Yield farming seems to be all the craze these days. For some that have been around long enough, it really feels like the 2017 altcoin run, this time with promises of triple digit APYs. Since September, the craze seems to have subsided, but at Ember Fund, we believe the community has stumbled on something transformative. Something that will be here for a long time and perhaps re-define how we think about yield and on a larger scale, how community-run entities govern, share and optimize profits all the while being decentralized, permissionless and transparent.
Our vision was always to be the…
“What if we have too many users?”
A question we naively asked before we launched our product. I think there is always some underlying hope that this will actually be the case and therefore we orient ourselves to consider and think about it. To that end, after much deliberation, we built a safeguard in the product that would allow us to “turn” off sign ups in the event we were overloaded with users. It read something like this:
Due to the high volume of signups. Ember Fund is temporarily unavailable. Please try again later.
Unfortunately, we didn’t get to put…
“He who is given power will inevitably become an oppressor and exploiter of society.” — Mikhail Bakunin
The ultimate promise of blockchain technology and cryptocurrencies: the decentralization of power. The vision was to give transparency, power, control back into the hands of the people. After all, this was born (just 3 weeks) out of the 2008 financial crisis where the culmination of years of abuse of power came to a tipping point. Big banks told us to “give us your money and just trust us”. We did, and we all paid for it.
What happened: The creation of the most…
We’re obsessed with what we’re building here at Ember Fund. We’ve spent the past year building the easiest way in the world to invest in a portfolio/index of cryptocurrencies. Our vision is to build institutional-grade trading technology and give it to anyone with a mobile device and $100.
What makes us stand out though is that we wanted to preserve the most interesting and powerful property of blockchain technology: decentralization and self-custody
Why is it important to custody your own assets?
I can’t believe it’s only been 4 weeks since we all quit our jobs to pursue our cryptocurrency startup Ember Fund, it feels like it’s been months. It’s all been a blur, but in the best way possible. A bit of a cliche, but it really has been a rollercoaster ride. From one moment to another, it’s been depressive lows to manic highs. The cryptocurrency industry is moving so damn fast. Within weeks, new competitors surface, technologies become obsolete, and $100 million ICO funded projects promise the world… and we have to compete with that. Then, literally the next day…
We’re excited to announce that we will be launching on Product Hunt in a few weeks!
What is Product Hunt?
In a nutshell:
Product Hunt surfaces the best new products, every day. It’s a place for product-loving enthusiasts to share and geek out about the latest mobile apps, websites, hardware projects, and tech creations.
As of today, there are 715 cryptocurrency related projects on Product Hunt, roughly 1–1.5 million unique visitors per month. Not bad.
How it works:
Every night at midnight, Product Hunt refreshes the counter of newly launched products on their platform. From that point, the…
Our journey begins almost 9 months ago. We were all working at an artificial intelligence company, and although we all came from very different backgrounds, we got along really well. Crypto brought us all together and consumed much of what we talked about at lunch and at the bars after work. At the time, crypto was running up like nothing we’d ever seen before. Everyone was talking about it, and everyone was an expert. “The CBOE launch is going to create buy-side demand!” “IOTA is going to be the future!”. It was exciting times.
Then the market started tanking and…