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Astrolab - Pre-Seed
Overview
Funding Date
December 9, 2022
Financing amount
$0.5M
Valuation
--
Category
Subcategory
About Astrolab - Pre-Seed
Astrolab has raised $500,000 in a pre-seed round with leading investors Apollo Capital, Jane Street, 0xVentures, and Upside DAO. The round was further supported by a number of select angel investors and crypto OGs who share vision for the ever-evolving and promising omnichain future.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | Australia | 2017 | 19 | [email protected] | ||
| Fund | United States of America | 2000 | 19 | -- | ||
| DAO | -- | 2021 | 34 | -- | ||
| DAO | Australia | -- | 3 | -- |
Company Profile / Project Introduction
Astrolab Finance is an omni-chain yield aggregator allowing users to deposit assets in pools located on multiple chains with just one click. Bridging, routing and compounding is done automatically. Astrolab lets users allocate their capital both safely and efficiently in a challenging multi-chain DeFi environment.
Astrolab leverages state-of-the-art cross-chain messaging technologies, allowing for communication between DeFi protocols on independent blockchains. As everything is done on-chain in a decentralized way, users always stay in full control of their capital. Deposits and withdrawals can be carried out at any time, in a permissionless and trustless manner. Composability is one of the best features of DeFi, and Astrolab is being built with the long-term vision of fully merging with the EVM ecosystem. Users should, for example, be able to use their deposited capital as collateral to contract loans or to leverage their deposits even further. Astrolab sits at the start of your DeFi strategy, not the end. These features will be supported by innovative tokenomics creating a positive feedback loop, also known as the "flywheel effect’.