Who is Daedalus?
We are a group of veteran builders, makers and degens that want to help write - and underwrite - the next 10 years of blockchain narratives.
More than an angel collective, Daedalus is founders helping founders.
Meet the Daedalus team:
The future is multichain but the 𝘱𝘳𝘦𝘴𝘦𝘯𝘵 is still a siloed fragmented mess.
@LayerZero_Labs
might be one of the most exciting interoperability tech of 2022.
LZ mainnet went live 2 days ago and their first app (Stargate) launches today.
Here’s why both make anons giddy🧵
The Funded is back! 💰
In Ep.04, we sat down with
@vsadkovv
from
@eesee_io
to talk about his oversubbed round, what worked - and didn't work - when reaching out to investors, getting a low-ball offer from an accelerator and more.
Full convo:
Apple…
Gearbox V2 dares to promise pre-Anchor yields in the middle of a bear market.
Up to 38.4% APY on stables? In this economy?!?
Here’s how the leverage sensei plans to 10x your APY on Curve, Lido and DeFi’s biggest protocols 🥷🧵
Today, we shed some light on Gearbox’s upcoming V2 <tech details to follow> that truly takes the idea closer to the potential we wanted to realize. A task so monumental, though, can not be completed without a force just as strong and that’s why our force… Leverage Ninjas 🥷
We are thrilled to be part of
@eesee_io
's journey to democratize the NFT landscape, accelerate liquidity and lower its prohibitive barriers to entry.
Eesee's testnet proved there's already massive demand for a fun, social-first approach to NFTfi - one that can appeal to both…
So much misplaced Andre FUD on the TL.
Yes, Andre is leaving, but his projects and collaborative ventures carry on - most without (m)any changes.
If anything, today is a testimony to the plasticity and resilience of DeFi.
Here’s what happens to Andre-linked projects, 1-by-1:
Last year we improvised a 2-day conference for 20 builders in a coworking hub hidden deep in rural Serbia.
There was nothing to do but get to know each other, talk about crypto and vibe.
Everyone loved it. So this year, we’re 2Xing the whole event.
The Cherrypick Conference 🍒
Highly practical talk today by
@niarbnotna
from
@viaMover
on cross-chain infrastructure @ the
#Cherrypick
🍒 unconference:
"All the protocols are going cross- or multi-chain, so we covered the main loops/hoops when you're moving away from uni-chain"
Main session takeaways 👇
It’s been over a week since the 1st Cherrypick Unconference 🍒 ended.
We gathered 45 builders, degens and web3 nerds from the Balkans (+ beyond) for 3 days of expert-led sessions, fireside chats and bottomless rakija.
Here’s what we learned - and what comes next for Cherrypick:
Think there’s demand for a Bitcoin L2?
Over 25m TVL already committed for Season 1 of
@build_on_bob
Fusion in <24hrs 🔥
Out of which:
- 10m wBTC
- almost 4m tBTC
- almost 2m USDC
- 600k ETH
- 3.6m eSOLV
- 4.3m wstETH
What better way to spend the weekend then w/ a bunch of Balkan blockchain gigabrains?
Daedalus meetup & knowledge sharing underway in the gorgeous Mokrin House:
Anyone in lending markets should 👀 Morpho's Testnet launch today.
Morpho optimizes supply and borrow APY through near-zero spread and will soon become your default gateway for Compound and AAVE.
Unless, of course, you like losing money.
For the rest of you, a short 🧵
Here we are! The first ever liquidity pool optimizer is live on testnet. Discover our first contract improving Compound on the Ropsten network.
🦋 Test Morpho's app right now 🦋
🔗
To secure one of top DeFi protocols, Yearn devs need a swiss army tool for on-chain monitoring, code debugging and real-time incident analysis.
They *could* build it in-house but that would waste dev resources and cut into
@bantg
's hentai time.
So they used Tenderly instead.
So excited to support the team behind Shrapnel.
This is not a blockchain-first FPS.
It's an ownership-first FPS.
It's the strategic allure of Tarkov with web3's promise of player empowerment.
Its early access is out in December.
Go follow
@playSHRAPNEL
🔺
The game studio behind
@playSHRAPNEL
has now raised a total of $37.5 million in funding.
Their latest round is a $20 million Series A led by Polychain Capital.
Full details for
@ggDecrypt
:
With the $COW airdrop over, 👀 are now slowly turning to another - possibly much larger - Gnosis spinoff: SafeDAO and the $SAFE token.
So what exactly is SafeDAO and why could it become one of the most influential DAOs to be launched this year?
🧵
As an angel collective, we're lucky to talk to web3 founders every day.
When it comes to fundraising, same questions always come up.
Introducing The Funded - new series where we interview founders on their experiences, challenges & lessons in raising capital.
Ep. 01 soon 👀
Daedalus has an open Project Manager / Operations role!
Want to help make us more streamlined and efficient, dissect new narratives and expand your web3 network?
More information + how to apply here:
Grats to
@build_on_bob
on the mainnet launch!
Started tracking BOB's TVL from the official bridge here -
Almost $13m in TVL already 🔒
Will be adding more BOB data/dashboards along the way.
DeFi is a whale’s playground, but proper harpoons are still hard to come by.
That’s why we’re bullish on
@UniWhales
which lets you track DeFi whale flows, spot pumps in motion & dodge rugs.
UniWhales gets that DeFi analytics are about more than data. They’re about culture.
🧵
Thank you to
@Ledger
for sponzoring the prize pool (5x Ledger Nano) for our table tennis and 9-ball tournaments last night!
Here's the eventual ping pong winner
@alexmatanovic
flexing his backhand on innocent bystanders.
#Cherrypick
🍒
If a project raised back when Zuck’s sis was still doing sing-alongs, bera’s probly been brutal.
Compressed runway. Slashed valuations. Survival > innovation.
So it’s that much more impressive to see projects like
@thalesmarket
that *excelled* while the dominoes were falling.
Dexguru raises another $5m to scale their on-chain analytics to other chains & data verticals.
Blockchain analytics are quickly becoming a key battleground in crypto and first-mover advantage is going to prove massive.
@dexguru
is now vying for a big chunk of that pie.
Why?
What a delight it’s been to watch
@MetatheoryInc
build and expand the
@DuskBreakers
universe over the past 10 months.
Their 2nd collection is not just a mint: it’s also a whole new video game AND a 16-chapter visual novel.
This is the future of games that we were all promised.
Our first HUGE
#BUIDL
is here. Come play w/ ALL THE THINGS! 🕹️
NEW Mint + Video Game + 16 chapter Visual Novel + XP System 😤
All fully integrated. Play + Lore to Level Up.
BEHOLD: The Gribble Eggsperience!
(they call it a sizzle because it's so 🔥🔥🔥🔥🔥)
Our Captain Nemo (
@ncerovac
) making waves at
@blocksplit
with his workshop on the power of community in DeFi. Reports say everyone had a whale of a time.
Day 2 of Daedalus meetup/knowledge sharing well underway 🧠
Today, crypto founders and natives are sharing their experiences on building company culture, remote work, establishing processes and more:
With the new NBA season and Dota 2’s The International about to start, a reminder that
@OvertimeMarkets
continues to kill it with their sportAMM.
Decentralized sports markets aren’t some kind of ‘next cycle’ narrative.
They’re now.
$40m Series B round AND a love letter from
@iearnfinance
in a span of 24 hours?
@TenderlyApp
making 🌊 on the CT lately
We’re obviously biased, but why does one of top DeFi protocols love using Tenderly so much?
(short🧵)
With 300+ smart contracts on mainnet + billions in TVL, Yearn's vaults and strategies are critical infra for all of DeFi.
It wouldn't be possible without best-in-class dev tooling from
@TenderlyApp
. Here's how we've teamed up to grow further and faster:
EIP-4337 went live last week and ppl are already calling it a 𝗴𝗮𝗺𝗲 𝗰𝗵𝗮𝗻𝗴𝗲𝗿 for account abstraction.
So what problems does it actually solve?
We asked
@Ivshti
from
@AmbireWallet
to explain EIP-4337's ultimate potential:
"It enables the smart account revolution" 👇
So excited to support
@tatsumeeko
as they immerse thousands of Discord and mobile communities into a fantasy RPG world built to be platform agnostic, community driven & ripe with battle-tested web3 features.
A short 🧵 on what makes Tatsumeeko special
"In web2 our data is siloed. We replicated that in web3 due to lack of privacy."
@dhadrien_
, founder of
@Sismo_eth
breaks down 𝘇𝗸𝗖𝗼𝗻𝗻𝗲𝗰𝘁, new sovereign SS0 that lets users (+ app devs) leverage their data fully AND privately.
"It will enable a new generation of apps"
We just transferred 20k USDC to
@PadawanDAO
. We think this may be our biggest investment so far - not in scale but in the impact, it can have on the crypto ecosystem as a whole.
Short thread below
Some versions of the myth say Daedalus helped craft the sword for Heracles in his ‘labour’ against Hydra.
Today, Daedalus and Hydra reunite - this time fighting on the same side.
Thrilled to be a founding part of the first investment DAO fund of funds.
Read the Hydra ethos 👇
We are proud to announce the summoning of Hydra Ventures, the first dedicated investment DAO fund of funds.
With over $10m raised & ready to deploy, we're excited to back the next generation of early-stage investment DAOs.
It all started slow and almost naive. We wanted to help builders make a lasting impact on the crypto community, and shape a more open, decentralized future.
After multiple investments and well-timed patronages, it’s time to get serious.
THALES initial liquidity offering on
@BreederDodo
has been a total success so far, with almost 13m deposited (cap at 5m) 🔥
After bidding phase ends (Sept 15, 14:00 UTC) in a couple hours, cool-off period starts (lasting 12h) ⏱️
Thanks for your support!
In the end, Andre will be on the Mouth Rushmore of DeFi and it sucks to see him leave the space.
But for most projects that he’s built and helped on, it’s going to be business as usual.
The antifragility of DeFi is on full display today.
You know who’s not doomscrolling? The
@TenderlyApp
devs.
Instead, they just rolled out 4 primo features for those (still) building in web3.
So close your Coingecko for a couple mins and lets run through them together 🧵
Devs, Annons, and DAOs,
We’re pulling back the curtain on 4 exciting upgrades and new features:
⚡️ Web3 Actions
🧰 Tenderly Sandbox
⚔️ War Room Aid Kit
🪲 Debugger Chrome extension
Read the blog and unroll the thread to see highlights.
What better for Daedalus than an integration btw TWO of our portcos!
Delighted to support Overtime and Particle, each a pioneer in their field.
Overtime users can now create non-custodial accounts w/ any social login, priming for web2 sports degens.
More frens, more parlays 📋
Overtime is excited to announce that it has integrated with Particle Network
@ParticleNtwrk
to provide it's users with an easy Social Login flow and Account Creation, while keeping the same full non-custodial and permissionless nature!
With this first major step towards a full…
Delighted to support BOB as they look to bridge the gap between the ubiquitous adoption of BTC and the sea of innovation now taking place on the Bitcoin network.
BOB is a hybrid L2 secured by Bitcoin and natively connected to Ethereum, enabling the creation and execution of…
We're thrilled to announce: 𝐁𝐎𝐁 𝐡𝐚𝐬 𝐬𝐞𝐜𝐮𝐫𝐞𝐝 𝐚 $𝟏𝟎𝐌 𝐬𝐞𝐞𝐝 𝐫𝐨𝐮𝐧𝐝 led by Castle Island Ventures, alongside other leading investors! 🎉
This pivotal moment fuels our mission to launch the first hybrid L2 - a blend of Bitcoin's security and Ethereum's…
Ease of use remains the
#1
hurdle between most people and the future of finance.
Delighted to support Omni (previously Steakwallet) as they streamline staking, swaps and other flagship crypto-native features w/out sacrificing self sovereignty.
Grats on the round
@omnidotapp
🚀
Meanwhile here's
@OvertimeMarkets
quietly disrupting sports markets with their best month EVER.
> top 10 on Optimism for the past 30d
> non-custodial markets
> no KYC
> *actual* real life use case (?!?!?)
World Cup is already on-chain at ⚽
just World Cup itself generated around 100k per day volume itself on
@OvertimeMarkets
so it is obvious people loved it !
some users even called it
@Uniswap
of sports markets as well 🧐
All sessions done for the day. Time for an impromptu Godfather I reenactment somewhere deep in Mokrin's wine cellars...🚬🥃
#OfferYouCantRefuse
#Cherrypick
🍒
A new primitive for on-chain credit needs to be inherently modular, endlessly composable, and most importantly - show strong meme potential.
Gearbox V3 checks all the boxes.
Full breakdown 👇
Lending, looping, perpetuals, leverage...
On our quest to build something worthy, on our quest to evolve Onchain Credit for
#DeFi
,
#RWA
,
#NFT
, and so on... we've developed ⚙️🧰 V3!
A big Gearbox V3️⃣ thread ahead. Full article at the end.
At
@EthereumDenver
?
Don't miss our very own
@saltyfacu
's workshop on how to become a mighty strategist (Feb 18th @ 1:40 pm MST)
20 mins of full-flavored alpha followed by full-flavored beer (probably?)
#3
lending platform on Ethereum has launched a whole new base primitive.
Morpho Blue -- the latest brainchild of the team behind Morpho Optimizer (recently hit $1B+ in deposits).
Where Optimizer is a P2P layer atop AAVE/Compound, Blue is a light but powerful lending protocol 👇
Interest rate derivatives are one of TradFi's biggest asset classes. It's high time to expose the IR market to the multifold advantages of on-chain trading: from security to sinew.
Delighted to back
@Rho_xyz
as they disrupt the space - starting w/ crypto-native rates.
Follow 👇
First session of the day, we had
@sterluu
from
@DeFiSaver
share his experiences with DeFi automation and programmable risk management:
"Out of all the conferences, this session format is probably the most well-executed"
Day 3 of the
#Cherrypick
🍒 unconference underway!
Tenderly just made public testnets legacy tech.
Stop testing your applications in prod and dealing with token shortages, testnet deprecations, network congestions etc.
Tenderly’s Virtual TestNets means you can build dapps with up-to-date mainnet data and test its performance…
Public testnets were never meant for dapp development.
But until now, you had to use them.
Not anymore.
Replace public testnets with Virtual TestNets, the next-gen Web3 infrastructure designed for dapp development. 🚀
Build with mainnet data now 🧵
Tenderly is already the go-to platform for blockchain devs to simulate, test and monitor Dapps.
With $40m in Series B funding, the team is now primed to aggressively scale and support web3 natives in *every* stage of development.
Proud to be backing
@TenderlyApp
since seed 🎉
Hear ye! Hear ye! *takes the mic from the person shouting*. We have great news that we want to share with you - Tenderly just raised $40M Series B with plans to simplify blockchain development.
Please welcome the latest Daedalus angel -
@0xtoucan
!
Co-pilot and chief of staff
@graphprotocol
, Martin was previously head of biz & strategy
@OpenZeppelin
.
He joins Daedalus to expand our thesis and help builders w/ day-one lessons from scaling the biggest projects in web3.
FINAL BATCH OF SESSIONS at the
#Cherrypick
🍒 unconference is now underway:
1. Intro to EVM, structure and how it works (
@rakitadragan
)
2. Crypto payments and legal fugazi (
@niarbnotna
)
3. How to identify & analyze investment opportunities in web3 (Daedalus team)
CRUNCH TIME
Yearn: has already been Andre-less for over a year.
Literally nothing changes for Yearn’s day-to-day.
From the horse’s mouth:
@iearnfinance
@bantg
@0xWeaver
As cross-chain becomes the norm, DeFi must no longer rely on opaque intermediaries.
Extremely excited to be backing
@lagrangedev
, to enable the creation of generalized state proofs across all major chains!
Go follow before they blow up for bonus clout 🔽
1/ The future of cross-chain interoperability will be built around dynamic and data-rich relationships between multi-chain dApps.
Lagrange Labs is building the glue to securely scale zero-knowledge proof based interoperability.
This is why Cherrypick will have talks on anything from decentralized FEs or enterprise sales in web3, to on-chain state proofs and favorite dev tooling.
A total of 33 sessions tackling infra, MEV, fundraising, recruitment, NFTs, ZK, regulatory outlook + more.
Full agenda:
Permissionless markets have a new home.
Morpho Blue unsettles the AAVE paradigm, allowing anyone to create isolated markets with materially higher capital efficiency AND lower gas costs.
Now live 👇
"You can talk about vision alignment [...] but if you just get a bad feeling from someone, it's probably not worth doing."
@_grieve
on how they chose who to cut and who to keep in
@gensynai
's $43m Series A.
Full convo with Ben & Harry on Daedalus YT:
We had
@imprfekt
talk to us about recruitment in web3 today:
"It's a messy, voodoo magic process that everyone needs to 'get' on their own, depending on the team/industry they're in"
Malisha's session takeaways + favorite things about the
#Cherrypick
🍒 unconference:
How many more cycles is defi portfolio management going to be an absolute mess?
We say enough - and so does
@cove_fi
.
Thrilled to be backing Cove as they build the next wave of portfolio automation and help eliminate loss-versus-rebalancing (LVR) once and for all.
As the first…
FINAL batch of sessions for the day at the
#Cherrypick
🍒 unconference:
1. On-chain state proofs: how to cryptographically verify state from one chain on another chain. (
@Ismael_H_R
)
2. Dev tooling Q&A (
@neburo
)
3. NFT infrastructure: frameworks and development (
@bitfalls
)
"The way I always think about fundraising is that capital is an accelerant. What I don't think it is, is a way to fix problems."
@Ismael_H_R
shares his path to raising pre-seed for
@lagrangedev
on Ep. 01 of The Funded 💸
Full episode on Daedalus YT 👉
It’s live!
@StemsDAO
is about to utterly dismantle the way people think about music collabs and foster fan-to-artist relationships.
This isn't a music NFT marketplace - it’s a whole new way to connect, support and COLLABORATE with your favorite artists.
Nothing short of impressive watching
@UnboundNationIO
grow from an early guild to a full-fledged GameFi ecosystem that allineates players, NFT holders and web3 game developers.
Stoked to be backing the Unbound team 👇