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Across Protocol - Undisclosed
Overview
About Across Protocol - Undisclosed
Hack VC, Placeholder, and Blockchain Capital have invested $10MM in Across Protocol at a $200MM valuation using a Success Tokens design.
The three leading venture capital firms that specialize in web3 technology purchased 50MM Across Success Tokens from Risk Labs (the foundation that supports Across Protocol). Each success token matures on June 30, 2025 and returns 1 ACX (Across Protocol’s native token) along with the value of 1 call option on ACX struck at $0.50.
Investors
Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
---|---|---|---|---|---|---|
Fund | United States of America | 2017 | 79 | [email protected] | ||
Fund | United States of America | 2017 | 43 | -- | ||
Fund | United States of America | 2013 | 75 | [email protected] |
Company Profile / Project Introduction
Across is an optimistic insured bridge that relies on a decentralized group of relayers to fulfill user deposit requests from EVM to EVM networks. Relayer funds are insured by liquidity providers in a single pool on Ethereum and refunds are processed via the UMA Optimistic Oracle.