Participated · Equity · Nov 2021

Mean DAO builds infrastructure and products to connect traditional banking workflows to decentralized finance through its Mean Protocol and MeanFi offerings. Mean Protocol is a set of rules and smart contracts that enable application developers to facilitate everyday banking workflows on web3 apps; its Money Streaming and DCA programs power much of the value flow with automated DeFi primitives. MeanFi is a self-custody, permissionless and trustless banking product on Solana intended to onboard retail banking users and investors into DeFi. The organization reports serving more than 31,000 individual accounts, about 1,800 daily active users, thousands of transactions daily, and nearly 17,000 “super engaged” members. Mean DAO was founded in May and launched in September; the five co-founders bring 10+ years each of fintech and crypto software experience and have worked together at Realdax. With new capital, the team plans to expand Money Streaming operations, deepen Solana partnerships, pursue a multi-chain future, and grow its engineering headcount.