DLC.Link
1123 Budapest, Budapest, 1123, Hungary
Overview
Bitcoin has proven itself as a store of value. But to earn yield on their Bitcoin, users have to first send it to a centralized custodian. This is extremely risky, as over $40Bn has been lost to date due to custodial hacks and failures. The DLC.link platform lets users lock their Bitcoin in escrow, directly in their wallet. Users can supply their Bitcoin as collateral and earn a yield while maintaining full ownership. Currently only 2% of Bitcoin is utilized. Escrow will unlock the remaining 98%, making over $1 Trillion in Bitcoin liquidity available for lending on Ethereum and other blockchains.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 1
Sector focus
- Cryptocurrency
Investment portfolio
- Lambda Finance
Participated · Equity · Apr 2024
Lambda Finance is a Bitcoin-ecosystem stablecoin project that is developing a self‑developed btcUSD stablecoin. The project aims to inject Bitcoin liquidity into the DeFi ecosystem via that btcUSD token. The company announced it had completed an $1.8M angel round on April 19, 2024. Participating investors named in the report include Curve founder Michael Egorov, Hashcow Group, 區塊先生, Threshold Network, DLC.Link, and AladdinDAO. The article does not disclose operating metrics or the intended use of proceeds. The financing was reported by DoNews (IT桔子).
Team
Aki Balogh
Co-Founder & CEO
LinkedIn