed at addressing issues related to whale activity that affect existing dollar-pegged products. The platform employs an innovative stablecoin mechanism that promotes capital efficiency and ensures fair distribution, all while being fully decentralized. This design allows users to utilize the stablecoin to support liquid secondary markets. By contributing to open source decentralized applications, Fei Protocol seeks to enhance the functionality and accessibility of stablecoins within the cryptocurrency ecosystem.

Donut is a financial technology company that facilitates wealth building through its innovative platform focused on decentralized finance (DeFi). Founded in 2018 and dual headquartered in Los Angeles and Berlin, Donut offers users a straightforward and reliable method to access both fixed and variable yields. The platform effectively bridges traditional finance and DeFi, providing a fast mobile onramp experience that is designed to be accessible, educational, and transparent. By prioritizing user experience, Donut enables individuals to save and earn competitive yields, making it easier for them to explore new financial opportunities.

PoolTogether operates an Ethereum-based platform that offers users a no-loss savings game. Users deposit funds into the platform's smart contract, earning interest weekly. At the end of each week, one winner receives the collective interest earned, while all other participants retain their principal.

Polymarket is a prediction market platform that enables users to wager real money on the outcomes of debated current events. The service operates on blockchain technology, primarily Ethereum, with additional use of the Polygon network to improve scalability and reduce transaction costs. Participants connect through an Ethereum-compatible wallet and place bets using the USDC stablecoin on topics such as politics, healthcare, economics, and other areas where public discussion centers on likely outcomes. The platform transforms speculative activity into market-based insights by allowing users to express expectations about future events and realize gains or losses based on actual results.

DeversiFi gives traders the edge in fast-moving decentralized finance (Defi) markets by allowing them to trade at lightning speed and with deep aggregated liquidity, directly from their privately owned cryptocurrency wallet. Traders can take advantage of more trading opportunities while always preserving control of their assets when they need to move fast. DeversiFi’s order-books are off-chain, but settlement occurs on the Ethereum blockchain. This means that traders benefit from fast-moving order books and instant execution, without having to trust the exchange and whilst always maintaining control of their assets at all times.

Aave SAGL operates a decentralized lending and borrowing platform on the Ethereum blockchain, enabling users to earn interest on deposits and borrow assets. The platform facilitates both over-collateralized and under-collateralized borrowing, providing flexibility for borrowers. Aave mints aTokens for lenders at a 1:1 ratio to their supplied assets, allowing interest to compound continuously. This interest can be redirected to different addresses, separating it from the principal. Additionally, Aave offers flash loans, which are uncollateralized loans that must be borrowed and repaid within a single transaction, fostering innovation in decentralized finance. Founded in 2017, Aave originally operated under the name ETHLend and is based in London, United Kingdom, and Chiasso, Switzerland. The platform serves both depositors and borrowers, contributing to market liquidity and supporting various financial transactions within the blockchain ecosystem.

Keep Network, established in 2017 and based in George Town, Cayman Islands, specializes in creating interactive links between public blockchains and private data. The company's core product, tBTC, is a decentralized bridge enabling users to securely and anonymously transfer their Bitcoin to the Ethereum network, facilitating participation in decentralized finance (DeFi) platforms. Keep Network's technology, an off-chain container for private data, allows smart contracts to leverage the full power of public blockchains while maintaining data privacy.

The Graph is an indexing and query protocol for decentralized networks that enables developers to publish open APIs, called subgraphs, which applications can query with GraphQL to retrieve blockchain data. A hosted service is in production to help developers start quickly, while a decentralized network is launching. It currently indices data from Ethereum, IPFS and POA, with more networks planned. Thousands of developers have deployed subgraphs for DApps such as Uniswap, Synthetix, Aragon, Aave, Gnosis, Balancer, Livepeer, DAOstack and Decentraland. The Graph supports a global community of participants, including indexers and curators, to maintain and curate the data network.

DeversiFi gives traders the edge in fast-moving decentralized finance (Defi) markets by allowing them to trade at lightning speed and with deep aggregated liquidity, directly from their privately owned cryptocurrency wallet. Traders can take advantage of more trading opportunities while always preserving control of their assets when they need to move fast. DeversiFi’s order-books are off-chain, but settlement occurs on the Ethereum blockchain. This means that traders benefit from fast-moving order books and instant execution, without having to trust the exchange and whilst always maintaining control of their assets at all times.