Hillrise Ventures Announces Investment in Sigmadex
By Daniel Dal Bello, Director.
May 21, 2021–2 min read.
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Hillrise Group today announces an investment into Sigmadex — a decentralised perpetual liquidity protocol for tokenized assets. Hillrise Ventures is the private investment arm of Hillrise Group.
Sigmadex is introducing a Substrate-based liquidity provisioning platform with a strong focus on synthetic assets. Unique to Sigmadex is their enhanced incentive structures underpinned by game theory and built to suit a range of liquidity providers (‘LPs’), maximize liquidity, and maintain stability in volatile markets.
Where liquidity pools are a staple of DeFi, Sigmadex puts a spin on the model with voluntary time-locked liquidity provision terms. Time-locked LPs will be compensated for ‘illiquidity risk’ with a greater share of transaction fees and inflationary platform incentives.
Capital efficiency is a growing topic within DeFi, for example, the over-collateralization of assets or staking of non-interest-bearing stablecoins. Sigmadex seeks to address this inefficiency within synthetic assets through its proprietary collateralization engine.
Sigmadex recently completed a US $2.7m private investment round supported by Hillrise Ventures and others.
“Since the beginning of the shift from centralized to decentralized markets we have been heavy users of Uniswap and other prominent DeFi products. Sigmadex is building on the foundation set by these protocols and taking the next step with a decentralized, user-friendly, blockchain-agnostic protocol driven by unique underlying game theory mechanics. We believe the future is multi-chain and Sigmadex have interoperability as well as low latency and community governance front of mind. We look forward to supporting the launch and growth of Sigmadex.”
Daniel Dal Bello, Director of Hillrise Group
“Sigmadex is privileged to be supported by many well-known industry leaders such as Hillrise Group in the crypto space. Both Hillrise and Sigmadex share a very clear vision when it comes to revolutionizing the DeFi ecosystem. By using a series of computational elements, Sigmadex replaces the biased centralized layer of decision-making found in traditional finance with a game-theory driven liquidity enhancing mechanism. With the power of the Polkadot infrastructure, Sigmadex is set up to make an impact among mainstream liquidity protocols currently found on other networks.”
Peter Danihel, Founder of Sigmadex
Hillrise Group supports ambitious Web3 startups with early-stage venture capital and fundamental research.
