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Nested, an all-in-one DeFi social trading platform based on financial NFTs, announced today that it has successfully closed its Series A funding round having raised $7.

Potion Unlock, a novel release model for decentralized Protocols registered sales of $12 million last January, from renowned DeFi firms and individuals. The Potion Labs team behind the project had previously raised $3.2M in August 2020 from top tier DeFi investment firms.

The project attracted interest from experienced DeFi parties such as Polychain, Placeholder, Pantera, Maven 11, The LAO, MetaCartelVentures, ParaFi, Spartan, Robert Leshner and Tarun Chitra, Fernando Martinelli, Synthetix founders, Crypto Plaza, Roble VC, CULTUR3, Lemniscap, Zee Prime, beToken Capital, among other reputed parties in DeFi.

The $12 million sale is part of a limited pre-release of an upcoming NFT collection that is about to launch as part of ‘Potion Unlock', a novel on-chain community consensus challenge that will take all the protocol code into the public domain. The game is aimed at accelerating decentralization while creating a well defined regulatory framework for dev teams and participants.

In addition to this initial sale, a broader public NFT sale will also take place, and be open to the wider community. Finally, a % of the collection is also being made available to project OG members, who will get an allocation of NFTs in recognition for their contributions to the community. 

The team plans to continue doing research and development in the Web3 space, and is committed to continue working on radically new and high quality public goods.

“We are excited about the opportunity to introduce a new class of services built from the ground up by the community for the community. We believe in a community-first approach to creating radically new technology aimed at helping users in DeFi manage the risk of their assets in a simple and reliable way,” said Guillem Mosquera, PotionLabs Co-founder, and CTO.

"We are deeply grateful to all the great ecosystem community members who decided to support our vision and team at this crucial step. We are experimenting with new approaches to sustainable web 3 public good funding, and are lucky to have innovative supporters in our community willing to enable our explorations. We are excited for them to continue playing a key role in this project's community and beyond," said Jordi Muñoz, PotionLabs Co-founder and CEO.

"Extremely sophisticated on the backend, surprisingly simple on the frontend, Potion ushers in a new era of risk management for DeFi liquidity providers (LPs) and consumers. By using the Kelly Criterion, Potion allows LPs to optimally price options according to their desired risk and yield parameters. Then, by aggregating all individual LP curves, Potion offers the best-priced options to the consumer. When people say DeFi 2.0, Potion sits at the top of that list," said Chris Burniske, Partner at Placeholder.

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About PotionLabs

PotionLabs is a web3-native research and software development company that has developed a robust risk management layer for crypto assets, the Potion Protocol. It pioneers a new risk pricing model based on the Kelly Criterion, that results in long-term survival mathematical expectations for LPs and deeper, more reliable liquidity markets for users. The project is launching shortly through a release mechanism based on NFTs. More on Potion.Finance here: https://potion.fi

PotionLabs Contact

[email protected]

    

OnJuno, the crypto app helping Americans receive their paycheck in crypto, has announced an integration with ZenGo, a multichain crypto wallet app with keyless recovery and 24/7 in-app customer support. This integration provides OnJuno users with a secure, accessible way to get paid in digital assets without fear.

ZenGo supports all current OnJuno assets, Bitcoin, Ethereum, and USDC, while storing a slew of other cryptocurrencies as well, such as DOGE, LUNA, and UST. 

Setting up a ZenGo wallet is easy, and the two companies are offering a $50 ETH or BTC bonus when users receive their first direct deposit of $250 or more. Users can start by creating an OnJuno account with the referral code ZENGO before receiving their banking numbers and deciding what percentage of their paycheck to convert to crypto. Finally, users can choose the ZenGo wallet during the sign-up process and set up a direct deposit straight to it.

“OnJuno sits at the sweet spot between crypto & banking. We believe that in order to reach a future where transactions are primarily in crypto, we need to first bridge the gap between TradFi & DeFi. Hence, we are striving to enable as many crypto native users to easily use their crypto for their day-to-day transactions and keep more & more of their total wealth in crypto. We are excited to announce this partnership with ZenGo, which is the first step towards achieving that goal. We are already in the works to announce many more partnerships with wallets across the DeFi space,” said Jack Knutson, Head of Partnerships at OnJuno.

"Getting paid in Bitcoin and Ethereum is now easier than ever. Thanks to ZenGo's integration with OnJuno, Americans can finally get an unparalleled way to get simply paid in crypto and invest, control, and recover their funds like never before,” said ZenGo CEO Ouriel Ohayon.

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About ZenGo

ZenGo is the multichain crypto wallet for everyone. Buy, trade, and earn up to 8% interest on Bitcoin, Ethereum, and 70+ other crypto assets with unbelievable simplicity and bulletproof security. ZenGo is known for its legendary, 24/7 in-app customer support and its keyless MPC technology that gives you full control over your crypto, but is always recoverable. More on ZenGo here: https://zengo.com

 

About OnJuno

OnJuno has an ambitious vision to power the next wave of billion crypto users by helping them invest, earn and save cryptocurrencies right from the safety of an FDIC-insured checking account. OnJuno's core feature, “get paid in crypto”, is currently backed by Sequoia, Polychain, Consensys and #Hashed. The team built the Nuo protocol, one of the earliest lending platforms in DeFi. Nuo was the first to introduce contract wallets and meta transactions to simplify the user experience. Nuo had processed over $100 million in margin loans and was one of the top five protocols on DeFi pulse in early 2019. Today, the same team is passionately building OnJuno - an app used and loved by employees from Apple, Google, Amazon, and crypto natives alike. By seamlessly converting paycheck to crypto and enabling crypto spending in the real world, OnJuno gives its members the financial freedom they deserve. More on OnJuno here: https://onjuno.com

OnJuno Team Contact

[email protected]

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