“We believe the next phase of growth in the evolution of DeFi will come from unlocking digital value already native to the Metaverse.”– Jamie Burke, Founder & CEO at Outlier Ventures.
We have been supporting the Open Metaverse since our inception in 2014, and in the last year alone have accelerated 100+ start-ups, raising over $300m across Base Camp programs. This is a huge testament to the exponential growth we are experiencing as a sector, the confidence in us from the wider ecosystem as a trusted partner, and the powerful network effects we enjoy as an accelerator as successful founders themselves become mentors, investors and partners to the next generation of startups.
The DeFi space has witnessed explosive growth since the DeFi summer of 2020, and remains one of the most rapidly evolving sectors in Web3. DeFi is a leading lady of the crypto ecosystem and we will keep fast-tracking great teams in this space.
In collaboration with New Order, the DeFi Base Camp is Outlier Ventures’ first Base Camp accelerator program dedicated to a specific sector within Web3. We have handpicked six teams from over 300 applicants, each of these teams are building in the DeFi space to bring solutions to the masses. These promising founders range from crypto natives, to previous web2 founders and enterprise experts, each immersed in building their high growth start-ups, DApps and protocols.
New Order is a DeFi focused venture DAO formed with the goal of building a self-governing incubator positioned to assist DeFi innovation. The partnership aims to drive DeFi innovation by leveraging New Order’s existing network of builders, investors and smart contract developers to create a new breed of next-generation decentralized financial applications which will naturally complement our Open Metaverse OS and MetaFi theses.
Our goal for the DeFi Base Camp is to help early stage DeFi startups entering the space navigate its complexities and nuances and make their success independent of short-term market cycles. In the grander scheme of things we envisage these projects contributing to the growth and de-fragmentation of the DeFi space. We’re looking forward to working closely with these teams over the next few months to fast-track their development, broadcast their success and ultimately help launch them into the Open Metaverse. We invite you to follow their journey and join us in celebrating these new builders of the Open Metaverse.
BRIGHT UNION – The 1inch of DeFi insurance
The growth of DeFi brings great risks of hacks and exploits, with USD $10.5b stolen in 2021 alone. However, the DeFi insurance market is still opaque and fragmented, with users often struggling with a lack of capital supply to underwrite these risks.
Bright Union is a web3 insurance marketplace that brings these fragmented markets together, by offering users the widest selection of insurance coverages. Users’ deposits are pooled together and staked to allow them to safely earn whilst finding capital to underwrite. They have also developed an SDK which allows 3rd party apps to integrate within the world of DeFi insurance.
Kima (formerly Diversifi) – DeFi. Unlocked. Enabling chain-agnostic Web3 apps.
The blockchain space and the liquidity within it are heavily fragmented, as a result, applications are forced to use various methods to bridge liquidity between chains. However, most bridging solutions have inherent flaws affecting security, scalability, price and more.
Kima is a platform that enables cross-chain liquidity transfers in the most capital efficient and secure way. Their solution is made up of single-token and fiat liquidity pools, decentralized settlement & orchestration layer and an adaptive fee/rewards mechanism.
IdentDeFi –Bringing institutional capital to DeFi
There is a lack of uniformity in KYC across DeFi, which makes it difficult and costly for protocols that want to integrate a system and be compliant. Whilst institutions refuse to enter DeFi pools and protocol due to the resulting absence of KYC/AML compliance.
IdentDeFi is a decentralized and open standard for on-chain compliance that allows TradFi institutions to participate in DeFi by ensuring the tokens, wallets, and pools they interact with are KYC/AML compliant.
Lazy Trade – Frictionless CeFi and DeFi portfolio management
Today, each user’s assets are increasingly scattered across exchanges and wallets on multiple blockchains. On account of this, managing a portfolio is incredibly time consuming and complex as users must now interact with different exchange/dApp UIs to track and place orders.
The Lazy Trade crypto portal: Track, manage and trade your entire portfolio across exchanges and wallets from one place. A frictionless UI to help trade and automate your portfolio across decentralized and centralized exchanges and wallets on chain.
Obey – Where Hiphop fans monetize hype!
There is no way to account for the value fans create for hip-hop artists through their activities of discovery, sharing and funding of 2.4tn streams annually. Three major record labels alone control the global streaming pipeline, siphoning USD $28B in annual subscription-revenues.
Obey is a music marketplace that enables pop culture fans to monetize music taste based upon the success of a track or an artists. They create a direct pipeline between artists and fans.
Sumeria Labs – Building a decentralized debt market for the Open Metaverse
NFT owners are unable to seize new opportunities without liquidating their existing holdings, in turn spurring negative market sentiment. NFT market growth is limited as the liquidity available is not growing fast enough to catch up with the supply of NFT projects.
Sumeria Labs are building a DeFi application, Zumer Protocol, to provide liquidity to the NFT market.
Zumer is an open-source and permissionless protocol built to serve different NFT participants and crypto yield farmers (both institutional and retail). The protocol allows NFT owners to collateralize their collections to borrow short-term or long-term loans at scale.
Please follow and support our cohort on social media channels and keep in mind that if you are building in Web 3 and might be interested in joining our next cohort you can pre-register your startup here for the next time when applications open. You can also book a call with the Outlier Ventures team during our office hours.
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