Polychain Capital

Warlock Labs specializes in creating an omni-chain liquidation engine aimed at enhancing the safety and profitability of decentralized protocols. By recapturing maximal extractable value, the company's technology systematically dis-intermediates value generated during liquidation processes. This approach not only improves efficiency for miners but also fosters user retention and engagement within various protocols. Warlock Labs is focused on advancing the decentralized finance landscape through innovative solutions that bolster both safety and profitability.

Fluent Labs is a blockchain development company. It aims to simplify blockchain development and enhance compatibility across different virtual machines.

Ethena provides derivative infrastructure in order to transform Ethereum into the first crypto-native yield bearing stablecoin.

Superform is a non-custodial yield marketplace. The protocol enables access to Erc-4626 vaults using any Evmchain.

Talus Network is a pioneering blockchain-based platform that seeks to democratize artificial intelligence. It develops a decentralized system that merges blockchain technology with autonomous AI agents, fostering consumer-friendly on-chain AI applications, notably smart agents. These agents seamlessly integrate into everyday on-chain content, empowering developers to create more secure, transparent, and efficient decentralized, autonomous systems.

Brevis is an efficient, verifiable off-chain computation engine that brings limitless computation capacity to existing smart contract blockchains.

Yala is a technology company that develops infrastructure to connect Bitcoin liquidity with a meta-yield stablecoin, enabling users to securely and transparently earn yield on their Bitcoin holdings within a DeFi ecosystem. Its modular, on-chain, and permissionless infrastructure aims to be capital-efficient, fostering a thriving and interconnected DeFi ecosystem on Bitcoin.

Bitlayer is a technology company focused on enhancing Bitcoin's scalability while maintaining its security. It operates the first second-layer network built on BitVM, aiming to serve as Bitcoin's computing layer. The platform offers ultra-scalability and equivalent security to Bitcoin's main chain (L1), enabling users to innovate for faster, safer transactions with increased flexibility.

APRO Oracle specializes in providing comprehensive data support for the Bitcoin ecosystem. It is renowned for being the most widely integrated oracle within this environment. The company's core service involves accurately calculating prices by aggregating data from leading institutional-grade suppliers and exchanges, utilizing the Time-Weighted Average Price (TVWAP) method. APRO Oracle ensures data security through a decentralized network of submitter nodes and partnerships with top-tier security audit firms, allowing clients to verify multiple data points off-chain, minimizing on-chain transactions, and reducing gas costs.

Solayer Labs operates a re-staking network that builds upon the Solana blockchain, extending its capabilities to secure additional systems and enable horizontal scaling. By leveraging the economic security of SOL tokens and sharing Solana's validator network, Solayer allows application developers to achieve a higher degree of consensus and customize block space, enhancing the efficiency and versatility of decentralized cloud infrastructure.

Movement Labs is a modular framework platform that builds and deploys move-based blockchains and applications in distributed settings. Its platform offers a composable and horizontally scalable network that provides unparalleled smart contract security and asset portability to help users solve the cold start problem with unprecedented interoperability.

Berachain is a blockchain development company focused on creating an Ethereum-compatible platform designed for financial applications. Its innovative technology allows for the use of staked assets within decentralized finance (DeFi) protocols, enhancing on-chain liquidity and capital efficiency. The company employs a proof of liquidity consensus mechanism to ensure sybil resistance, which fosters alignment of network incentives between validators and various projects within its ecosystem. By leveraging staked assets like staked ether, Berachain enables these locked assets to support the network's security while simultaneously facilitating their use in DeFi applications. This approach aims to provide clients with robust blockchain services that promote quality and efficiency in financial transactions.

DappOS is an innovative company focused on enhancing the usability and accessibility of decentralized applications (dApps) within the blockchain ecosystem. By developing a unified operating protocol, DappOS creates a user-friendly layer that simplifies interactions between users and various blockchain infrastructures, including public blockchains and cross-chain bridges. This approach allows for intuitive user interfaces and streamlined experiences, making dApps as easy to use as mobile applications. DappOS aims to lower the technical barriers associated with blockchain technology, facilitating greater mass adoption of decentralized applications and contributing to a more interconnected and user-centric blockchain environment.

Clique is a technology company focused on bridging the gap between web-two user behaviors and web-three applications through its innovative identity wallet and creator economy platform. The wallet is designed to enhance privacy and security by incorporating features such as privacy-preserving oracles, zero-knowledge proofs, and decentralized identity. This allows creators, sports figures, and brands to effectively manage their interactions with superfans, incentivize engagement, and explore shared ownership opportunities. Additionally, Clique operates a Compute Coordination Network that organizes diverse compute resources, enabling applications to access and utilize these resources dynamically. This network supports various functionalities, including verifiable computations, data integration from the internet, and specialized hardware for privacy and secure computation. By facilitating seamless access to compute resources and data, Clique empowers users to tailor their experiences based on trust, privacy, performance, and cost preferences.

Eclipse is building Ethereum's first Solana Virtual Machine Layer 2. While other L2 networks on Ethereum focus on providing Ethereum Virtual Machine (EVM) compatibility, Eclipse leans into performance improvements developed by the Solana Layer 1 and adds additional verification features to deploy the blockchain as a rollup. The Eclipse team includes veterans from dYdX, Uniswap, Citadel, and Airbnb. Eclipse Labs is backed by top investors including Polychain, Placeholder, and DBA.

Talus Network is a pioneering blockchain-based platform that seeks to democratize artificial intelligence. It develops a decentralized system that merges blockchain technology with autonomous AI agents, fostering consumer-friendly on-chain AI applications, notably smart agents. These agents seamlessly integrate into everyday on-chain content, empowering developers to create more secure, transparent, and efficient decentralized, autonomous systems.

A ZK-rollup L2 with universal connectivity to L1s, enabling cross-chain liquidity of native assets. Powered by Starkware zero-knowledge technology and Eigenlayer's restake finality. In it's core, MEV minimization and gas-free swaps are out of the box.

Superform is a non-custodial yield marketplace. The protocol enables access to Erc-4626 vaults using any Evmchain.

Particle is a permissionless decentralized leverage trading technology that may be used with any digital asset, including tokens and NFTs. The Particle protocol allows traders to borrow directly from liquidity pools at automated market makers (AMMs) with concentrated liquidity

Bitfinity Network is a creator of a blockchain platform that allows users to generate, stake, and swap tokens on their internet-connected computers. The company focuses on developing new decentralized finance (DeFi) cross-chain primitives. Its main services include research and development into cross-chain wallets that support Bitcoin and Ethereum Virtual Machine (EVM)-based chains and exchanges and automated market-making activities.

Sona is a new web3 streaming protocol that employs DeFi primitives (decentralized finance fundamental building blocks) to give artists more financial power through a rewards scheme, auctions, and ad-free streaming. Sona came out of the woodwork today, announcing the open beta launch of its first product, Sona Stream, a free music streaming service with no subscriptions or ads combined with a marketplace where artists share music and auction off SONAs, or "digital twins" or digital assets of songs that can only be owned by one person at a time.

Drift Protocol is a developer of a decentralized derivatives exchange that focuses on providing on-chain, cross-margined perpetual futures trading on the Solana blockchain. The platform aims to enhance the efficiency of trading futures through an upgraded decentralized system that features a new pegging mechanism. This innovation allows users to adjust liquidity based on market demand and open interest, thereby improving the overall trading experience. Drift Protocol's approach positions its exchange as a competitive option for margin trading within the decentralized finance space.

Manta Network is focused on creating a secure and interoperable digital ecosystem through the use of Zero-Knowledge technology. The company operates a decentralized exchange platform designed to protect user privacy and prevent tracking of activities. By utilizing a protocol based on substrate frameworks, Manta Network offers end-to-end anonymity, high throughput, and robust cross-chain interoperability. This enables users to exchange data in a secure environment, prioritizing privacy and security in their transactions.

Connext, Inc. is a software development company based in San Francisco, California, founded in 2017 by Arjun Bhuptani, Layne Haber, and Rahul Sethuram. The company specializes in creating an interoperability protocol that facilitates fast and fully-trustless communication between different blockchains. Its innovative technology aims to foster the formation of an interconnected network of blockchains, commonly referred to as the internet of blockchains. Additionally, Connext provides users with tools to purchase and manage blockchain applications, offering features such as direct card purchases for token acquisition, access to current vaults, decentralized compliance, and walletless signature capabilities.

Berachain is a blockchain development company focused on creating an Ethereum-compatible platform designed for financial applications. Its innovative technology allows for the use of staked assets within decentralized finance (DeFi) protocols, enhancing on-chain liquidity and capital efficiency. The company employs a proof of liquidity consensus mechanism to ensure sybil resistance, which fosters alignment of network incentives between validators and various projects within its ecosystem. By leveraging staked assets like staked ether, Berachain enables these locked assets to support the network's security while simultaneously facilitating their use in DeFi applications. This approach aims to provide clients with robust blockchain services that promote quality and efficiency in financial transactions.

Cubist is a company focused on enhancing the development of decentralized applications (dapps) within the web3 ecosystem. It offers a comprehensive key management platform that streamlines the creation, testing, and deployment of multi-chain and cross-chain dapps. Utilizing modern software engineering practices and robust security measures, Cubist provides a modular toolkit that simplifies the development process, allowing users to manage keys and sequencing efficiently. By automating pipelines, Cubist enables developers to build and deploy secure applications rapidly and effectively from a unified interface, promoting safer and faster innovation in the decentralized technology landscape.

Scroll, founded in 2021 and based in Victoria, Seychelles, is focused on developing an EVM-equivalent zk-rollup, which utilizes a robust proving network. The company operates within the technology sector, with an emphasis on enhancing blockchain scalability and efficiency. By leveraging zero-knowledge proof technology, Scroll aims to facilitate faster and more secure transactions on decentralized applications. The firm's innovative approach positions it as a key player in the evolving landscape of blockchain infrastructure.

Space ID is focused on creating a universal name service network that facilitates the connection of individuals, data, and assets across various blockchains and applications. The company is developing a decentralized identity protocol that allows for the representation of all identities and multi-chain addresses. This includes features such as composable naming layouts, connected identifiers, and customized top-level domains that provide a human-readable identity. Additionally, Space ID integrates with NFT projects, enabling communities to enhance user engagement and growth through the use of personalized domain names.

Quasar Labs operates a digital asset management platform that simplifies investing within the multi-chain universe. The platform allows users to create and join independent asset containers, known as Vaults, which utilize inter-blockchain communication (IBC) technology to facilitate value capture across different blockchains, particularly in the Cosmos ecosystem. This innovative approach addresses the fragmentation within decentralized finance (DeFi) by providing a streamlined and secure method for investors to manage their digital assets. Quasar Labs empowers investors to efficiently design Vaults and aggregate liquidity, making it easier for them to put their digital assets to work with minimal effort.

Finterest is a financial platform that operates within the web3 and decentralized finance ecosystem. It specializes in facilitating the lending and borrowing of cryptocurrencies, including Bitcoin, ICP, and stablecoins. The platform allows users to engage in cryptocurrency trading while also enabling token holders to participate in governance decisions, such as voting on future tokens to be integrated into the protocol. Finterest aims to enhance user engagement by incentivizing the utilization of its services, and it plans to incorporate Ethereum into its offerings, broadening its appeal within the digital asset market.

Fleek is an open web platform that installs anything on a computer or deals with the command line. The platform is helping to build the tools necessary to make the Open Web available to anyone, and easy to build on. It makes it easy to build websites and apps on the new open web: permissionless, trustless, censorship-resistant, and free of centralized gatekeepers. Using Open Web protocols that make a decentralized, trustless, and permissionless infrastructure native to the web. This stack is ever-shifting and open-source.

t3rn is a blockchain-based hosting platform founded in 2020 and based in Lisbon, Portugal. It specializes in facilitating interoperable execution and composable collaboration through its innovative technology stack. The platform enables fast, secure, and cost-efficient bridging of cross-chain executions by utilizing modular layers for storage, validation, settlement, and consensus. Smart contracts are stored in a registry accessible to all users, allowing developers who contribute to the open-source repository to earn remuneration each time their code is executed. This model not only enhances the efficiency of blockchain interactions but also incentivizes developers, fostering a collaborative ecosystem within the blockchain community.

Evmos is a blockchain interoperability platform designed to connect Ethereum-based applications and assets with the Cosmos ecosystem. The company aims to enhance the functionality of Ethereum Virtual Machine (EVM) by facilitating cross-chain applications that leverage the liquidity and user bases of various blockchain networks. By promoting interoperability, Evmos enables developers to create applications that operate across both EVM and Cosmos-based blockchains, thereby providing a more cohesive user experience. The platform incorporates innovative token economics and in-protocol incentives to support the development of these interoperable contracts, ultimately expanding the capabilities of blockchain technology.

Light Protocol is a company that specializes in enhancing the privacy of cryptocurrency transactions. It offers a platform designed for developers to integrate private transaction capabilities into decentralized applications (dApps) built on the Solana blockchain. By enabling users to deposit cryptocurrencies into Light Cash pools and withdraw funds using a new address, Light Protocol facilitates secure and anonymous transactions. The company's technology aims to protect sensitive user data, making it easier for cryptocurrencies to gain mainstream acceptance.

Tapio Protocol is a synthetic asset protocol that unifies different formats of staking and crowdloan derivatives into an efficient standard. Tapio is powered by the Stable Asset system, which enables efficient trading while minimizing risk by utilizing uniform, closely pegged assets with stable swaps and stable asset capabilities.

Pine Street Labs develops enterprise wallet software aimed at expanding and democratizing the use of public blockchains. The company's platform simplifies the complexities of supporting various blockchain networks, allowing enterprises to concentrate on their core business operations. Pine Street Labs offers walletOS, which enhances custody infrastructure and facilitates the management of custody operations in-house. The software is designed to accommodate new blockchain initiatives while providing functionalities such as sending, receiving, staking, and executing smart contract calls. By creating a composable developer experience with modular integrations and a well-defined API, Pine Street Labs enables businesses to execute transactions seamlessly and efficiently in mission-critical environments.

Uniswap Labs is a software company founded in 2018 by Hayden Adams, who created the Uniswap Protocol, a decentralized platform for swapping digital assets. The protocol has facilitated $2.75 trillion in transaction volume since its inception. Uniswap Labs focuses on developing widely used decentralized finance (DeFi) products, including a user-friendly web interface, a self-custody mobile wallet, and an API tailored for professional market participants. The platform empowers liquidity providers and traders by offering a financial marketplace that is open and accessible to all. Utilizing smart contracts, it enables secure and decentralized on-chain conversions of assets, allowing users to trade tokens directly without intermediaries while defining asset prices based on the liquidity staked in the system.

Eclipse is building Ethereum's first Solana Virtual Machine Layer 2. While other L2 networks on Ethereum focus on providing Ethereum Virtual Machine (EVM) compatibility, Eclipse leans into performance improvements developed by the Solana Layer 1 and adds additional verification features to deploy the blockchain as a rollup. The Eclipse team includes veterans from dYdX, Uniswap, Citadel, and Airbnb. Eclipse Labs is backed by top investors including Polychain, Placeholder, and DBA.

Aurigami is a decentralized, non-custodial liquidity protocol that facilitates lending, borrowing, and earning interest on digital assets. The platform is designed to minimize smart contract and liquidation risks, allowing users to engage in financial transactions with confidence. Depositors can provide liquidity to the protocol in exchange for passive income, while borrowers can access funds through an over-collateralized model. Aurigami differentiates itself from other similar platforms by incorporating elements of gamification, enhancing user engagement and experience. Overall, Aurigami aims to simplify the decentralized finance landscape by offering a secure and efficient money market solution.

Nomad is a novel approach to blockchain interoperability that leverages an optimistic mechanism to increase the security of cross-chain communication.

Quasar Labs operates a digital asset management platform that simplifies investing within the multi-chain universe. The platform allows users to create and join independent asset containers, known as Vaults, which utilize inter-blockchain communication (IBC) technology to facilitate value capture across different blockchains, particularly in the Cosmos ecosystem. This innovative approach addresses the fragmentation within decentralized finance (DeFi) by providing a streamlined and secure method for investors to manage their digital assets. Quasar Labs empowers investors to efficiently design Vaults and aggregate liquidity, making it easier for them to put their digital assets to work with minimal effort.

DSCVR is an innovative Web3 social network designed to reward users for their content contributions while seamlessly integrating cryptocurrency features. The platform addresses usability challenges associated with crypto products, aiming to facilitate broader adoption of Web3 technologies. It has garnered significant traction among crypto and NFT communities, positioning itself as a launchpad for tokenized communities. Users can establish governance rules, define roles, and distribute rewards through airdrops, all within the social network. Additionally, DSCVR enables peer-to-peer transactions of NFTs and airdrops directly to user accounts, eliminating the need for external wallets and addresses. Built entirely on the Internet Computer, DSCVR serves as a decentralized protocol that enhances user engagement and monetization opportunities through its open application programming interface.

Veridise is a comprehensive blockchain security company founded by a team of renowned researchers. Specializing in auditing Zero-Knowledge Circuits and MetaMask Snaps, the firm possesses extensive expertise in smart contracts, blockchains, Layer 2 solutions, DeFi protocols, cryptocurrency wallets, tokens, and NFTs. Veridise has established a reputation for uncovering critical vulnerabilities that other auditing firms often overlook, identifying over 100 high-severity bugs in the first half of 2023 alone. The company's approach combines traditional auditing methods with advanced automated Web3 security tools, allowing them to tackle complex blockchain security challenges effectively. Through this innovative hybrid methodology, Veridise provides clients with detailed and actionable audit reports, enhancing the overall security of blockchain applications.

EigenLabs is a blockchain infrastructure startup that enables the restaking of ETH across various decentralized applications. They also provide developers with access to the Ethereum staked capital base and decentralized validator set. Traditionally, staking requires validators to lock up ETH as a security deposit to engage in the network's consensus mechanism, earning rewards for contributing to network security and validating transactions. However, once ETH is staked, it is generally immobilized until withdrawn, restricting validators from utilizing these assets elsewhere. EigenLayer aims to tackle this challenge by allowing staked ETH to be restaked across diverse decentralized applications and services without removing it from the original consensus mechanism.

A ZK-rollup L2 with universal connectivity to L1s, enabling cross-chain liquidity of native assets. Powered by Starkware zero-knowledge technology and Eigenlayer's restake finality. In it's core, MEV minimization and gas-free swaps are out of the box.

Scroll, founded in 2021 and based in Victoria, Seychelles, is focused on developing an EVM-equivalent zk-rollup, which utilizes a robust proving network. The company operates within the technology sector, with an emphasis on enhancing blockchain scalability and efficiency. By leveraging zero-knowledge proof technology, Scroll aims to facilitate faster and more secure transactions on decentralized applications. The firm's innovative approach positions it as a key player in the evolving landscape of blockchain infrastructure.

Nomad is a novel approach to blockchain interoperability that leverages an optimistic mechanism to increase the security of cross-chain communication.

Quai Network develops merge-mined blockchains with the goal of creating efficient blockchains.

Gauntlet is a financial modeling and simulation company focused on enhancing the safety and efficiency of blockchain protocols and smart contracts. Through its advanced platform, Gauntlet employs agent-based simulation techniques to analyze and optimize key parameters of various protocols. This approach allows the company to model market risks and economic incentives effectively, helping clients improve their capital efficiency and maximize returns for stakeholders while minimizing associated risks. By driving sustainable growth for leading crypto protocols, chains, and on-chain treasuries, Gauntlet plays a crucial role in enhancing the financial performance of businesses in the blockchain space.

KurateDAO provides an infrastructure for content curation, with the process being divided up into three roles: curators, scouts and viewers.

Axelar is a company focused on developing interoperability software that facilitates communication between various blockchain ecosystems and applications. Founded in 2020 by Sergey Gorbunov and Georgios Vlachos, Axelar Network offers a suite of protocols, tools, and APIs aimed at overcoming the challenges of cross-chain interactions. The company's solutions leverage Byzantine consensus, cryptography, and mechanism design to enable decentralized applications to operate across different blockchains seamlessly. By providing developers with the necessary resources, Axelar empowers them to select the most suitable platforms while enhancing cross-chain composability and liquidity.

Astar Network is a multi-virtual machine scalable smart contract platform on Polkadot supporting cutting-edge layer 2 like Rollups.

Anoma is a blockchain protocol company founded in 2021 and based in Zug, Switzerland. It focuses on creating an intent-centric, privacy-preserving system for decentralized counterparty discovery, multi-chain atomic settlement, and secure asset exchange. The protocol facilitates private and asset-agnostic transactions, allowing users to engage in cryptocurrency trading and bartering without compromising their privacy. Anoma employs advanced cryptography and zero-knowledge proof technologies to empower users in a decentralized financial landscape, ensuring that transactions are conducted securely and at market rates.

Spectral, established in 2020 and headquartered in New Rochelle, New York, specializes in developing an AI-driven platform for creating and deploying sophisticated smart contracts. This platform facilitates the generation of complex smart contracts using natural language, expediting development time and minimizing errors.

Orca is a decentralized cryptocurrency exchange built on the Solana blockchain, facilitating instant token swaps with minimal transaction fees. The platform is designed to handle thousands of transactions per second, ensuring low latency and capital-efficient trading. Users can exchange tokens while receiving fair pricing and have the option to provide liquidity to trading pools, allowing them to earn a share of the trading fees generated on the platform.

Ava Labs is focused on simplifying the launch of financial applications through blockchain technology. The company offers a smart contracts platform that allows users to create customizable public and private blockchains, facilitating the development of various digital assets. Its innovative probabilistic consensus protocol enhances transaction speed while minimizing costs associated with capital deployment. This approach aims to redefine value creation within the Web3 ecosystem, promoting a more accessible and democratic internet of finance. By providing tools that streamline the creation, trading, and discovery of diverse asset types, Ava Labs empowers individuals and organizations to leverage blockchain for their financial needs.

Offchain Labs, Inc. is a technology company based in Princeton, New Jersey, founded in 2018. It focuses on developing a decentralized platform that enhances the scalability and privacy of Ethereum smart contracts. The company's solutions cater to various sectors, including gaming, financial applications, and consortium blockchains, specifically utilizing its initial product, Arbitrum. Offchain Labs aims to provide developers and users with the benefits of off-chain transaction efficiency while maintaining the simplicity and security associated with on-chain methodologies.

Kresko is a company dedicated to making wealth accessible through an innovative online capital platform focused on synthetic stocks, commodities, and cryptocurrencies. The platform offers a unified application for managing various financial assets, including minting, swapping, pooling, and farming. Kresko's technology emphasizes risk management by providing clear insights into portfolio health and risk levels. Built on a protocol that enhances capital efficiency and user experience, the platform facilitates seamless asset listing and integration, making it easier for developers to incorporate crypto assets into their applications and wallets.

Axelar is a company focused on developing interoperability software that facilitates communication between various blockchain ecosystems and applications. Founded in 2020 by Sergey Gorbunov and Georgios Vlachos, Axelar Network offers a suite of protocols, tools, and APIs aimed at overcoming the challenges of cross-chain interactions. The company's solutions leverage Byzantine consensus, cryptography, and mechanism design to enable decentralized applications to operate across different blockchains seamlessly. By providing developers with the necessary resources, Axelar empowers them to select the most suitable platforms while enhancing cross-chain composability and liquidity.

t3rn is a blockchain-based hosting platform founded in 2020 and based in Lisbon, Portugal. It specializes in facilitating interoperable execution and composable collaboration through its innovative technology stack. The platform enables fast, secure, and cost-efficient bridging of cross-chain executions by utilizing modular layers for storage, validation, settlement, and consensus. Smart contracts are stored in a registry accessible to all users, allowing developers who contribute to the open-source repository to earn remuneration each time their code is executed. This model not only enhances the efficiency of blockchain interactions but also incentivizes developers, fostering a collaborative ecosystem within the blockchain community.

Umee is the most programmable, safety-first lending algorithm built as a blockchain that enables seamless borrowing and lending of digital assets between distinct blockchain ecosystems. Umee is reshaping the global debt markets in Web3.

dYdX is a prominent decentralized exchange that aims to empower traders by providing a secure and efficient trading platform. Founded in 2017 by Antonio Juliano, a former engineer at Coinbase and Uber, dYdX operates on Ethereum using audited smart contracts, which eliminates the need for trust in a central authority during trading. The platform offers a variety of financial products, including perpetual, margin, and spot trading, as well as borrow and lend pools. Users can earn interest on their deposits and engage in margin trading with customizable leverage options. By combining the security and transparency associated with decentralized exchanges with the speed and usability typically found in centralized platforms, dYdX strives to create an open financial system that grants universal access to advanced trading tools.

Gauntlet is a financial modeling and simulation company focused on enhancing the safety and efficiency of blockchain protocols and smart contracts. Through its advanced platform, Gauntlet employs agent-based simulation techniques to analyze and optimize key parameters of various protocols. This approach allows the company to model market risks and economic incentives effectively, helping clients improve their capital efficiency and maximize returns for stakeholders while minimizing associated risks. By driving sustainable growth for leading crypto protocols, chains, and on-chain treasuries, Gauntlet plays a crucial role in enhancing the financial performance of businesses in the blockchain space.

Cozy Finance, Inc. is a Seattle-based company that specializes in developing risk management software tailored for the decentralized finance (DeFi) sector. Founded in 2020, the company offers a permissionless, peer-to-peer protection solution that enables users to invest in DeFi while safeguarding their assets against potential hacks and exploits. Additionally, Cozy Finance allows users to deposit funds, which can then be utilized by others for protected investing. By providing innovative tools and solutions, Cozy Finance aims to enhance the security and value management of cryptocurrency investments for developers and investors alike.

The world's first intent engine powering the intent-centric future. A layer-1 tendermint-based blockchain, storing state from EVM, SVM, and MVM chains to enable execution on all blockchain frameworks.

Connext, Inc. is a software development company based in San Francisco, California, founded in 2017 by Arjun Bhuptani, Layne Haber, and Rahul Sethuram. The company specializes in creating an interoperability protocol that facilitates fast and fully-trustless communication between different blockchains. Its innovative technology aims to foster the formation of an interconnected network of blockchains, commonly referred to as the internet of blockchains. Additionally, Connext provides users with tools to purchase and manage blockchain applications, offering features such as direct card purchases for token acquisition, access to current vaults, decentralized compliance, and walletless signature capabilities.

A ZK-rollup L2 with universal connectivity to L1s, enabling cross-chain liquidity of native assets. Powered by Starkware zero-knowledge technology and Eigenlayer's restake finality. In it's core, MEV minimization and gas-free swaps are out of the box.

DFX Finance is a decentralized finance exchange protocol focused on facilitating the trading of non-U.S. dollar stablecoins. The company has developed a fintech platform that allows for structured trading, utilizing an Ethereum-based decentralized exchange protocol. This platform features a finely tuned bonding curve optimized for fiat-backed stablecoins such as USDC, CADC, EURS, and XSGD. By incorporating real-world foreign exchange price feeds, DFX Finance enables users to engage with decentralized finance applications in a blockchain-powered market, enhancing the accessibility and efficiency of stablecoin transactions.

P0x labs is the team behind Manta Network is a privacy-preserving technology operating on the Polkadot blockchain.

Manta Network is focused on creating a secure and interoperable digital ecosystem through the use of Zero-Knowledge technology. The company operates a decentralized exchange platform designed to protect user privacy and prevent tracking of activities. By utilizing a protocol based on substrate frameworks, Manta Network offers end-to-end anonymity, high throughput, and robust cross-chain interoperability. This enables users to exchange data in a secure environment, prioritizing privacy and security in their transactions.

Anoma is a blockchain protocol company founded in 2021 and based in Zug, Switzerland. It focuses on creating an intent-centric, privacy-preserving system for decentralized counterparty discovery, multi-chain atomic settlement, and secure asset exchange. The protocol facilitates private and asset-agnostic transactions, allowing users to engage in cryptocurrency trading and bartering without compromising their privacy. Anoma employs advanced cryptography and zero-knowledge proof technologies to empower users in a decentralized financial landscape, ensuring that transactions are conducted securely and at market rates.

dYdX is a prominent decentralized exchange that aims to empower traders by providing a secure and efficient trading platform. Founded in 2017 by Antonio Juliano, a former engineer at Coinbase and Uber, dYdX operates on Ethereum using audited smart contracts, which eliminates the need for trust in a central authority during trading. The platform offers a variety of financial products, including perpetual, margin, and spot trading, as well as borrow and lend pools. Users can earn interest on their deposits and engage in margin trading with customizable leverage options. By combining the security and transparency associated with decentralized exchanges with the speed and usability typically found in centralized platforms, dYdX strives to create an open financial system that grants universal access to advanced trading tools.

Espresso Systems specializes in providing scaling and privacy solutions for Web 3 applications, focusing on the innovative area of shared sequencing within blockchain technology. This involves the use of sequencers that verify and batch transactions on layer-2 blockchains before sending them to a layer-1 chain, such as Ethereum, for settlement. Additionally, Espresso Systems develops online transaction technology aimed at enhancing the online payment industry, offering infrastructure that facilitates secure and efficient online interactions. Their solutions cater to the needs of clients in the online transaction sector, contributing to the advancement of the third generation of the World Wide Web.

Notional is a decentralized protocol for fixed rate, fixed term lending and borrowing of crypto assets on Ethereum. Users can lend or borrow stablecoins at fixed rates of interest for terms of up to six months using a variety of assets as collateral. Notional achieves fixed rate lending via a primitive called fCash, which is redeemable for an underlying currency like DAI upon the fCash token’s maturity date. Notional operates specialized liquidity pools that allow users to efficiently trade cash for fCash and vice versa. The exchange rate that a user receives on their trade implies a fixed rate of interest from the time of trade until the fCash token’s maturity. Notional is flexible and configurable. The protocol can add additional assets for lending and borrowing, additional collateral types, and additional maturities beyond six months. The community intends to broaden Notional’s scope over time to include a wider array of supported assets and extended available maturities. Notional prioritizes security. The protocol team works with industry leaders to ensure that the smart contracts are technically secure and that the economic assumptions applied in the protocol’s design are sound.

Liquity is a decentralized borrowing protocol built on the Ethereum blockchain that provides interest-free loans to users. By allowing borrowers to use Ethereum as collateral, Liquity issues loans in the form of its USD-pegged stable coin. The protocol operates with a minimum collateralization ratio, ensuring that loans are secured while enabling users to access liquidity without incurring interest charges. This innovative approach facilitates borrowing in a decentralized manner, aligning with the principles of blockchain technology.

KeeperDAO is a decentralized finance protocol that facilitates large-scale arbitrage and liquidation trades across various DeFi platforms on the Ethereum blockchain. The company develops an on-chain liquidity underwriter engine that enables participants to engage in communal liquidity pools, allowing them to collaborate on margin trading and lending strategies. By pooling capital into Ethereum smart contracts, users can collectively seize on-chain opportunities, such as liquidating positions or taking advantage of price discrepancies between different platforms. KeeperDAO promotes a collaborative environment where both Keepers and liquidity providers benefit from economies of scale, sharing profits and reducing competition through incentivized participation.

DerivaDEX is a community-governed derivatives exchange designed to combine performance and autonomy with the security of a decentralized platform. It operates on the Ethereum blockchain, utilizing an innovative liquidity-mining token model that empowers users to engage in the exchange's governance and operations. By incorporating an open order book and on-chain settlements, DerivaDEX facilitates efficient trading while ensuring transparency and security. The exchange aims to establish itself as a next-generation trading platform by leveraging trusted hardware and enhancing decentralization at its foundational level.

Nuo is a cryptocurrency platform founded in 2018 and based in Mumbai, India, designed to cater to the needs of users in emerging markets. It serves as a decentralized financial control center for digital assets, enabling users to store, spend, and grow various cryptocurrencies. The platform facilitates peer-to-peer lending and borrowing through a decentralized debt marketplace, allowing users to supply capital to a reserve pool and earn interest daily without requiring the platform to take custody of their tokens. Additionally, the Nuo app provides features such as instant peer-to-peer transfers and the ability to make purchases with a Nuo Card. By offering access to global financial products and services, Nuo aims to empower users to manage their investments in the evolving cryptocurrency landscape.

Compound is an open-source interest rate protocol based in San Francisco, California, that facilitates the development of new financial applications for developers. Founded in 2017, it operates a decentralized finance lending platform designed to create efficient money markets through real-time asset management. The protocol, built on the Ethereum blockchain, employs a series of open-source smart contracts that algorithmically adjust interest rates based on the specific supply and demand of each asset. This enables users to access liquid, transparent, and predictable interest rates, making it a widely adopted system with thousands of users and numerous applications integrating its functionalities.

Nervos Network is a blockchain technology company established in 2018 and headquartered in Hangzhou, China. It offers a hybrid solution that integrates a public blockchain with an application chain, enabling enterprises to build and deploy decentralized applications without needing to fully commit their technology stack to the blockchain. The Nervos CKB (Common Knowledge Base) serves as its layer 1, proof-of-work public blockchain protocol, which allows for the secure storage of various crypto-assets while supporting smart contracts and layer 2 scaling solutions. The platform's unique design emphasizes security, immutability, and decentralization, positioning itself as a sustainable multi-asset store of value. It also facilitates the capture of total network value through its native token, CKByte, and a network of interoperable protocols, promoting a robust open ecosystem for developers and enterprises alike.

CoinFLEX is a cryptocurrency derivatives exchange and yield platform that specializes in trading crypto assets, including Bitcoin. The company offers a physically delivered crypto futures exchange designed to address shortcomings in cash-settled contracts, allowing for high leverage trading that minimizes risks associated with index or settlement manipulation. CoinFLEX provides innovative yield products, notably flexUSD, the first interest-earning stablecoin, and AMM+, an automated market maker that emphasizes capital efficiency. The platform aims to streamline and secure the trading and management processes for professional proprietary trading firms, hedge funds, and institutions operating in the cryptocurrency sector. Backed by notable figures and institutions in the crypto industry, CoinFLEX is committed to enhancing the trading experience in global cryptocurrency markets.

O1Labs, established in 2017, is a blockchain technology company that specializes in zero knowledge cryptography and innovative cryptographic solutions. The company's significant contributions include the development of the Mina Protocol, recognized as the world's first lightweight, scalable, and decentralized zk blockchain. Additionally, O1Labs has created o1js, an intuitive framework designed to assist developers in building zk applications. By leveraging zero-knowledge proofs, O1Labs seeks to enhance blockchain accessibility and facilitate the creation of user-friendly cryptocurrency applications that operate natively in web browsers. The company's vision is to drive the next generation of applications powered by zero knowledge cryptography.

CoinFLEX is a cryptocurrency derivatives exchange and yield platform that specializes in trading crypto assets, including Bitcoin. The company offers a physically delivered crypto futures exchange designed to address shortcomings in cash-settled contracts, allowing for high leverage trading that minimizes risks associated with index or settlement manipulation. CoinFLEX provides innovative yield products, notably flexUSD, the first interest-earning stablecoin, and AMM+, an automated market maker that emphasizes capital efficiency. The platform aims to streamline and secure the trading and management processes for professional proprietary trading firms, hedge funds, and institutions operating in the cryptocurrency sector. Backed by notable figures and institutions in the crypto industry, CoinFLEX is committed to enhancing the trading experience in global cryptocurrency markets.

Dharma Labs Inc. is a company based in San Francisco, California, that specializes in developing a suite of smart contracts and tools for the issuance and crowdfunding of debt on blockchain technology. Established in 2017, Dharma Labs provides a decentralized protocol that facilitates the origination, risk assessment, and underwriting of peer-to-peer loans, allowing for innovation in the lending industry. Its platform supports a variety of applications, enabling entrepreneurs to create lending companies that leverage blockchain capabilities for consumer lending, margin lending, and crowdfunding municipal bonds. By promoting open and permissionless development, Dharma Labs aims to transform traditional lending practices through its tokenized debt agreements.

Ava Labs is focused on simplifying the launch of financial applications through blockchain technology. The company offers a smart contracts platform that allows users to create customizable public and private blockchains, facilitating the development of various digital assets. Its innovative probabilistic consensus protocol enhances transaction speed while minimizing costs associated with capital deployment. This approach aims to redefine value creation within the Web3 ecosystem, promoting a more accessible and democratic internet of finance. By providing tools that streamline the creation, trading, and discovery of diverse asset types, Ava Labs empowers individuals and organizations to leverage blockchain for their financial needs.

Anchorage Digital is a regulated cryptocurrency platform that offers integrated financial services and infrastructure solutions tailored for institutions. Established in 2017 and headquartered in San Francisco, California, the company operates as the only federally chartered crypto bank in the United States, with an additional office in Singapore that maintains similar security and service standards. Anchorage Digital specializes in secure custody, regulatory compliance, and a variety of cryptocurrency-related services, including trading, staking, and governance. The platform emphasizes modern security engineering to ensure the safety of digital assets while facilitating streamlined participation in blockchain technology for businesses and institutions. With a valuation exceeding $3 billion, Anchorage Digital has attracted investments from prominent firms such as Andreessen Horowitz, Goldman Sachs, and Visa, among others. The company also supports a remote-friendly work environment, with additional offices located in New York, Porto, and Sioux Falls.

Gauntlet is a financial modeling and simulation company focused on enhancing the safety and efficiency of blockchain protocols and smart contracts. Through its advanced platform, Gauntlet employs agent-based simulation techniques to analyze and optimize key parameters of various protocols. This approach allows the company to model market risks and economic incentives effectively, helping clients improve their capital efficiency and maximize returns for stakeholders while minimizing associated risks. By driving sustainable growth for leading crypto protocols, chains, and on-chain treasuries, Gauntlet plays a crucial role in enhancing the financial performance of businesses in the blockchain space.

dYdX is a prominent decentralized exchange that aims to empower traders by providing a secure and efficient trading platform. Founded in 2017 by Antonio Juliano, a former engineer at Coinbase and Uber, dYdX operates on Ethereum using audited smart contracts, which eliminates the need for trust in a central authority during trading. The platform offers a variety of financial products, including perpetual, margin, and spot trading, as well as borrow and lend pools. Users can earn interest on their deposits and engage in margin trading with customizable leverage options. By combining the security and transparency associated with decentralized exchanges with the speed and usability typically found in centralized platforms, dYdX strives to create an open financial system that grants universal access to advanced trading tools.

Spacemesh is a company based in North Pole, Alaska, that develops a unique Layer 1 blockchain protocol designed to support a decentralized and secure cryptocurrency ecosystem. Its innovative blockmesh operating system utilizes a Proofs of Space-Time consensus protocol, which enables participants to contribute computing power through unused hard drive space without incurring significant resource costs. This approach distinguishes Spacemesh from traditional blockchain architectures by employing a Directed Acyclic Graph (DAG) structure rather than a linear chain, and it incorporates a leaderless voting mechanism to ensure fairness and decentralization. The platform is built to facilitate the deployment of general-purpose smart contracts at scale, promoting an environmentally sustainable and equitable cryptocurrency that is capable of self-healing and maintaining high security. Spacemesh aims to redefine permissionless decentralization and is set to launch its genesis block in December 2022.

MyCrypto, Inc. is a technology company based in Redondo Beach, California, founded in 2015. It develops an open-source, client-side platform that allows users to securely store, send, receive, and trade digital assets, including cryptocurrencies and ERC-20 tokens. The platform provides a desktop application that enables users to manage their crypto wallets without relying on online services, thereby enhancing security against phishing attacks and malicious extensions. By focusing on user privacy and control, MyCrypto aims to simplify the interaction with blockchain technology for traders and investors.

DFINITY is a foundation based in Zurich, Switzerland, focused on developing and providing innovative internet services and software solutions. It is primarily known for the Internet Computer, a secure and tamperproof open cloud platform that allows users to build and host new systems and services. The foundation also offers the DFINITY Canister software development kit, which facilitates the creation of software systems that operate on the Internet Computer. Additionally, DFINITY is instrumental in the development of the Internet Computer Protocol, enabling independent data centers to collaborate and provide serverless cloud functionality while ensuring network security. Its vision includes democratizing application development through AI-driven tools, promoting a decentralized internet where users can easily create and manage web applications without extensive technical skills. Established in 2016, DFINITY operates research centers in multiple locations, including Palo Alto and Shanghai, reflecting its commitment to advancing the next-generation blockchain network and ecosystem.

Nervos Network is a blockchain technology company established in 2018 and headquartered in Hangzhou, China. It offers a hybrid solution that integrates a public blockchain with an application chain, enabling enterprises to build and deploy decentralized applications without needing to fully commit their technology stack to the blockchain. The Nervos CKB (Common Knowledge Base) serves as its layer 1, proof-of-work public blockchain protocol, which allows for the secure storage of various crypto-assets while supporting smart contracts and layer 2 scaling solutions. The platform's unique design emphasizes security, immutability, and decentralization, positioning itself as a sustainable multi-asset store of value. It also facilitates the capture of total network value through its native token, CKByte, and a network of interoperable protocols, promoting a robust open ecosystem for developers and enterprises alike.

Oasis Labs, Inc. is a blockchain technology company founded in 2018 and headquartered in San Francisco, California. It operates a privacy-first cloud computing platform designed for scalable and privacy-preserving smart contracts. The platform enables the development of decentralized applications that prioritize privacy and performance, addressing challenges related to data security and scalability in real-world applications. Oasis Labs offers a suite of tools, including privacy tools, development SDKs, and dashboards, that facilitate the creation and management of smart contracts while ensuring secure data handling across businesses. The company's innovative approach aims to enhance blockchain adoption by overcoming traditional limitations associated with performance and privacy.

Origo Network is a developer of a decentralized platform focused on preserving data privacy for various applications. By utilizing zero-knowledge proofs, the platform ensures that transaction details and smart contract inputs and outputs remain confidential, addressing concerns about sensitive information in the blockchain space. This capability allows users to create and execute smart contracts without exposing private data to the public. Origo serves multiple sectors, including finance, insurance, supply chain, personal data management, and artificial intelligence, fostering broader adoption of blockchain technology among businesses and individuals wary of data security. The platform is designed to be accessible for developers, as it provides a compiler that generates cryptographic protocols without requiring specialized knowledge in cryptography. Based in the United States, Origo Network aims to establish a new standard for privacy, security, and fairness in decentralized applications.

Agoric is a developer of a framework designed to enhance the programming of smart contracts, aiming to support the entire blockchain ecosystem. The company focuses on enabling the creation and deployment of smart contracts using JavaScript, providing tools that are accessible and secure for millions of developers worldwide. Agoric emphasizes composability, which facilitates rapid development and offers a competitive advantage in the blockchain space. Its framework allows users to execute transactions securely, establish new markets, and develop innovative exchange patterns without relying on centralized control. The Agoric team comprises experienced technologists, economists, and business leaders who have collaborated on smart contracts technology for over three decades, with the shared goal of advancing smart contract capabilities and fostering global cooperation through digital assets.

Compound is an open-source interest rate protocol based in San Francisco, California, that facilitates the development of new financial applications for developers. Founded in 2017, it operates a decentralized finance lending platform designed to create efficient money markets through real-time asset management. The protocol, built on the Ethereum blockchain, employs a series of open-source smart contracts that algorithmically adjust interest rates based on the specific supply and demand of each asset. This enables users to access liquid, transparent, and predictable interest rates, making it a widely adopted system with thousands of users and numerous applications integrating its functionalities.

Keep Network, established in 2017 and based in George Town, Cayman Islands, specializes in creating interactive links between public blockchains and private data. The company's core product, tBTC, is a decentralized bridge enabling users to securely and anonymously transfer their Bitcoin to the Ethereum network, facilitating participation in decentralized finance (DeFi) platforms. Keep Network's technology, an off-chain container for private data, allows smart contracts to leverage the full power of public blockchains while maintaining data privacy.

Ren is an open protocol that facilitates the transfer of value between different blockchains, enhancing interoperability within decentralized finance (DeFi). Its primary product, RenVM, supports multi-chain operations and allows for large-volume cryptocurrency trading through hidden order books. This infrastructure is designed to enable traders to execute private and cross-chain trades while minimizing market impact. Founded in 2007 and based in Singapore, Ren aims to provide a decentralized dark pool exchange protocol that allows for atomic swaps between cryptocurrency pairs on the Bitcoin and Ethereum blockchains, ensuring that order details remain confidential.

DFINITY is a foundation based in Zurich, Switzerland, focused on developing and providing innovative internet services and software solutions. It is primarily known for the Internet Computer, a secure and tamperproof open cloud platform that allows users to build and host new systems and services. The foundation also offers the DFINITY Canister software development kit, which facilitates the creation of software systems that operate on the Internet Computer. Additionally, DFINITY is instrumental in the development of the Internet Computer Protocol, enabling independent data centers to collaborate and provide serverless cloud functionality while ensuring network security. Its vision includes democratizing application development through AI-driven tools, promoting a decentralized internet where users can easily create and manage web applications without extensive technical skills. Established in 2016, DFINITY operates research centers in multiple locations, including Palo Alto and Shanghai, reflecting its commitment to advancing the next-generation blockchain network and ecosystem.

O1Labs, established in 2017, is a blockchain technology company that specializes in zero knowledge cryptography and innovative cryptographic solutions. The company's significant contributions include the development of the Mina Protocol, recognized as the world's first lightweight, scalable, and decentralized zk blockchain. Additionally, O1Labs has created o1js, an intuitive framework designed to assist developers in building zk applications. By leveraging zero-knowledge proofs, O1Labs seeks to enhance blockchain accessibility and facilitate the creation of user-friendly cryptocurrency applications that operate natively in web browsers. The company's vision is to drive the next generation of applications powered by zero knowledge cryptography.