1/3 Breed is psyched to share our investment in
@plumenetwork
, a trailblazer in the real-world assets space. Plume is building a RWA Layer 2 to seamlessly onboard RWA projects & bring new capital on-chain. Their mission is to streamline the RWA ecosystem.
Our thesis on Decentralized AI (DeAI):
We've identified the leading innovators in the space and potential applications of this groundbreaking technology stack.
1/3 Breed is pumped for our investment in
@Kintsu_xyz
, pioneering the next generation of liquid staking on
@monad_xyz
. Kintsu is building an innovative LST product to drive economic activity and be a foundational building block for DeFi on Monad.
Kintsu is thrilled to announce our $4M seed round, led by
@CastleIslandVC
!
We're building liquid staking on Monad to help catalyze the entire DeFi ecosystem 💜
1/3 Breed is psyched to announce our investment in
@KuruExchange
! Kuru is revolutionizing on-chain order books with unparalleled gas efficiency on
@monad_xyz
.
1/3 Breed is excited for investment in
@timedotfun
! They are pioneering the way we value & trade time by enabling users to tokenize and monetize it. This is transforming social interactions by allowing the market to decide what your time is worth.
1/3 We're thrilled to announce Breed’s investment in
@Arbelosxyz
. Arbelos is spearheading the new era of crypto trading, emphasizing transparency and sophisticated risk management to attract institutional players.
1/3 Breed is excited to announce our investment in
@squidrouter
! As a trailblazer in crypto interoperability, they are revolutionizing how cross-chain transactions are conducted, ensuring the most seamless of blockchain experiences.
We are proud to announce that Squid has raised $4m in a strategic funding round led by Polychain Capital and backed by leading funds and angels!
We invite you all to join us in celebrating the exciting news on the very day Squid launched last year 💫
1/6) Venture capital and how investment decisions are determined is extremely opaque, even more so in the crypto sector. At Breed, we wanted to share our due diligence philosophy as a guide for founders & those generally curious about how crypto VC works:
1/3 Breed is thrilled to announce our investment in
@bagel_network
, a trailblazer in AI data collaboration. The Bagel Network is redefining how AI datasets are built, utilized, and shared, merging human collaboration with AI capabilities.
1/3 Breed is thrilled to unveil our latest venture with
@myprizecom
, setting a new standard in online crypto casinos. MyPrize realizes the dawn of a multiplayer revolution in the gaming industry. Ready to play alongside your favorite creators?
1/ BREED is thrilled to back
@CredoraOrg
on their mission to revolutionize transparency and confidence in credit markets. As a pioneer in private computation technology, Credora enables accurate underwriting while preserving borrowers' privacy.
1/3 Breed is psyched to announce our latest investment with
@AgoraDollar
. Agora's visionary team is on a quest to create the most liquid dollar asset, transforming digital transactions.
We are thrilled to announce that we have raised a $12 million Seed round, led by
@dragonfly_xyz
.
Agora is building next-generation payments and asset infrastructure for the transmission of value on blockchain-based rails.
1/4 BREED is psyched to share our investment in
@SpearbitDAO
, who is building the future of web3 security. Their decentralized network of experts is revolutionizing security audits in crypto. Spearbit's
@cantinaxyz
, the new security audit platform, ensures optimal collaboration.
1/3 Breed is excited to announce our backing of
@usualmoney
, pioneering a seismic shift in the stablecoin market with their USD0 launch. Usual is not just another stablecoin; it's a decentralized bank that redistributes value back to its users.
💥Just the beginning! Usual Labs has successfully raised $7M in a strategic funding round and secured $75M in TVL! Get ready for a revolutionary shift where users can own a piece of their fiat-backed stablecoin issuer. Change is here!
#JoinTheAlternative
🔮
1/3 Breed is thrilled to announce our participation in the
@nucleusearn
$7M funding round. Nucleus is pioneering the default yield provider for networks across the crypto ecosystem, offering a transformative solution for both users and networks.
The team from
@ionprotocol
is excited to announce a total fundraise of $7M, led by
@gumicryptos
and 90+ additional supporters
The funding was completed to introduce Nucleus—the default yield provider for networks across the crypto ecosystem
⬇️
Introducing MyPrize: The first crypto powered online casino with immersive social integration, backed by leading venture firms & top degens. 🎰
Picture the thrill of gambling with your friends & favorite streamers, at the same time…anytime, anywhere.
XP points system is live⬇️
Our second speaker panel of the semester is here! Join us for a panel with James Seibel and David Hsu, two veterans in the industry working in the casino and VC sectors. Be curious and ask any questions!
♦️ September 16th
♦️ 6pm-7pm
♦️ Richards Hall Room 236
1/3 Breed is thrilled to announce our investment in
@t1protocol
. T1 is solving one of Web3’s most pressing challenges: fragmentation & lack of composability introduced by rollups. With T1s tech stack, they bring cross-chain scaling and instant settlement.
🚀 Thrilled to announce our pre-seed round with participation from an incredible group of funds and builders! We are excited to be part of the
@a16zcrypto
Crypto Startup School (CSX) 🎓 as they join in our round, alongside these amazing builders, founders and strategic partners
1/3 BREED is elated to back the
@ionprotocol
team on their mission to revolutionize the liquid staking ecosystem! Led by the brilliant minds of
@ChundaMcCain
and
@junebug_0831
, Ion Protocol promises to redefine the financialization of validator re-staked assets.
1/3 Breed is delighted to announce our investment in
@monad_xyz
! Monad's high-performance, Ethereum-compatible L1 is setting new standards for decentralization and scalability, with a blazing throughput of 10,000 tps.
1/3 Breed is thrilled to announce our investment in
@switchboardxyz
, a trail blazer in the oracle space. They are revolutionizing on-chain data aggregation with their innovative on-demand oracle solution, offering unparalleled customization and security.
📢 Switchboard Closes $7.5M Series A Round
We’re thrilled to announce a strategic raise, co-led by
@tribecap
and
@Rockaway_X
, with support from
@SolanaFndn
,
@Aptos
,
@StarkWareLtd
, and more.
This investment accelerates our mission to supply permissionless and secure oracle
Excited to announce a new series of developer-focused fireside meetups, in collaboration with
@Breed_VC
and
@TheBostonDAO
Thursday 6/15 join us in hearing
@crypt0glitter
of Uniswap discuss the past, present, and future of AMMs
RSVP👉
1/3 Breed is thrilled to back
@puffer_finance
, set to revolutionize Ethereum validation with its restaking modules. Puffer's unique approach allows stakers to maximize returns while minimizing risks.
Excited to announce the close of our $18M Series A led by
@BHDigitalAssets
&
@ElectricCapital
! 🐡🚀
This funding marks a new era for Liquid Restaking and bolsters Ethereum's decentralization. 🧵
Read more:
1/11
1/3 Breed is proud to back
@bsx_labs
, a game-changer in on-chain derivatives. With $4B+ in trading volume and $1M+ in revenue since April, BSX is rapidly becoming the liquidity hub for DeFi on
@base
and EVM chains.
🚨 Exciting news! 🚨
1/ The team at
@bsx_labs
is excited to announce a total fundraise of $6.2M, led by
@blockchaincap
and 50+ additional supporters
The funding was completed to further expand BSX product development — the liquidity layer for onchain derivatives and capital
Getting capital calls from funds where you're an LP is so much better when most investments the fund has made this year has been into stuff I looked at personally and also went in on, or which I subsequently also wanted in on personally too; top quality dealflow.
Bagel 🥯 partners with NVIDIA in the Inception Program to advance privacy preserving AI solutions. This collaboration aims to enable humans and autonomous AI agents to manage machine learning resources securely.
Here’s what it means to users 👇
NVIDIA will provide compute and
3/3 Agora is set to launch AUSD, challenging the norms with a stablecoin that truly caters to the ecosystem's needs. Big cheers to
@Nick_van_Eck
,
@DrakeEvansV1
, and the whole Agora team for leading the charge towards a more liquid and transparent digital economy!
Our GP and founder,
@JedBreed
was a judge at the pitch competition at
@PropyInc
's AI, Web3 and Real Estate Summit in Miami! Thanks for having us
@NataliePropy
!
2/3 Kuru's groundbreaking approach mitigates MEV and maintains a constant gas cost, even with a fully on-chain CLOB. This ensures seamless integration with DeFi aggregators and unprecedented efficiency for market makers.
3/ Kuru is poised to transform the trading landscape on Monad. We're proud to back
@KuruExchange
as they lead the charge in creating a more efficient and secure trading ecosystem. Congrats to
@0xfravashi
,
@0xtrojan_
and the whole Kuru team!
1) MEV, it affects us all whether we want it to or not. The future of decentralized systems depends on addressing this complex issue. Our in-depth analysis covers everything you need to know:
2/3 Ion Protocol delivers a 10x improvement in capital efficiency for re-staked assets by enabling fungibilty for previously nonfungible positions, eliminating opportunity cost tradeoffs for
@eigenlayer
users, and providing deep liquidity for LSTs regardless of fragmentation.
3/3 We're excited about the future of liquid staking and Ion's role in shaping it. With their pioneering technology and dedicated team, Ion will make the staking ecosystem more efficient and accessible for all. Keep up the great work,
@ChundaMcCain
,
@junebug_0831
& Ion team! 🚀
Huge shout out to the team at Crypto Funds Watch for featuring Breed in their monthly newsletter.
Crypto Funds Watch is a monthly publication covering all the top developments in the crypto funds space.
Get this month's newsletter:
3/3 We're excited to back
@kisaguncan
,
@OrestTa
& team, as they unify Ethereum and the broader rollup ecosystem. T1’s mission to deliver composable scalability and a superior user experience is set to reshape the future of decentralized applications and cross-chain innovation.
3/3 We're excited by the future
@myprizecom
is crafting at the crossroads of gaming and the creator economy. With its unparalleled multiplayer platform, MyPrize is setting the stage for a seismic shift in online social casinos. Hats off to
@ZachBruch
, and the whole MyPrize team
AUSD Week 1 Recap - $35M Minted on Eth Mainnet
We opened up AUSD minting on Ethereum Mainnet last week to a select number of early customers and service providers.
We’re able to mint through fiat and accept other stables through our OTC partners (all of the first $35M came via
3/3 As crypto evolves into a global asset class,
@Arbelosxyz
is setting a new standard for trading infrastructure that handles the complexities of derivatives and OTC trades. So proud to back
@joshua_j_lim
,
@ShiliangTang
and the rest of the Arbelos team!
2/3 With a unique platform that blends gaming with social interaction,
@myprizecom
is breaking the mold. Imagine a world where gaming meets community - where your next play could be alongside top streamers and friends, making every game a shared adventure.
2/3 T1’s groundbreaking Layer 2 infra enables synchronous composability across partner rollups with 1-second block times and robust MEV protection. Users can enjoy seamless cross-chain interactions while leveraging liquidity—no more juggling chains or compromising on security.
Introducing Puffer UniFi - Puffer’s Based Rollup
Bringing Ethereum Together.
Imagine a world where all L2s are working as one.
The future is too bright. We need sunglasses. 🕶️🐡
1/10
3/3 With robust governance and cutting-edge technology,
@puffer_finance
is poised to redefine the staking landscape. We're excited to see how Puffer will elevate Ethereum's validator ecosystem! Huge congrats to
@AmirOnchain
,
@art3chris
and the whole Puffer team!
4/ We're excited about the future of lending and Credora's role in shaping it. With their growing presence and committed team, Credora is on track to make credit markets more transparent and efficient for all. Keep up the great work,
@darshanvaidya
and the Credora team!
4) In the first part of research, we dive deep into transaction fundamentals and block production, the foundation for understanding MEV. We’ll also explore different types of MEV and their benefits/drawbacks. Thanks to our team member
@davehsu
for taking the lead on this piece.
1) In Part 2 of our MEV Bible, we unravel the complexities of Miner Extractable Value and review the pros and cons of the proposed solutions. The solutions that win will affect us all and the future of blockchain:
It was a pleasure speaking with the folks at
@BuildersProgram
. Here are some actionable tips from one of our investors
@DaveHsu
on what we look for when backing our founders. Thanks for having us!
Fundraising in the crypto space has slowed down, but investors are still looking for strong teams developing needed solutions! 🚀
Here are 4 key takeaways from our call with David from
@Breed_VC
, an investor in the crypto space:
2) MEV traces its roots back to a 2014 Reddit post on "Miner Frontrunning" and was formalized in the 2019 paper Flash Boys 2.0. With the rise of
#DeFi
and
#NFTs
, MEV has become a high-stakes game, generating controversy and over $680M in profits.
3/3 Join us in supporting
@usualmoney
as they bridge traditional finance and DeFi. Their Liquid Deposit Token (LDT) sets them apart as a leader in DeFi-native stablecoins. Huge congrats to
@Pierr_Person
,
@AdliTB
,
@hugosdc
and the whole Usual Team!
6/6) Beyond the investment, we're committed to continual partnership & innovation. If you're a founder at the forefront of crypto, our doors are open. Reach out to us, and let's shape the future together.
2/3 Squid has facilitated nearly $1 billion in trading volume across over half a billion transactions with over 200,000 active users. They uniquely address the interoperability 'trilemma' by balancing instant finality with liquidity, all while maintaining robust security.
3) Why does
#MEV
matter? It creates incentives for validators to prioritize certain
#blockchain
transactions, potentially causing systemic issues that hinder consensus. Not to mention, transaction censorship in line with OFAC rules following the Tornado Cash incident.
3/6) Our lens zooms in on the human element—team dynamics are pivotal. It's the blend of proven leadership, emotional investment, passion, and team cohesion that we bet on.
We're proud to be backing the incredible folks at
@AstriaOrg
, a leading innovator in the rollup space.
Astria's shared sequencer network paves the way towards a more decentralized future, which is sorely needed with current rollup solutions.
3/3 We are thrilled to see the impact Squid will make with their focus on user experience and secure, instant transactions. Their potential to lead the way in interoperability evolution is immense, and we're proud to be part of this journey. Huge congrats to
@0xtna
and team!
2/3 From founders and influencers to developers and investors,
@timedotfun
connects users with top creators across industries. The platform’s innovative model provides a unique opportunity for personalized mentorship, advice, and collaboration, all priced per minute.
2/3 Arbelos builds on the lessons of the past, integrating robust transparency engines to offer clear, real-time data to their clients. This crucial development aims to restore trust in crypto markets devastated by previous management failures.
3/3 The Plume team is a powerhouse of talent from Coinbase, Robinhood, Binance, and Galaxy Digital, among others. We're thrilled to support
@chriseyin
,
@teddyP_xyz
,
@eyqshen
, and the entire Plume team in revolutionizing the RWA landscape!
2/3 Agora's novel approach to returning the revenue back to the ecosystem that drives utility will help them set a new benchmark in the stablecoin arena. Their strategic partnerships, especially with
@vaneck_us
, underscore their dedication to reshaping financial landscapes.
2/ As part of our investment thesis, we see the potential for Credora's technology to revolutionize credit markets and beyond not just in crypto markets but also traditional finance.
5/6) Due diligence at Breed goes beyond the surface. We navigate through market potential, regulatory compliance, and cybersecurity. Our commitment is to the journey, not just the investment—partnering with founders dedicated to sculpting the crypto future.
2/3 Plume's approach integrates asset tokenization & compliance providers on their chain, creating a cost-efficient and secure environment. They enable RWA composability to foster new dapps & provide a seamless investment destination with high liquidity for all tokenized RWAs.
2/3 Switchboard On-Demand provides high-fidelity data with low latency, perfect for blockchain applications needing precise and timely information. Their confidential runtime ensures data integrity and first-look advantage for users, setting a new standard in oracle technology.
3) The MEV landscape involves various players: users, wallets, searchers, builders, validators, and prominent entities like
#Flashbots
. The management of MEV could shape our blockchain future into a democratic utopia or a dystopia favoring the powerful few.
2) With its roots in blockchain's transparency and transaction sequencing,
#MEV
has garnered mixed perspectives. Some see it as a fundamental aspect of
#blockchain
; others view it as a harmful byproduct that challenges fairness and raises ethical questions.
3/3 We're hyped about
@bagel_network
's mission to democratize AI development and their vision to sculpt the future of machine learning. Proud to support
@bidhanxyz
and the amazing Bagel Network team!
2/3 To achieve this Monad is rewriting the entire EVM stack from the ground up to optimize for raw performance. Their cutting-edge approach solves the classic blockchain trilemma, ensuring full EVM and Ethereum RPC API compatibility for seamless developer and user experiences.
2/3 With $75M in TVL secured,
@usualmoney
is gearing up for a Q2 2024 launch on Ethereum. This innovative protocol, backed by real-world assets, aims to challenge giants like Tether by prioritizing community governance and ownership.
By streamlining the rollup development process, Astria is taking us one step closer to a future with thousands of decentralized, sovereign rollups.
Huge congrats
@Jskybowen
,
@joroshiba
& the Astria team.
2/3 We see data as being the ultimate bottleneck for open source AI models. Bagel Network is one of the few companies we've seen that can solve this with their open marketplace utilizing crypto economic primitives to accelerate the open sourced AI future we see coming.
2/3 Nucleus enables users to effortlessly earn yield by simply bridging assets to supported networks, while networks benefit from new business models, user growth, and diversified revenue streams. This innovation promises to reshape the way yield is generated and distributed.
4) We explore various solutions to MEV's challenges: auctions, cryptography, fair ordering, and regulation. Each solution has its unique merits and shortcomings. Our choices will shape the future of a fair blockchain ecosystem. Hats off to
@davehsu
for the this great piece.
2/3 Puffer’s native liquid restaking protocol built on
@Eigenlayer
with anti-slashing technology built in is truly state of the art. It makes native restaking more accessible, allowing anyone to run an Ethereum Proof of Stake (PoS) validator while supercharging their rewards.
3/3 With Switchboard's unique blend of customizable data solutions, they are positioned to lead the oracle market. Excited to support
@hermidao1
,
@DoctorBlocks
and the entire Switchboard team in transforming blockchain data services!
3/3 We believe in ’s vision to bring new dynamics to creator and expert engagement in the digital age. We're thrilled to support them as they continue to innovate and lead in this emerging space. Congrats to
@0xKawz
and the entire team!
3/3 With a strong commitment to preserving the rich Ethereum ecosystem, Monad enables existing dApps to operate with unparalleled efficiency. We're so excited to back the Monad team on their journey! Cheers to
@keoneHD
,
@_jhunsaker
,
@0x_eunice
,
@intern
and the whole Monad crew!
3/3 We're proud to back BSX as they expand their offerings and push the boundaries of decentralized finance. Big congratulations to the entire
@bsx_labs
team—this is just the beginning...
2/3 The BSX team, with veterans from Coinbase, Kraken, Falcon X and Jump Crypto, is building a comprehensive DeFi ecosystem. Their advanced platform offers millisecond latency, deep liquidity, and up to 1000x leverage, making it a true game-changer for on-chain trading.
4/6) We seek out products that fill market gaps and tokens that transcend mere currency. It's about competitive strategy, feasibility, and scalability. Only those with a clear vision for growth make the cut.
3/ Their $6m strategic funding round, with participation from
@SPGlobal
and
@coinbase
Ventures, is a testament to their innovation and leadership in the space.