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“Ethena is building the holy grail of stablecoins: a coin that is truly stable, decentralized, and capital-efficient,” said Dragonfly general partner Tom Schmidt in the press release. “Stablecoins have grown massively in popularity over the past few years by providing access to USD-denominated savings and remittances for people around the
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“We are thrilled to have co-led Florida Street's seed round, and we are excited about the solutions they are bringing to Web3 users. Gondi's instant refinancing will enhance the NFT lending market, allowing borrowers to access more affordable credit and fostering a growing market,” said Alex Pack, Managing Partner at
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Dragonfly Capital has invested $10 million in cryptocurrency derivatives exchange Bitget, the San Francisco-based venture capital firm announced on April 4. The funds will be used to support Bitget’s ongoing global market and service expansion and upcoming corporate social responsibility initiatives directed at crypto education and adoption.Bitget disclosed that since its
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“The Econia protocol provides a settlement engine at the base layer of Aptos DeFi, which enables other dapps to tap into a common trading venue,” said Alex, referring to decentralized applications. “With liquidity pooled into Econia’s order books, developers can focus on building out innovative products like perpetual futures, options,
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The capital will go toward hiring, partnerships and integrations. Source
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Hu joined Dragonfly Capital, a crypto-focused investment banking firm, in 2019 as a general partner and head of liquid strategy. He previously spent three years as an associate at BlackRock with the Alternative Investment Group. In April, Dragonfly closed its third fund, with $650 million in committed capital to invest
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Dragonfly Capital Partner Tom Schmidt discusses the “red flags” VCs may have missed following FTX’s collapse and how it is likely to influence funding moving forward. Source
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Dragonfly has also rebranded itself, according to Bloomberg. Original Source
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LidoDAO, the governance body that controls Lido Finance, has voted to reject a proposal that would have sent 1% of the LDO token supply to Dragonfly Capital in exchange for about $14.5 million in DAI.LDO is the native token on the Lido Finance protocol, which issues the Lido Staked Ether
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XLD Finance, which offers cross-border decentralized finance (DeFi) tools for emerging markets, raised $13 million in a pre-Series A funding round led by Dragonfly Capital and Infinity Ventures Crypto. The funds will go toward product development and hiring engineers, according to a press release provided to CoinDesk. Original Source
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