Crypto Notebook

Enzo Notebook

Crypto Alpha

CESC Demo Day Note

11/1/22

Berkeley center of crypto: Center on Responsible Decentralized Intelligence (RDI)

Research, Education, Entrepreneurship (bkl Blockchain Xcelerator)

Blockchain @ Berkeley

Co-managing Director: Gurnoor Narula (EECS), Shubhan Dua (junior, Econ + Data Sci)

founded 2016, focuses on education research and governnance

Cohort 5

Track: DeFi:

trustless transactions, payment innovation

Oak Network

Chris Li: MSFT engineer, 5 years crypto dev (prediction, gaming desk)

Investors: greylock, electric capital, shima, hypersphere, etc

stripe for web3. providing defi and payment automation

Building on Polkadot parachain, mainnet Jan 2023

This is a public L1 to solve horizontal expansion. Expanding to Ethereum next Feb

Sample product

Automation dashboard (e.g. dashboard similar to BofA)

Auto-restaking in wallet

Alfred

Cross border payments. Simply process of sending USDC.

Partner with local bank to do offramp

team comes from banking, compliance, KPMG, Deloitte, Western union

founder from Latam

sample product

same day international transfer platform using usdc

onramp: plaid, visa, off ramp with local banks, door-to-door delivery of cash

Current market US, dominican republic

expanding to brazil, chili, columbiam mexico, argentina

8k user registered, non custodial P2P USDC wallet

2% fee of use.

Raising

ViteX

Richard Yan, goldman, two sigma

Charles LIu, JD & Meituan

Cross-chain order-book dex

Saying they are combining security, liquidity, UX, permissionless (pro of cex + pro of AMM dex)

DEX volume account fro 10-20% of CEX, 95% of DEX volume from AMM

Currently 60+ coins listed

$VX stakers have earned distribution of 200 BTC to-date

Five cross-chain gateways, with 4 community-run → decentralization

86% have been released (25M / 29M)

Next step

trustless bridge

traiding bots to simplify trading

Overnight.fi

The vanguard of Defi; serve risk-averse crypto-investors

Team from BCK, Morgan Stanley, Google, Facebook, JPMorgan. Russian team

all products denominated in usdc

yield generating

issuing insurance (insured tranches qualify as collateral for USD

products

USD+ and USD+ pools at AMMs

ETS and insurance

basically engineered defi products

BD model

only need $25-30M TVL to reach $1M annual revenue. 80M in the current.

overnight’s moat is the ability to distribute USD+ and ETS via AMMs, with minimum CAC.

Numbers cannot see but they say their growth target is organic and growth plan is feasible

Looking for 3M seed round

Moon

Ken Kruger, CS @ cornell, columbia (worked on ballistic missile on submarine)

Moon is a privacy-first crypto challener bank and Banking-aaS platform.

focus on card and card issuance, partnership with visa now

primary barrier to financial service to the unbanked is documentation work

optional KYC

no fees for users

Moon make 1.5%-6% on every transaction

Building on lightning

B2B, B2C

Opportunistically taking investors on board, have 30 months of leeway

Pendulum

Alexander Wilke; team half in german, half over the world. Started building in crypto since 2014.

Layer-1 fiat infra connected to polka. It connects Fiat Networks with the defi ecosystem; try to connect tradfi to defi and vice versa

all blockchains on this network (15+ now) are tied with global banking network

FX AMM DApp built on Pendulum. Offer 2x lower slipper and fees for stablecoins while eliminating impermanent loss.

more check their white paper

⁠

https://pendulumchain.org/⁠

⁠

Now selling 10% of $PEN token for $4M

Track: Sustainability

Bitgreen

building on polkadot parachain

founder ex-Morgan Stanley, investor @ Angelist, UMich

L1 network that standardize and scale the green financial sector

renewable

microfinance

Carbon market

Focus on institutional-grade, compliant infra and marketplaces for asset financing and environmental commodities

building os for corporations to do ESG on web3

recently won a polkadot parachain slot

contracted polkadot offsetting (network-wide open audit for electricity consumption)

partnership with GEAPP (rockefella, bezos)

Avatree

Chetan the founder is UCB neuro PhD, team have creative director from Playstation and apple music

Empowering enterpreises to use carbon offsetting via NFT

collab with NFT artists to create avatree nft

along with it will come with a 1y r climate credit pack included

the tree will algorithmically grow into a tree

//bruh this is mayi senlin//

Eachtree will fruit and breed token

token can be used for real world reward or exchange for cash

BD model:

selling tree $10-100 each

selling climate credit packs //price couldn’t see but around $100//

sold as an employee wellness program to enterprises

Raising $1.5M beta launch Q2 2023

Track: GameFi

Anorra

Team: Columbia background

Treating game as investment vehicle...

quest system: level up users’ financial understanding

guild: values aligned with Anorra

increase revenue

provide additional value to their users (exactly what didn’t say)

Focus on GenZ to cold start

Raising $2M pre-seed SAFE, use for user acquisition, community development, development of video game

Curio Research

Game studio that pioneer fully on-chain games

Closed seed round recently; Yale, BKL, smrti lab (Modeo)

@0xCurio

Create novel game mechanisms and social interactions, enabled by smart contract’s composability

put game logic onchain

pro: players can interact in whatever way the smart contracts enable → no longer need to follow a strictly defined paradigm

July Demo metrics: 4 weeks, 4k unique addresses, 130k total txs’ sent

Tracks: NFTs

NoRamp

NFT purchasing infrastructure using fiat

Kody Amburgey, tradfi (merrill lynch, seedinvest by circle)

Jorge Trujillo, two times YC

uses a proprietary process (patents-pending) to activate smart cotract triggers initiated by off-chain peer-to-peer fiat payment confirmation. Result is

no buyer kyc

faster transaction

Created a quasi fiat-native digital asset layer

creators no longer need to adopt and accept crypto to mint and sell NFTs.

Aiming for $5bn business in US, just NFTs

can expand to data platform

raising $2M

Anifie

provides crossplatform NFT metaverse for corporates

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