Orion Fund by Draper Dragon

Orion Fund is live and ready to deploy. 🪐 The following are in development and upcoming in the near future: - Live KPI dashboard: TVL, on-chain activity, developer onboarding & network revenue - X Space: first Ecosystem Roundtable since launch (quarterly cadence to follow) - Community Director nominations open for Arouet Holdings - Arouet Holdings Side Letter published - Official intro of our venture studio team - Draper University cohort for teams building in the Cardano ecosystem, details coming soon Selected teams that submitted an intake form will receive a follow-up shortly. Much more to come. 🔗Orion.DraperDragon.com

We are live. Join us as we introduce Cometa Labs, our in-house venture studio building at the frontier of the Cardano ecosystem. Come listen to the Space. x.com/i/spaces/1rGmq…

The community is getting a seat at the table. @Cardano_CF has opened applications for a Cardano Community Director on the board of Arouet Holdings - the entity overseeing Treasury contributions to the Orion Fund. Applications open June 29th. Link Below

.@draper_u is now accepting applications for our first cohort of Cardano builders. ✅ Structured programming through Draper University ✅ Housing in Silicon Valley ✅ Access to the Draper network across Web3 and beyond ✅ Mentorship from investors, founders, and institutions We built this fund to help the best Cardano builders scale into global companies. If you're building in the ecosystem, apply below.

A key part of the Orion Fund's structure is Draper Dragon’s venture studio, the team responsible for incubating new products on Cardano and working directly with builders across the ecosystem. On June 22nd at 8:00 AM PST, we'll be officially introducing the venture studio team and sharing more about how they'll build and collaborate on Cardano in the coming years. Link to the space: x.com/i/spaces/1rGmq…

We've built the first iteration of the Orion Fund dashboard to track key performance metrics, including TVL, on-chain activity, and portfolio distribution. These metrics will be available for the entire community to monitor as the Fund progresses, and we'll keep improving the dashboard based on your feedback. View the dashboard here: Orion.DraperDragon.com

We're live on our first Ecosystem Roundtable! Join the Space for the latest updates, ecosystem insights, and a future outlook on what's coming. x.com/i/spaces/1qKVm…

Hello World. We are Cometa Labs, a venture studio building and backing crypto native products across AI, gaming, finance, and blockchain. In partnership with @OrionFund, we help builders turn ambitious ideas into real products. Excited to build in public.

Since launching the Orion Fund, our team has been tirelessly working behind the scenes on some exciting initiatives. Join us for our first ecosystem round table, where we can share what we have been working on, updates, ecosystem progress, and what's ahead in the very near future. 🎙️June 4th | 9:00AM PST | 6:00PM CET x.com/i/spaces/1qKVm…

@AThrouvalas Congratulations team!

It starts today. UTXBROs 🟠🤝🔵

UTXO builders, this one's for you 👀 Cardano 🤝 Bitcoin Vegas Come hear @TimDraper speak live and connect with founders, investors, miners, and institutions building the future of UTXO infrastructure.

Check out what these teams built on Bitcoin’s UTXO infrastructure in just 6 weeks 👇

Draper Dragon Orion team will be at PBW 🇫🇷 Looking forward to connecting, meeting builders, and spending time with the ecosystem. x.com/ParisBlockWeek…

Governance Hour #2 - Deep Dive Into Cardano x Draper Dragon: Orion Fund x.com/i/broadcasts/1…

Cardano Governance Hours This session takes a deep dive into Cardano x Draper Dragon: Orion Fund, together with the proposer. 📅 Thursday, 09 April 16:00 - 17:00 (UTC) 🧵 Open thread for details

This marks the initial phase of the Orion Fund. Our focus is to support ecosystem growth through structured deployment, transparency, and alignment with the broader Cardano community. The real work begins now.

the @OrionFund has passed the constitutionality check & has 40.61% DRep support! Let's get this over the line before Easter weekend? tagging 10 large DReps that have yet to vote for an easter miracle @emurgo_io @YoroiWallet @BlockdaemonHQ @jasonappleton @SebastienGllmt @ArmyofSpies @phil_uplc @bigpey @Wiiinnie @ItsDave_ADA

Our investment focus surrounds sectors where Cardano’s architecture can support scalable products and real network usage. From Bitcoin DeFi, RWAs, AI, and more, we’re focused on investing, scaling, and mentoring builders.  Learn more about the proposed Orion Fund: cardanoscan.io/govAction/gov_…

One of our solutions to derisk the treasury is to require each future tranche to undergo a separate on-chain governance action and review, based on the KPIs delivered in Year 1 via our dashboard. DReps vote again with full visibility into Tranche 1 performance. This is not a single approval for $75M. When Tranche 2 comes around, our public on-chain dashboard and ecosystem KPIs will answer a straightforward question: Is the Orion Fund on track to deliver on the long-term goals, or not? The data will be transparent, and the community will have everything it needs to make that call. The ecosystem outcomes and objectives we are tracking are designed to show whether the fund is materially contributing to Cardano’s growth trajectory: - On-chain activity growth: Are portfolio companies generating measurable increases in transactions, unique addresses, and fee revenue on Cardano? - TVL contribution: What has the fund’s portfolio contributed toward the $3B+ target (RWA $1.5B+ / DeFi $1.5B+)? What percentage of the way are we? (Section 4.3) - Developer and builder pipeline: How many new developers and founders entered the ecosystem through Draper University and the venture studio? Are we on track toward the 7x monthly active developer target? (Section 4.3) - Venture studio output: Were the targeted 1–2 new Cardano-native companies incubated? Were up to 8 existing projects mentored and brought value? What is their on-chain footprint? (Section 5.2) - Accelerator outcomes: Did Hacker House onboard 15 early-stage teams? Did the Growth Accelerator produce 10 investment-ready companies? Are they building on Cardano, and what KPIs do they bring? (Section 5.3) - Institutional and liquidity impact: Has the fund brought new opportunities for exchange listings, liquidity providers, or institutional attention to Cardano-native projects? -Strategic partnerships: What new integrations, institutional relationships, or cross-ecosystem bridges resulted from fund activity? Disclaimer: Please note that our response, including all communications related to the proposal, is made with reference to the disclaimers set forth in Section 12 of the proposal.