• Aegis

  Led · Seed · Feb 2025

  Aegis has developed YUSD, described as the first Bitcoin-backed stablecoin with real-time transparency and independence from the fiat banking system. The product uses a delta-neutral approach and sells BTC-margined perpetual contracts equal to its Bitcoin exposure to maintain stability. YUSD offers a yield mechanism similar to Ethena but positioned to avoid risks associated with USDT, and users accrue yield simply by holding YUSD and registering their wallet—no staking required. The platform provides detailed transparency tools, including APY calculation breakdowns, a proof-of-reserves panel showing custodial vaults and collateral assets, and visibility into open market positions. Aegis plans integrations with industry protocols, liquidity pools, and lending providers and has a partnership with Riverside Hedge to provide instant liquidity. The company says it will use new funding to launch YUSD in Q1, fund an insurance pool, and expand the team.

• Ammalgam

  Participated · Equity · Sep 2024

  Ammalgam offers a Decentralized Lending Exchange (DLEX) that combines lending and trading into one protocol to increase capital efficiency and yield for liquidity providers. The protocol supports unlimited trading strategies for advanced users and a UI designed for passive LPs. It is permissionless and oracle-free, and provides three lending methods: extracting unutilized assets from the trading pool, traditional DeFi lending and borrowing, and an impermanent gain mechanism. Ammalgam also provides instant payout charts and a visualization UI to show the impact of price fluctuations and fees on LP positions. The company plans to use the new funding to accelerate protocol growth, expand key talent, improve product development for current and future solutions, conduct audits, and invest in go-to-market strategies. The company is led by founder Will Fey and is based in Singapore.

• ZKX

  Participated · Equity · Jun 2024

  ZKX is a decentralized exchange that makes perpetual futures trading social via PVP battles, copy trade pools and gamified competitions. The protocol leverages an appchain to deliver high scalability and high-speed APIs, combining centralized exchange efficiency with DeFi self-custody. ZKX launched its native $ZKX token on KuCoin, Gate.io and Bitget and introduced staking and an airdrop to reward users and early adopters. The token has a total supply of 100 million with 33% unlocked at launch; staking lets users earn a share of platform revenue and supports governance. The team plans to expand cross-chain interoperability and broaden presence across multiple L1 and L2 ecosystems in 2024. ZKX has raised $7.6M to date from a mix of strategic and earlier investors to accelerate protocol growth and feature rollout. ZKX builds an open-source, permissionless derivatives trading protocol on StarkNet (StarkWare’s L2) that leverages ZK rollups. The protocol aims to address DeFi challenges such as over-reliance on oracles, difficulty bootstrapping liquidity for new derivatives, and centralized listing mechanisms. ZKX plans to launch its mainnet in Q4, followed by its first product: an exchange enabling crypto derivatives trading on StarkNet with built-in rewards, liquidity provisioning, and support for complex trading strategies. The company raised $4.5M in seed funding to support further development of its core offerings, DAO funding, and continued growth of the ZKX ecosystem. ZKX was founded in 2021 and is headquartered in Dubai, United Arab Emirates. Founders named in the articles are Eduard Jubany Tur, Naman Sehgal, and Vitaly Yakovlev.

• Glacier Network

  Participated · Seed · Jun 2024

  Glacier Network builds a decentralized data composability protocol designed for large-scale decentralized applications, offering a composable, modular, and scalable Layer2 data-driven network. It combines L2 rollup solutions to create a programmable, multi-chain data network. The project provides a NoSQL GlacierDB that developers can use to manage data on Arweave, Filecoin, and BNB Greenfield. Glacier aims to push DApps to leverage decentralized databases (DDB) to create trustless data primitives and new data-driven use cases. The company recently completed financing that values the project at $100 million. Financially, Glacier announced an $8 million angel and seed financing round. Glacier Network is a decentralized data composable protocol designed to power large-scale decentralized applications with a composable, modular and scalable Layer2 data-driven network. The project promotes DApps to use decentralized databases (DDB) to create trustless data primitive use cases. By combining L2 rollup solutions, Glacier builds a programmable, composable multi-chain data network. Developers can manage data using its NoSQL GlacierDB across Arweave, Filecoin and BNB Greenfield. Glacier Network completed a $2.9 million seed financing. The round included participation from several institutional investors reported in the announcement.

• Blueberry Protocol

  Participated · Series A · Jun 2024

  Blueberry Protocol is a decentralized prime brokerage platform that enables users to create leveraged strategies with specific risk parameters to maximize capital efficiency. It provides decentralized access to generalized leverage for DeFi on Ethereum, offering higher leverage and advanced risk management compared with traditional prime brokerages. Blueberry integrates transparent risk-management tools with a sophisticated leverage framework to expand accessibility, boost capital efficiency, and improve profitability for a wide variety of DeFi users. The first protocol connected to Blueberry is Bloom, which introduces permissionless RWA yields (TBYs) with natively yielding returns. The system was built by Composable Corps, whose leadership has experience at Zero1 Capital, Huobi, Tesseract, Credit Suisse, Kruse Western Group, and early Bitcoin. Blueberry is led by CEO Jonathan Thomas and recently raised $2.5M in Series A funding to support team expansion and an increased security budget.

No current team members are available.