Portfolio News Archive
Stay updated with the latest news and announcements from our portfolio companies. All news is automatically sourced from leading crypto media outlets.
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Backpack Raises $17M Series A Led by Placeholder
Backpack, the crypto wallet and exchange platform, announced a $17 million Series A funding round led by Placeholder VC. The funds will be used to expand the platform's multi-chain capabilities and enhance security features for both retail and institutional users.
Solayer Launches Restaking Protocol on Solana Mainnet
Solayer officially launched its restaking protocol on Solana mainnet, enabling SOL holders to secure additional networks while maintaining their staking positions. The protocol aims to improve capital efficiency and expand Solana's validator ecosystem.
RateX Surpasses $500M in Trading Volume
RateX, a decentralized derivatives exchange, has crossed $500 million in cumulative trading volume since its launch. The platform's innovative leveraged yield trading features have attracted significant attention from DeFi traders.
Lombard Integrates with EigenLayer for Bitcoin Restaking
Lombard announced a strategic integration with EigenLayer, enabling Bitcoin holders to participate in restaking through wrapped BTC derivatives. This integration opens new yield opportunities for Bitcoin holders while contributing to Ethereum's security.
Raiku Launches AI-Powered Trading Infrastructure
Raiku unveiled its AI-powered infrastructure platform designed to optimize trading strategies for institutional clients. The platform leverages machine learning algorithms to provide real-time market analysis and automated execution.
Primus Labs Secures Audit from Trail of Bits
Primus Labs announced the successful completion of a comprehensive security audit by Trail of Bits ahead of its mainnet launch. The audit covered smart contract security, consensus mechanisms, and network architecture.
Backpack Exchange Adds Support for 50 New Trading Pairs
Backpack Exchange expanded its offerings with 50 new trading pairs across major blockchains. The update includes support for emerging DeFi tokens and cross-chain liquidity pools, further solidifying its position in the multi-chain exchange landscape.
Solayer TVL Reaches $200M in First Month
Just one month after launch, Solayer's total value locked (TVL) has surpassed $200 million, demonstrating strong market demand for restaking solutions on Solana. The protocol has attracted over 15,000 unique stakers.
RateX Partners with Pyth Network for Price Feeds
RateX integrated Pyth Network's high-fidelity price feeds to enhance the accuracy and reliability of its derivatives trading platform. The partnership ensures low-latency price updates crucial for leveraged trading.
Lombard Announces $8M Seed Round
Lombard raised $8 million in seed funding to build Bitcoin liquid staking infrastructure. The round was led by Polychain Capital with participation from Robot Ventures and several prominent angel investors.