Renegade
Renegade is a chain-based dark pool DEX that provides users with complete trade privacy, preventing third-party tracking and copying of large entity trading strategies.
On February 20th, the startup Renegade, which uses ZK dark pool technology to establish a new type of decentralized exchange, completed a $3.4 million seed round of financing, led by Dragonfly Capital and former AngelList CEO Naval Ravikant, with participation from Balaji Srinivasan and Lily Liu, Tarun Chitra from Robot Ventures, Marc Bhargava from Tagomi, and Lev Livnev from Symbolic Capital Blockingrtners.
Related reading: Renegade: A New Type of Decentralized Dark Pool Based on MPC and ZKP
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Synthetix
Synthetix is a decentralized liquidity supply protocol that issues synthetic assets staked by pledgers through the SNX token.
Funding amount: $41.3 million
Related reading: Synthetix V3 In-Depth: Protocol-Level Restructuring, the Cornerstone of DeFi Liquidity
Hourglass
Hourglass aims to provide additional rewards for users willing to lock assets in smart contracts for a certain period of time. It released the first ever time-bound token (TBT) market, allowing users to gain liquidity for locked assets by selling the right to that time period.
On May 17th, time-bound token infrastructure company Hourglass announced the completion of a $4.2 million seed round of financing, led by Electric Capital, with participation from Coinbase Ventures, Circle Ventures, Tribe Capital, and Hack VC.
Related reading: Time is Money: How Hourglass Tokenizes “Opportunity Cost”
Rocket Pool
Rocket Pool is the first truly decentralized Ethereum staking pool (TVL: $1.8 billion).
Earlier this year, the project completed a funding round with participation from Coinbase. The amount and details of the round of financing have not been disclosed.
Related reading: Why Rocket Pool is Crucial to the Ethereum Ecosystem
NFEX: Raised $3 million in funding with ABCDE Capital as the lead investor, and participation from Amber Group and Firestone Ventures among others.
Tribe3: Raised $2.1 million in funding with participation from SBlockingrtan Capital, Newman Capital, Infinity Ventures Crypto, Modular Capital, Cogitent Ventures, Blockbuilders, Founderheads, Lapin Digital, and Blockhype.
Related reading: Top 5 investment projects of Binance Labs in 2023
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