Difference between revisions of "Defiance Capital"
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*[[Furucombo (COMBO)|Furucombo]]; one of the [https://www.theblockcrypto.com/linked/90366/defi-aggregator-furucombo-1-85-million-seed-round participants] in a $1.85$ raise (7-1-2021). | *[[Furucombo (COMBO)|Furucombo]]; one of the [https://www.theblockcrypto.com/linked/90366/defi-aggregator-furucombo-1-85-million-seed-round participants] in a $1.85$ raise (7-1-2021). | ||
*Gitcoin. [https://vitalik.ca/general/2020/10/18/round7.html Is one of the funders] (18-10-2020) of [[Gitcoin]] Grant round 7 (and possibly continues to do so). | *Gitcoin. [https://vitalik.ca/general/2020/10/18/round7.html Is one of the funders] (18-10-2020) of [[Gitcoin]] Grant round 7 (and possibly continues to do so). | ||
*[[MStable (MTA)|mStable]]; turned out to have a backdoor deal on [[tokens]]. From a [[PrimeDAO (D2D & PRIME)|Prime]] Rating [https://primerating.mypinata.cloud/ipfs/QmeTRyxk6Cx5DSGrDa7VfDX488xLFHasGwjkYw9m7EhESP report] (7-2022): ''"In [https://medium.com/mstable/mta-emission-important-update-d1332bed0374 July 2020] community observed that some MTA tokens were unlocked unexpectedly and without announcement. Co-founder James Simpson admitted that the protocol team wasn't communicating clearly to the community about the deal and vesting schedule with a group of investors (DeFiance Capital, DACM, and [[Three Arrows Capital (3AC)|Three Arrows Capital]]). Simpson explained the situation in [https://medium.com/mstable/mta-emission-important-update-d1332bed0374 this article]."'' | |||
*[[Nexus Protocol (PSI)|Nexus Protocol]]; mentioned on their [https://nexusprotocol.app/ website] as an investor (4-11-2021). | *[[Nexus Protocol (PSI)|Nexus Protocol]]; mentioned on their [https://nexusprotocol.app/ website] as an investor (4-11-2021). | ||
*[[Orca (ORCA)|Orca]]; [https://blockworks.co/with-litigation-likely-venture-fund-defiance-takes-aim-at-three-arrows-capital/ co-invested] with 3AC. | *[[Orca (ORCA)|Orca]]; [https://blockworks.co/with-litigation-likely-venture-fund-defiance-takes-aim-at-three-arrows-capital/ co-invested] with 3AC. | ||
Revision as of 12:49, 12 July 2022
Basics
- Launched in 2020
- Venture fund startup which was incubated by Three Arrows (8-7-2022). DeFiance is now considering legal action against Three Arrows, the sources said. This happened after 3AC filed for bankrupcy.
- In a short thread about VCs and dumping, this fund was the fastest dumper (4-6-2022):
"They transferred to Binance within 15 minutes of this latest vest, and in March in took them under an hour."
- Tipped the vote towards licencing the Aave V3 codebase (13-12-2021):
"What was interesting about this vote was the fact that defimaximalist.eth (Defiance Capital) tipped the vote over to yes. Kind of ironic for the name huh."
Investments
- The firm still manages somewhere north of $100 million, according to a source (8-7-2022).
- Armor.Fi. Joined Armor as one of its 'strategic investors' (31-1-2021).
- Balancer; part of a $12M funding round (2-2021).
- Bancor; from the Bancor blog (18-3-2021): "Has a position in the BNT token and will serve as strategic advisors to the Bancor protocol, advising on tokenomics, strategy and institutional liquidity provision."
- BoringDAO; mentioned as one of the investor partners on Boring's website (3-5-2021).
- The Defiant; one of many investors who took part in the $1.4M raise for Defiant Media (12-4-2021).
- DeversiFi; one of the participants of a $5M private token sale for 12% of the supply (18-5-2021).
- dYdX; participated in the Series B round of $10M (26-1-2021).
- InsurAce; participated in a $3M raise (4-3-2021).
- Furucombo; one of the participants in a $1.85$ raise (7-1-2021).
- Gitcoin. Is one of the funders (18-10-2020) of Gitcoin Grant round 7 (and possibly continues to do so).
- mStable; turned out to have a backdoor deal on tokens. From a Prime Rating report (7-2022): "In July 2020 community observed that some MTA tokens were unlocked unexpectedly and without announcement. Co-founder James Simpson admitted that the protocol team wasn't communicating clearly to the community about the deal and vesting schedule with a group of investors (DeFiance Capital, DACM, and Three Arrows Capital). Simpson explained the situation in this article."
- Nexus Protocol; mentioned on their website as an investor (4-11-2021).
- Orca; co-invested with 3AC.
- Rift Protocol; mentioned as a backer on the Rift website (21-3-2022).
- Set; part of their $14M raise (29-5-2021).
- Secret Network; bought SCRT in an OTC deal (16-1-2022).
- Swivel; participated in the S1.15M seed round, along many other participants (10-12-2020).
Team
- Is a founding member of Asia DeFi Network (ADN) according to the website (13-7-2021).
