The Venture Codex

Participated · Series B · Jan 2023

Vee.Finance is a DeFi cross-chain lending protocol built on Avalanche that provides collateralized loans, liquidity mining, and direct leveraged trading by integrating multiple DEXs. Its smart contracts have been audited by SlowMist and CertiK, and the project scheduled mainnet launch for September 14. The protocol aims to lower the barrier for traditional finance users to access DeFi through friendlier product UX and higher capital efficiency via integrated DEX order books. After the recent financing, Vee.Finance plans to add a limit-order system that traverses integrated DEX order books for automated matching and execution, expand support to additional public chains based on community demand, and integrate decentralized derivatives trading. The team also launched a pre-mainnet airdrop to reward users who tested the Farm feature; the airdrop totals 240,000 VEE and will be distributed to the top 4,000 users by Farm yield (snapshot on Sept 14, 16:00; event began Sept 12, 10:00).

Participated · Equity · Mar 2022

Deliq Finance is a decentralized liquidity provisioning protocol built on the Avalanche blockchain to enable fast, scalable, low-fee EVM-compatible operations. Its core product is a Liquidity-by-Staking model that aggregates single-sided deposits into Deliq Liquidity Pools (DLPs) and deploys liquidity to exchanges to reduce slippage. Liquidity Providers stake assets into DLPs to earn yields while Liquidity Directors (market makers, DAOs, VCs) stake DLQ to direct aggregated liquidity to exchanges such as Trader Joe and Pangolin. DLQ is the native token (total supply 100 million, minted in phases with decreasing inflation) and is used for staking, directing liquidity, and rewards. The protocol aims to enable protocol-owned liquidity and long-term, cost-efficient liquidity bootstrapping for new DeFi projects. Deliq has announced an upcoming DLQ IDO on Polkastarter and plans to use IDO proceeds to seed liquidity into DLPs.

Participated · Seed · Dec 2021

RaceFi is the first AI/ML car racing game on Solana that combines racing within a digital metaverse. The game includes multiple modes such as Battles, PvP, PvE, and more. Players can own in-game property, earn rewards by leveraging that property to win races, and trade assets on a built-in marketplace. RaceFi positions itself at the intersection of NFTs, DeFi and gaming and aims to foster adoption within the Solana ecosystem. The team has experience launching successful games and its advisory board includes blockchain entrepreneurs such as Eric Su (ExNetwork), Kevin Abdulrahman, Kyle Nguyen (VBC Ventures), and Steven Lee (PolRare). After closing a $2.9M seed and private round, the company is preparing IDOs and a token sale to advance its roadmap.