Participated · Equity · Feb 2024

Founded in late 2022, Portal Gate is building infrastructure that lets institutions trade on-chain while keeping transaction details private and meeting regulatory requirements. Its first product, privacy pools, obscures wallet-to-wallet linkages and is slated for a mainnet launch in Q3. The company’s core roadmap centers on a decentralized dark pool that will hide order sizes and prices, enabling large, efficient trades without market impact. Portal Gate relies on zero-knowledge-based compliance oracles to provide both off-chain and on-chain permissioning as Web3 regulation evolves. The fresh capital will be used to expand the core team, finalize the privacy-pool rollout, and accelerate dark-pool development. No revenue or user figures were disclosed in the articles.

Participated · Equity · Jun 2023

Maverick Protocol operates a DEX powered by a native automated market maker (AMM) designed to deliver higher capital efficiency for liquidity providers. Since launching its DEX in March 2023, the protocol has ranked top 3 DEX on Ethereum and #1 on zkSync Era by volume, secured more than $37M in TVL, and supported over $2B in on-chain volume with capital efficiency up to 374%. Maverick has integrated with projects including Lido, Frax, Liquity, cbETH, Rocket Pool, and Swell. The platform also introduced "Boosted Positions," surgical incentivization tools that give token projects greater control over liquidity and reduce wasted incentives. The company plans to use new funding to build more efficient LST infrastructure, address cross-chain liquidity inefficiencies, deploy on additional chains, support developers building on its stack, and attract more projects to its ecosystem. The protocol positions itself as infrastructure for traders, liquidity providers, DAO treasuries, and developers aiming to increase capital efficiency in DeFi. Maverick is a DeFi derivatives platform building a Gaussian Automated Liquidity Protocol (ALP) that positions liquidity around real-time market prices to improve capital efficiency and reduce price slippage. The protocol features an open, permissionless asset-listing ecosystem and allows participants to use ERC-20 tokens as collateral for perpetual trading pairs. Maverick plans to offer up to 10x leverage on listed perpetuals and to launch staking opportunities for liquidity providers, with its ALP automatically managing LP collateral to remove the need for active position monitoring. The team intends to scale the base protocol by improving its core machine-learning function and expanding the business team ahead of mainnet, which is expected to debut in mid-2022. The project aims to list more mid-cap perpetual pairs than many existing DeFi derivatives platforms to address growing demand and has partnered with other decentralized projects to realize this vision.