Difference between revisions of "Defiance Capital"

Revision as of 16:13, 11 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).
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).

@@ Line 1: / Line 1: @@
 == Basics ==
+* Launched in 2020
+* Venture fund startup which was incubated by [[Three Arrows Capital (3AC)|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 [https://twitter.com/Blockanalia/status/1533070217122746373?t=4TJBUu2JGt2t-bIWaI4a5Q&s=19 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."''
 * [https://defiweekly.substack.com/p/things-im-reading-77c?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjo0NTkyNTc3NiwiXyI6InZwSU1NIiwiaWF0IjoxNjQwNTcxNzgzLCJleHAiOjE2NDA1NzUzODMsImlzcyI6InB1Yi01NDAyIiwic3ViIjoicG9zdC1yZWFjdGlvbiJ9.XURc9YqlvBHtOutLzZ5ka6WY6fkF Tipped the vote] towards licencing the [[Aave (AAVE)|Aave]] V3 codebase (13-12-2021):
@@ Line 5: / Line 12: @@
 ''"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."''
-* In a short [https://twitter.com/Blockanalia/status/1533070217122746373?t=4TJBUu2JGt2t-bIWaI4a5Q&s=19 thread] about VCs and dumping, this fund was the fastest dumper (4-6-2022):
+== Investments ==
-''"They transferred to [[Binance]] within 15 minutes of this latest vest, and in March in took them under an hour."''
+* The firm still manages somewhere north of $100 million, according to a [https://blockworks.co/with-litigation-likely-venture-fund-defiance-takes-aim-at-three-arrows-capital/ source] (8-7-2022).
-== Investments ==
 *[[ArmorFinance (ARMOR)|Armor.Fi]]. [https://medium.com/armorfi/armor-fi-announces-strategic-backers-15631e2ab607 Joined] Armor as one of its 'strategic investors' (31-1-2021).
 *[[Balancer (BAL)|Balancer]]; part of a $12M [https://yieldfarmer.substack.com/p/defi-pulse-farmer-28?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjozMjUxMzQ1MCwiXyI6InFmb2Z2IiwiaWF0IjoxNjEzNjMwMjk1LCJleHAiOjE2MTM2MzM4OTUsImlzcyI6InB1Yi0zODQ1MSIsInN1YiI6InBvc3QtcmVhY3Rpb24ifQ.Z0JR7yJxUbQSCRL07x7HRdnOJv funding round] (2-2021).
@@ Line 21: / Line 27: @@
 *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).
 *[[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.
 *[[Rift Protocol]]; mentioned as a backer on the Rift [https://rift.finance/ website] (21-3-2022).
 *[[Set]]; part of their [https://medium.com/set-protocol/set-raises-14m-series-a-led-by-1kx-and-hashed-12969bafb596 $14M] raise (29-5-2021).
@@ Line 27: / Line 34: @@
 == Team ==
-Is a founding member of [[Asia DeFi Network (ADN)]] according to the [https://www.asiadefi.network/ website] (13-7-2021).
+* Is a founding member of [[Asia DeFi Network (ADN)]] according to the [https://www.asiadefi.network/ website] (13-7-2021).
 [[Category:Investment Fund]]