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 Automation dashboard (e.g. dashboard similar to BofA)
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 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
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) 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 issuing insurance (insured tranches qualify as collateral for USD USD+ and USD+ pools at AMMs basically engineered defi products 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 Moon make 1.5%-6% on every transaction 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 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 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
CESC Demo Day Note