Greenfield is leading the latest $7M funding round for Panoptic. We believe that Panoptic is the next zero-to-one innovation in the DeFi realm. By building on top of Uniswap, Panoptic is not only trying to solve the trillion-dollar on-chain options problem but also enabling an entirely new set of possibilities to create novel financial products. Panoptic allows users to short LP positions and to long or short any on-chain asset via multi-leg options. It can ultimately increase the earnings of liquidity providers which deposit their LP positions into Panoptic to earn additional yield.

We are excited to co-lead the $7.4M Series A of Mangrove DAO together with Cumberland. We believe Mangrove’s unique approach to a decentralized exchange protocol and providing liquidity opens up a large design space for protocols to build on top.

Over the course of 2022, DeFi has matured. We believe this process will continue and accelerate further with yield primitives playing a significant role. Yield Derivatives are an old acquaintance of the financial world. If appropriate protocols succeed in creating meaningful use cases, they could not just enrich the toolkit of experienced DeFi users but also provide DeFi’s master key for mass adoption of TradFi professionals and institutional money. In addition, the DeFi thesis is as strong as ever given the multiple failures of centralized entities over the course of 2022. This is why we’ve been leading the recent USD 2.5 million seed extension round of the DeFi protocol APWine (now Spectra).

We are excited to be investing in the Series A of Immortal Game after leading their seed round earlier this year. In this article, we share why we believe that this project is strongly positioned to revolutionize the most well-known and one of the oldest board games on the planet by adding its opt-in metagame layer, powered by cryptoeconomics.