Colony is a community-driven fund evolving into a DAO that aims to boost growth across the Avalanche ecosystem. It is powered by a governance token, $CLY. Colony will deploy capital within Avalanche to early-stage projects, provide liquidity to DeFi protocols, maintain an index on top Avalanche projects, and validate networks through stacking capabilities. The fund routes value generated by its investments back to the community via airdrops, a buyback mechanism and staking rewards. Colony has announced it raised over $1M in seed funding to support these activities. The team says it selected investors who share its vision and who will partner with the project for the long term.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Oct 2021