Alf Protocol Unveils VCs Backing Its Early-Stage Funding
AlfProtocol, a novel trading mechanism on Solana (SOL) high-performance blockchain, recently scored an amazing array of partnerships and a number of private rounds with top-tier VCs on board.
Leading investors supported AlfProtocol: Introducing Zen Capital, Dust Ventures, DIB Ventures and Scorpio
As part of its fundraising campaign and promotion strategy, Solana-based DeFi AlfProtocol inked a number of long-term partnerships with VC funds and angel investors. All of them are focused on investing in the Web3 space and supporting promising startups in the cryptocurrency and blockchain segments.
Alfprotocol aims to become the homepage for DeFi on #Solana ? pic.twitter.com/A3zVDY4A7v
— AlfProtocol (@AlfProtocol) January 22, 2022
Zen Capital is among the most active VC teams as of Q1, 2022. Decentralized finance, Metaverses and blockchain-based gaming protocols represent three core areas of its expertise. In recent months, it took part in funding rounds for Ertha, Spellfire, SolChicks, ReadyPlayerDAO and another 20+ next-gen start-ups.
Created by a team of cryptocurrency veterans, Dust Ventures is focused on early-stage start-ups in crypto and all other promising segments. Particularly, it supports Web3 teams in their fundraising efforts in the initial phases of their development.
DIB Ventures is focused solely on blockchain and cryptocurrency products. Its large-scale team is well-known for its unmatched expertise in the CIS and Eastern Europe markets for high-tech products and disruptive start-ups.
Last but not least, AlfProtocol is also backed by Scorpio VC. It is a young and flexible asset management firm focused on HK stock and U.S. stock trading. Besides that, the company operates short-term quantitative funds. The Scorpio VC offering includes operations with digital asset funds, blockchain product development, supernode operations, e-commerce and investments in real-world products.
200x leverage, spot trading, yield farming: What's new in AlfProtocol?
AlfProtocol pioneers the integral DeFi ecosystem segment on Solana (SOL). Its suite of offerings has products for leveraged and unleveraged trading, i.e., its clients can trade Solana-based assets in a peer-to-peer manner with up to 200x leverage.
Arman ShirinyanAlfProtocol's orders are executed by AlfMM, a unique automated market-making engine. It is designed for resource-efficient allocation of capital injected by liquidity providers.
Also, AlfProtocol released AAlf—Allotment Alf money market solution - which includes single-asset pools. They allows AlfProtocol's clients to work with more flexible liquidity strategies.
Arman Shirinyan
Alex Dovbnya
Dan Burgin