StakerDAO Scouts
October 2020
Proof of Stake:
The Polkadot ecosystem is heating up as developer activity picks up. In October, a few projects raised new funding including Equilibrium, which raised $5.5mn, and Reef Finance, which raised $3.9mn. Other projects in the pipeline include PolkaBTC and Karura, Acala’s DeFi parachain. Outside of Polkadot, O(1) Labs raised $10.8mn in funding to bring Mina Protocol (formerly Coda) into Asia. Balancer also communicated its intention to build on Near protocol and Oasis.
Governance and DeFi:
Boardroom, a platform for governance, raised $2.2mn while other DeFi protocols launched like Yield Protocol and Notional. Aave also transferred its admin key to governance.
Traditional Finance and Venture Deals:
Several analytics companies raised funds over the last several weeks including Dune Analytics ($2mn), Covalent ($3.1mn), Gauntlet Networks ($4.3mn) and Nansen ($1.2mn). Bitwise, an asset management company largely servicing family offices, financial advisors, and institutions has crossed $100mn in AUM.
