DeFi Capital

hardFork Ventures

Mechanism Capital

Cluster Capital

Moonwhale Ventures

bitfwd

The LAO

Maple Leaf Capital

Three Arrows Capital

Waterdrip Capital

Digital Asset Capital Management

Arche Fund

SevenX Ventures

PrimeDAO

Calvin Chu

IOSG Ventures

Lemniscap

LD Capital

Continue Capital

Acuarela Digital

bitscale capital

BlockTower

Australia

dHEDGE

PrimeDAO, Adoption engine for Open Finance. Launch, Rate, Pool and Venture: together.

Our mission is to Facilitate wide adoption of open finance by coordinating and cultivating projects that promote safety, reliability, liquidity, and open access, while avoiding centralized appropriation of critical financial infrastructure through decentralized governance.

DeFi must rapidly advance in four key areas: (1) liquidity, (2) safety, (3) reliability, and (4) governance, and PrimeDAO will initially prioritize projects addressing issues in these critical areas:

Liquidity should be increased and utilized more efficiently such that slippage and user experience are on par with centralized exchanges. Aggregation and layer 2 technologies available on mainnet today provide powerful tools with which to realize economies of scale.

Smart contracts, especially those holding large amounts of funds, need to be less exploitable than centralized exchanges and must function as intended under all circumstances (e.g. network congestion, rapid market movements, etc.). Safety and confidence may improve through increased integration testing, cross-project audits, bug bounties, and insurance mechanisms.

Price feed accuracy and transaction settlement success rates need to be on par with those of centralized exchanges. When things do go wrong, as they inevitably will, consensus decisions on remedies need to be enacted swiftly and efficiently so that mainstream users feel as confident as they would be with a centralized actor.

As an ecosystem coordinator, PrimeDAO will govern and allocate resources towards contributors for building, auditing, and maintaining the mechanisms and products of its community. PrimeDAO aims to form a networked organization that can efficiently coordinate systemic DeFi advancement, becoming a sustainable home for DeFi builders.

Improvements in these areas work together in virtuous improvement cycles. For example, improved safety and reliability attracts users and increases trade volume, making markets more liquid and improving price stability, which can lower over-collateralization margins and eradicate whole classes of exploits by rendering them unprofitable. Conversely, a lack of improvement creates a negative feedback cycle: low liquidity can increase transaction failures and vulnerability to profitable pump and dump exploits, creating an inferior user experience that suppresses the transition of trade volume/liquidity from centralized exchanges to DEXs.

By focusing on these four critical areas, PrimeDAO will accelerate the virtuous cycle that accelerates the wide adoption of a more holistic system for decentralized exchanges, finance, and governance.

Portfolio

CypherHunter Plus

PrimeDAO

Funding Rounds

Co-Investors