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Convergence - Undisclosed
Overview
Funding Date
January 11, 2024
Financing amount
$1.8M
Valuation
--
Category
About Convergence - Undisclosed
Convergence thrilled to announce the completion of fundraising rounds, for a total amount of $1.8M! Led by Prismatic Capital and Dewhales Capital, many investors supported Convergence along the way.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Corporate | Unknown | -- | 5 | -- | ||
| Fund | Unknown | 2023 | 13 | [email protected] |
Company Profile / Project Introduction
Convergence is an agnostic Convex-like layer that will be deployed on top of various DeFi protocols, starting with Stake DAO. To accumulate governance rights over these protocols while optimizing their underlying yield, Convergence mixes various mechanisms (gauges, staked assets tokenization, and bonding) from 3 different protocols: Curve, Convex, and OlympusDAO. As Convergence's purpose is to act as a governance black hole as well as a liquidity-providing incentivizer, the aggregation strategy will be focused on liquidity protocols first.