Participated · Seed · Mar 2024

Unstable is a liquidity-restaking protocol focused on powering zkOracles for DeFi. The protocol uses zkOracles to enhance functionality in the LRTfi market. Its lending protocol engine is supported by a zkSNARK-based verifier and EigenLayer AVS balance proofs. The company completed a $2.5M seed financing to advance its zkOracles infrastructure. The raise will be used to power and develop its zkOracles.

Participated · Seed · Nov 2023

IntentX operates an OTC marketplace and decentralized exchange that relies on a solver network to create markets and facilitate trading. The company emphasizes an intent‑based technology approach and a multi‑solver solution to deliver improved UX for traders. Recent strategic partnerships with active market makers aim to enable integrations and tighter product alignment. IntentX received investment from the Mantle Ecofund and highlights plans for deployments and integrations on the Mantle L2 chain. The team says it will leverage strategic partners, new products, and integrations to build what it calls the most complete DEX. The raise and partnerships are positioned to support upcoming deployment plans and market maker integrations. IntentX operates a full-chain OTC derivatives trading protocol and has released an Open Beta of its platform. The protocol offers trading for more than 180 perpetual currency pairs. On the platform, market makers can concentrate capital via instant liquidity to fulfill specific trade requests. The company completed a $2.5 million seed financing to support its operations and product development. Investors in the seed round include Magnus Capital (lead) and several crypto-focused funds and trading firms. No revenue or user metrics were disclosed in the article.