zuff
2 posts
Within the last 24hrs, we just wrapped up another $2.25m raise.
$1.25m by @StableJack_xyz and $1m by @beraborrow, both hosted on @FjordFoundry.
Cumulatively, we've helped teams fundraise over $75m in the last 12-15 months.
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We receive hundreds of applications per month from various teams from all ecosystems looking to fundraise, but we turn down 95% of them.
Why?
There's a few reasons: (a) we don't believe in the team/project, (b) we don't feel like they are sustainable in the long-term, (c) their tokenomics or valuation just doesn't make sense when you benchmark it across others protocols in their sector, (d) we wouldn't buy into it ourselves, etc.
I strongly believe that this is what really makes us stand out - as noted in my declaration (x.com/JiraiyaReal/st…) - we do not charge a fee for curation so we judge and support a protocol based on merit.
You gotta impress us - marginal improvements to the backend infrastructure and wrapping it under a new UI/UX isn't gunna fly.
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In the last 12 months, we've supported a lot of promising protocols in fundraising, or marketing initiatives - I'll note a few, and the rationale as to why we chose them.
@GammaSwapLabs, spearheaded by gigachad @0xDeFiDevin - they've innovated a solution to turn impermanent loss on LP'ing into impermanent gain. They're also developing a new DeFi primitive that is set to roll out soon, it's big brained by @chutoro_au said its bullish - so, it's bullish.
@avalonfinance_ is building a BTC-backed stablecoin, enabling you to borrow against your $BTC at a fixed rate of 8% per year. If you're a BTC bull - this is a no brainer. You don't pay taxes on borrowed funds, you can borrow against your BTC to spend IRL and allow $BTC's continued upward trajectory pay off your loan.
@Contango_xyz have built a looping layer, enabling you to lever up on point or yield farming in a few clicks through their integrations with various money markets. Kamel is bald, so that's another bull signal.
@asymmetryfin are pioneering a two new stablecoins, with the support of giants like @AmpleforthOrg and @Fidelity. Only the governance token is live at the moment, but when the stablecoin eventually rolls out - the world will pay attention. @hannahjojo_ has showcased exceptional traits of a strong leader.
@puffpaw is putting xxx-to-earn meta, back on the map. This sector has always been interesting to me but it was unsustainable because of (a) compounding inflation, and (b) incentivising a non-natural behaviour - no one will sit there 24/7 and play your pixelated game when there's Final Fantasy, God of Ragnarok, League of Legends available. Puffpaw have solved for (a) and (b) - they're @berachain aligned, and most importantly - they have a very clear strategy in onboarding real consumers, not just degenerate farmers.
@StableJack_xyz reminds me of @pendle_fi in the early days - it takes a while to grasp, but once you get the "aha" moment - you realize how bullish it really is. I initially thought of Stable Jack as a Pendle competitor, but after reading this (x.com/SiloIntern/sta…) I realise that they can be synergistic. Shoutout to @hushky6 for the connect here.
@beraborrow is the 3rd largest CDP in the world, printed millions in fees, and a central part of the Berachain ecosystem - all done without a token. Tell you me you found PMF without tellin' me. $POLLEN will take their flywheel to the next level. Bera szn is just getting warmed up.
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tl;dr - whilst our rejection rate is incredibly high, we are always happy to back projects and founders that are building something that's +EV for the space.
We're especially keen on supporting DeFi protocols building on @berachain or @SonicLabs, so if you're building something cool that YOU ARE EXCITED about and looking to fundraise/scale up marketing efforts - shoot us a DM, we would be keen to take a closer look.
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I have attached below a free due diligence questionnaire and guide for any funds or investors considering investing into private deals.
Knowledge gleaned from being a hentai penguin lolyer in a frothy bull market.
Not legal advice.
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