Announcing Our Successful $2M Seed Round
Waterfall DeFi is the first true risk diversification DeFi protocol that enables users to carefully optimize their yield farming strategy by investing in different “tranches” of a portfolio.
Today, we are proud to announce that Waterfall DeFi has successfully raised $2M in seed funding co-led by GBV Capital, Divergence Ventures and Ascensive Assets.
Other strategic investors who participated in this round are AscendEX, Morningstar Ventures, Rok Capital, X21 Digital, Genblock Capital, Marshland Capital, One Block Capital and Synaps. In addition, a few industry leaders also participated in the current funding round: Boxmining, The Crypto Dog, Leo Cheng from C.R.E.A.M. Finance, Kevin Tai from Linear Finance and Xinshu Dong from IOSG.
Our entire team is incredibly grateful for the support and confidence we have received from the aforementioned industry experts, leaders and investment funds.
Past, Present and Future Project Update
Since we shared our last Medium article about how Waterfall DeFi tranches work, we have made significant progress in building our team and the product.
- Tom Cheng, a Harvard graduate and previously a consultant with McKinsey & Co., has joined Waterfall DeFi as the project lead.
- Our core team grew from a team of 3 to a team of 15+ experts covering all aspects of the project — structured products, yield strategies, UI/UX design, smart contract development, front-end/back-end, community management, marketing and business development.
- Last, we have concluded the development of the first Waterfall DeFi product, and leading industry experts are currently auditing the product smart contracts. The expected launch date of our first product is in early Q4 2021.
We will be sharing detailed information on our first product launch, platform governance token, and public sale details in the following weeks.