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 · Equity · Mar 2022

Ascenders is an upcoming AAA action role-playing game being developed by Legendary Foundry Games that combines traditional high-end game design with blockchain mechanics. Set in a sci-fantasy open world, the title lets players choose among multiple economic “lanes” (Explorer, Fighter, Builder), own their in-game assets as NFTs, and participate in a self-sustaining, player-run economy. The development team includes veterans from Activision, Rockstar North, Ubisoft, and Electronic Arts who have shipped blockbuster franchises such as Call of Duty, Grand Theft Auto, and Marvel’s Avengers. The company plans to use Avalanche’s Subnet technology to deliver richer on-chain gameplay features and frictionless user experiences. Fresh capital will be deployed to expand the studio’s roster of world-class developers and accelerate production toward launch, while community-building events are slated for the coming months. To date, Ascenders has raised US$6.4 million, giving it financial runway to scale game development and marketing efforts ahead of its Web3 release.