Join Our Mailing List
Wednesday November 29, 2023
Bitcoin (BTC) $38,176.23   Ethereum (ETH) $2,056.26
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Capital Raising

DeFi fintech studio Framework Labs raises $8M seed round

Funding will be used to govern, provide liquidity, and build on top of leading and emerging DeFi protocols...

Published by CryptoNinjas.net
08/27/2020
DeFi fintech studio Framework Labs raises $8M seed round

Framework Labs, a fintech studio for the rapidly emerging “Decentralized Finance” or “DeFi” industry, has closed an $8 million seed round of financing led by investment firm Station 13. Framework Labs is a first of its kind fintech studio for DeFi; a full-stack partner to bootstrap the decentralized protocols reinventing finance. Its creators are the founders of Framework Ventures, the DeFi venture fund best known as the largest holders of decentralized oracle network Chainlink ($2.5 billion market cap) and crypto-backed, synthetic asset platform Synthetix ($380 million market cap) aside from core development teams.

Founded in early 2019 Framework Ventures helped provide early-stage capital to the then-nascent DeFi industry, and the team saw an opportunity to support the emerging class of DeFi primitives with more than just venture capital with Framework Labs. The seed funding enables Framework Labs to grow its research, trading and engineering teams, craft governance proposals for DeFi blockchain protocols, provide liquidity to non-custodial decentralized exchanges, incubate promising startups, and build consumer-facing applications on top of protocols that Framework Ventures has backed.

Framework Labs has quietly expanded operations over the last year to become arguably the largest DeFi market participant in the industry, helping spur the total market capitalization of DeFi protocols to over $6 billion. Already, Framework Labs has become:

  • The largest staker on Synthetix, a protocol for trading and creating synthetic assets
  • The largest liquidity provider and market maker on Uniswap, a popular decentralized exchange for Ethereum
  • An integral node operator providing the off-chain data that powers DeFi via Chainlink
  • The largest provider of staking services for two major blockchains

“DeFi is coming into its own and beginning to achieve product-market fit at scale, yet traditional investors are asleep at the wheel when it comes to the category. It isn’t enough to buy and hold tokens and provide ‘thought leadership’ – DeFi is not a spectator sport. Active participation, governance, building of consumer products, and advanced trading strategies are all part of the complex process of making a DeFi protocol successful. We are at the bleeding edge of this financial technology,” said Vance Spencer, Co-Founder at Framework Labs.

With its funding, Framework Labs announced two strategic hires to lead the Labs initiative: Ray Pulver, former Co-Founder and CTO of IDEX, the world’s first real-time decentralized exchange; and Roy Learner, former Principal at Wavemaker Partners, a VC fund with $265 million in assets under management.

Co-founder Michael Anderson added, “We’re exceptionally proud to unveil Framework Labs, the manifestation of Framework Ventures’ Network Capital thesis: that alpha will be generated as much by hard work during network maturation as it is by picking winners early. To that end, the Framework Labs fintech studio will shape the way rising DeFi protocols function, bootstrapping liquidity for new projects, building retail-friendly tools, and staking to earn steady cash flows that stack atop themselves.”

91
SHARES
SubscribeE-MailXFacebookWhatsappTelegramRedditLinkedin
Via: framework.ventures

Related News

Cryptocurrency Payments for Insurance: Are Insurance Companies Really Embracing Bitcoin and Altcoins?

11/20/2023
Cryptocurrency Payments for Insurance: Are Insurance Companies Really Embracing Bitcoin and Altcoins?

It is no longer unusual to hear that a bank accepts savings in Bitcoin, Ethereum, and the like. Or that a loan company helps businesses with crypto. After all, the traditional financial and insurance industries...

Read more

Fuse Network welcomes Liquify as new blockchain infrastructure partner

10/02/2023
Fuse Network welcomes Liquify as new blockchain infrastructure partner

Today, Fuse Network, an enterprise-grade, use-case agnostic, decentralized EVM-compatible public blockchain, announced Liquify as its newest remote procedure call (RPC) provider and ecosystem partner. Liquify will provide public RPC services – both free and...

Read more

BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

08/28/2023
BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

Welcome to the world of BITmarkets - a leading cryptocurrency exchange offering a wide range of trading options for both retail traders and corporate clients. In this comprehensive review, we will explore the various...

Read more

Hong Kong’s first licensed crypto exchange HashKey is now live

08/28/2023
HashKey Exchange, Hong Kong's first licensed crypto exchange is now live

HashKey Exchange, the first licensed retail virtual asset exchange registered in Hong Kong, announced its official launch today. Together with executives from the HKSAR government, top-tier banks, insurers, and Big 4 auditing firms, HashKey...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Kyber Network adds $20M insurance protection from Unslashed Finance

Kyber Network adds $20M insurance protection from Unslashed Finance

04/24/2021
Global Brain invests in Omise, creator of crypto ecosystem OmiseGO

Global Brain invests in Omise, creator of crypto ecosystem OmiseGO

10/22/2018
Blockstream Mining Bitcoin

Blockstream launches bitcoin mining colocation and pool services

08/08/2019
Where Exactly Can You Spend Monero Cryptocurrency?

Where Exactly Can You Spend Monero Cryptocurrency?

10/20/2021
Cryptocurrency Payments for Insurance: Are Insurance Companies Really Embracing Bitcoin and Altcoins?

Cryptocurrency Payments for Insurance: Are Insurance Companies Really Embracing Bitcoin and Altcoins?

11/20/2023
Fuse Network welcomes Liquify as new blockchain infrastructure partner

Fuse Network welcomes Liquify as new blockchain infrastructure partner

10/02/2023
BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

08/28/2023
HashKey Exchange, Hong Kong's first licensed crypto exchange is now live

Hong Kong’s first licensed crypto exchange HashKey is now live

08/28/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2024 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2024 CryptoNinjas Disclosures | Privacy Policy