Difference between revisions of "Amber Group"
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== Basics == | == Basics == | ||
* Based in | * Founded in [https://thedefiant.io/amber-group-denies-insolvency-claims 2018] | ||
* Crypto trading and market-making firm | *Based in [https://thedefiant.io/amber-group-denies-insolvency-claims Singapore] | ||
* Crypto trading and market-making firm | |||
== Projects == | == Projects == | ||
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"''The [[KeeperDAO (ROOK)|KeeperDAO]] project was first [https://medium.com/keeperdao/introducing-keeperdao-an-on-chain-liquidity-underwriter-dbb63731f4a5 revealed] in December, as a joint effort between Amber Group and [[Talo Systems]]. Amber is Kullander's crypto trading and market-making firm, and Talo is a [[blockchain]] research firm run by [[Taiyang Zhang]], who is also the CEO of [[DeFi]] protocol [[Ren]]. Kullander and Zhang jointly manage the [[KeeperDAO]] project."'' | "''The [[KeeperDAO (ROOK)|KeeperDAO]] project was first [https://medium.com/keeperdao/introducing-keeperdao-an-on-chain-liquidity-underwriter-dbb63731f4a5 revealed] in December, as a joint effort between Amber Group and [[Talo Systems]]. Amber is Kullander's crypto trading and market-making firm, and Talo is a [[blockchain]] research firm run by [[Taiyang Zhang]], who is also the CEO of [[DeFi]] protocol [[Ren]]. Kullander and Zhang jointly manage the [[KeeperDAO]] project."'' | ||
=== TRON DAO === | |||
* It is [https://messari.io/report/state-of-tron-q3-2022?referrer=all-research one of the] [[whitelisted]] institutions of the TRON DAO Reserve (TDR), which governs the overcollateralization of [[USDD]] (4-11-2022). | |||
== Investments == | == Investments == | ||
* [[ | * From The Defiant (7-12-2022): | ||
''"[[Lookonchain]] [https://twitter.com/lookonchain/status/1600071536114733058 said] six [[Wallet|wallets]] allegedly owned by Amber have only $9.46M in assets between them — Amber claims on its website to have over $5B “on its platform” and to be responsible for $1T of trading volume. [[Jason Choi]], founder of [[Tangent]], an angel investing collective, shared [https://zapper.fi/bundle/0xe11970f2f3de9d637fb786f2d869f8fea44195ac,0x12b5c9191e186658841f2431943c47278f68e075,0x5293551532ceadde07c58651be8b06df7521b91f,0x4bf2c1a46a6246ca99e55fd6372d65f63c67be28,0xa337321a3b9909aec6e7053ef8e8fdb24e4614f2,0xef82e7e85061bd800c040d87d159f769a6b85264,0x94b27b52e0a188c3d5c4be7e39d04094cbf1a5bf,0xbb98f2a83d78310342da3e63278ce7515d52619d?label=Amber&id=0x2dd435dfdf0fda54634be39a0fbb23d9a6365111 two additional] wallets, bringing the value of Amber’s on-chain assets up to $11.1M.'' | |||
* [[UMA (UMA)|UMA]]. Took part in the [https://medium.com/uma-project/uma-raises-2-6mm-in-the-pilot-of-the-range-token-de5be578fa5e Range Token] raise for UMA of $2.66M (16-7-2021). | ''Annabelle Huang, managing partner at Amber, [https://twitter.com/_annabellehuang/status/1600083120887590913 denied] the allegations. The company did not respond to an email requesting clarity on its financial position but put out a [https://twitter.com/ambergroup_io/status/1600101239294787584 statement] echoing Huang’s."'' | ||
*[[MathWallet|MATH]] got $12M funding from [[Binance]] (17-12-2020). [[NGC Ventures]], C6E (Capital6 Eagle) and Amber Group also co-led this round of funding. | |||
*[[UMA (UMA)|UMA]]. Took part in the [https://medium.com/uma-project/uma-raises-2-6mm-in-the-pilot-of-the-range-token-de5be578fa5e Range Token] raise for UMA of $2.66M (16-7-2021). | |||
== Team, Partners == | == Team, Partners == | ||
* Tiantian Kullander; co-founder | * Annabelle Huang; managing partner | ||
*Tiantian Kullander; co-founder, he [https://www.ambergroup.io/newsDetail?id=444&source=inTheNews passed away] unexpectedly in his sleep on Nov. 23, 2022. | |||
*Laid off hundreds of employees in December after letting 30% to 40% of its staff go in September, 2022 [https://twitter.com/WuBlockchain/status/1600018582212988929 according] to Colin Wu, a reporter focused on crypto developments in Asia. Amber [https://thedefiant.io/amber-group-denies-insolvency-claims raised] $200M in March in a funding round that valued the company at $3B. Temasek, the Singaporean sovereign wealth fund with $300B in assets, led the round. | |||
*Mentioned as a [https://www.bitdao.io/ partner] on the [[BitDAO (BIT)|BitDAO]] website (8-3-2022). | *Mentioned as a [https://www.bitdao.io/ partner] on the [[BitDAO (BIT)|BitDAO]] website (8-3-2022). | ||
Revision as of 10:29, 8 December 2022
Basics
Projects
KeeperDAO
"The KeeperDAO project was first revealed in December, as a joint effort between Amber Group and Talo Systems. Amber is Kullander's crypto trading and market-making firm, and Talo is a blockchain research firm run by Taiyang Zhang, who is also the CEO of DeFi protocol Ren. Kullander and Zhang jointly manage the KeeperDAO project."
TRON DAO
- It is one of the whitelisted institutions of the TRON DAO Reserve (TDR), which governs the overcollateralization of USDD (4-11-2022).
Investments
- From The Defiant (7-12-2022):
"Lookonchain said six wallets allegedly owned by Amber have only $9.46M in assets between them — Amber claims on its website to have over $5B “on its platform” and to be responsible for $1T of trading volume. Jason Choi, founder of Tangent, an angel investing collective, shared two additional wallets, bringing the value of Amber’s on-chain assets up to $11.1M.
Annabelle Huang, managing partner at Amber, denied the allegations. The company did not respond to an email requesting clarity on its financial position but put out a statement echoing Huang’s."
- MATH got $12M funding from Binance (17-12-2020). NGC Ventures, C6E (Capital6 Eagle) and Amber Group also co-led this round of funding.
- UMA. Took part in the Range Token raise for UMA of $2.66M (16-7-2021).
Team, Partners
- Annabelle Huang; managing partner
- Tiantian Kullander; co-founder, he passed away unexpectedly in his sleep on Nov. 23, 2022.
- Laid off hundreds of employees in December after letting 30% to 40% of its staff go in September, 2022 according to Colin Wu, a reporter focused on crypto developments in Asia. Amber raised $200M in March in a funding round that valued the company at $3B. Temasek, the Singaporean sovereign wealth fund with $300B in assets, led the round.
- Mentioned as a partner on the BitDAO website (8-3-2022).
