Author: Revc
Although DeFi's dominance has fallen to its lowest level in three years, measuring the percentage of DeFi's market value in the global cryptocurrency market value has fallen to 2.84%. However, in the past month, there are still DeFi track protocols that have received large institutional financing support, indicating that in the current market environment, institutions are still optimistic about the cash flow hematopoietic ability of DeFi protocols. The following are projects that have recently raised more than $10 million for readers to understand the new trend of encryption.
1. Morpho
Morpho is a decentralized finance (DeFi) protocol designed to optimize the efficiency of lending platforms. It achieves higher capital efficiency and lower collateral requirements by directly matching users with the best interest rates. Morpho is designed to increase the overall yield of lending platforms such as Aave and Compound. The official website shows that its total borrowing amount has reached US$800 million.
Morpho recently announced the completion of a $50 million strategic round of financing, led by Ribbit Capital, with participation from a16z crypto, Coinbase Ventures, Variant, Pantera, Brevan Howard, BlockTower and Kraken Ventures. The specific valuation information has not yet been disclosed.
Features
Direct matching mechanism: MorphO directly matches borrowers and lenders through its protocol, thereby achieving higher interest rate returns and lower loan costs. Optimize capital utilization.
Seamless Integration: MorphO can be seamlessly integrated into existing lending platforms, allowing users to enjoy optimized interest rates without having to transfer funds between protocols.
Vessel
Vessel is a decentralized finance (DeFi) protocol that aims to optimize lending and liquidity management through innovative approaches. It builds on the existing DeFi ecosystem to provide users with higher capital efficiency and optimized interest rates.
Vessel recently completed a $10 million seed round of financing, with participation from Sequoia Capital, Scroll co-founders Sandy Peng and Ye Zhang, Avalanche Foundation, Algorand Foundation, IMO Ventures, Folius Ventures, Incuba Alpha, and a group of angel investors. The funds from this round of financing will be used to: combine CEX efficiency with DEX transparency, improve liquidity efficiency, and develop advanced ZKP solutions for DeFi.
Features
Interest rate optimization: Vessel’s interest rate optimization function can help users obtain the best lending rate under various market conditions. Through smart contracts, dynamic adjustment of interest rates can be achieved to ensure efficient use of funds.
Liquidity Management: The platform supports users to participate in multiple liquidity pools and provides flexible liquidity solutions. Automated tools help liquidity providers (LPs) optimize their returns.
Seamless Integration: Vessel is designed to be seamlessly integrated into existing DeFi protocols and platforms, providing a wider range of market options.
3. Essential
Essential is about building intent-based infrastructure and tools to accelerate the transition from value extraction to intent fulfillment, mitigating the threat of centralization posed by the existence of MEVs. Essential's goal is to minimize extractive behavior and maximize user satisfaction.
Essential recently announced the completion of an $11 million Series A financing round, led by Archetype, with participation from IOSG, Spartan, Mirana, Amber Group, Maven 11, Bodhi Ventures, Big Brain Holdings, Heartcore Capital, Selini, DCLM and PropellerHeads, as well as founders and angel investors from Celestia, Hashflow, Enso, Barter, LI.FI, Astaria, GlueX, Bebop, Sorella, etc.
The new round of funding will be used to advance Essential's goal of making blockchain technology easier to understand and use for developers and users around the world by redesigning blockchain interactions from first principles with a declarative, intent-based architecture. Essential also launched Pint, a constraint-based programmable intent language that allows developers to constrain states directly on the Essential blockchain. In the Web3 space, the openness of the Essential technology stack makes it possible for developers to experiment in a declarative environment for the first time.
Features
Smart contract management: Essential provides tools for writing, testing, and deploying smart contracts, allowing developers to manage the contract lifecycle more efficiently. It supports multiple blockchain networks to ensure compatibility and flexibility.
Development Tool Kit: Contains a complete set of tools for building and testing dApps, including IDE integration, debugging tools, and simulation environments. Supports mainstream programming languages and frameworks to lower the development threshold.
Decentralized storage: Provide decentralized storage solutions to ensure the security and persistence of dApp data. Through integration with decentralized storage networks such as IPFS, developers can easily upload and manage data.
Authentication and permission management: Essential provides secure user authentication and permission management tools to ensure the security of user access to dApps. It supports multiple authentication methods and permission control models.
Analysis and Monitoring: Real-time analysis and monitoring tools help developers track the performance and user behavior of dApps. Provide detailed usage reports for developers to optimize.
Chaos Labs
Chaos Labs is a platform focused on protecting and optimizing the security and capital efficiency of decentralized protocols. Its services include risk management, simulation, and analysis platforms and tools to help decentralized finance (DeFi) projects and protocols address market risks and challenges in mechanism design.
Chaos Labs has raised $55 million in a Series A round led by venture capital firm Haun Ventures, with participation from F-Prime Capital, Slow Ventures, and Spartan Capital, as well as larger investors such as Lightspeed Venture Partners, Galaxy Ventures, and PayPal Ventures. Chaos Labs is also backed by angel investors such as Solana’s Anatoly Yakovenko and Phantom’s Francesco Agosti.
Chaos Labs’ current main product is Oracle Risk Portal, which aims to help DeFi protocols manage oracle-related risks by providing real-time risk analysis and monitoring.
Features
Real-time risk analysis: Provides real-time risk analysis of various oracle data sources to help the protocol identify potential vulnerabilities and risk factors. Combines market dynamics data and historical data for comprehensive analysis.
Monitoring and Alert System: Real-time monitoring of oracle data flow and price updates to ensure data accuracy and timeliness. Provide an alert mechanism to promptly notify protocol operators when anomalies or potential risks are detected.
Simulation and testing environment: Provide a simulation environment to test the performance and stability of the oracle under different market conditions. Help protocol developers optimize the use strategy of the oracle and reduce operational risks.
Reporting and Metrics: Provide detailed reporting and risk metrics to help protocols better understand the health and risk profile of their oracles.
Other recent large-scale financing projects worth noting include: Sling Money, a stablecoin payment application, which received a $15 million investment led by Union Square Ventures; Parfin, a crypto infrastructure company, which received a $10 million investment led by ParaFi Capital; and Sahara AI, a blockchain platform, which received a $43 million investment led by Binance Labs and others.
