Download App
iOS & Android

DeFi protocol Panoptic completes US$7 million in seed round financing, led by Greenfield Capital

On November 20th, DeFi protocol Panoptic based on Uniswap raised $7 million in seed funding to help develop its perpetual options decentralized trading platform. The funding round was led by European cryptocurrency investment company Greenfield Capital, with participation from HashKey, gumi Cryptos Capital (gCC), L1D, Heartcore Capital, Comma3, and Zee Prime Capital.
This funding will help Panoptic further develop the platform during the current beta testing phase before its release on the Ethereum mainnet and the release of its V2 product. (The Block)


All Comments

Recommended for you

  • ON–195: DeFi 🫧 ✖ Mega Issue 💥

    Synthetix Perps' open interest has surpassed the $200 million mark, with a significant portion, nearly $120 million, coming from non-ETH and non-BTC markets. This peak reflects the highest recorded onchain open interest for altcoins, indicating a diversification beyond major cryptocurrencies into Synthetix's extensive 80+ market offerings, including crypto, forex, and commodities. This data point is a testament to the protocol's ability to cater to a broad spectrum of traders and markets.
  • Backing Brahma – The Institutional-Grade Automated DeFi Management Suite

    Brahma initially started as a DeFi structured products protocol, packaged in the form of vaults. While the vaults are still live and generating consistent yield for the depositors, the Brahma team decided to utilize the learnings from running a set of sophisticated DeFi strategies with custom monitoring and execution automated infrastructure to build Console – a product for broader DeFi.
  • Digital asset brokerage company Nonco completed US$10 million in financing, led by Valor Capital and Hack VC

    On December 9th, digital asset brokerage company Nonco completed a $10 million seed round of financing, led by Valor Capital Group and Hack VC, with participation from Morgan Creek Digital, CMCC, Lvna Capital, Theta Capital, Bullish, Bastion Trading and Libra Capital Ventures.
    It is reported that the company was spun off from OSL Digital Limited, the American division of Hong Kong digital asset platform OSL, and is composed of the same team. OSL retains a minority stake in the new company. Since its launch in April, the company's trading volume in the Americas has reached $6 billion.
  • UK Financial Conduct Authority issues warning to cryptocurrency exchange “LYKKE”

    The UK Financial Conduct Authority (FCA) has issued a warning to the cryptocurrency exchange "LYKKE", stating that the exchange may be involved in unauthorized financial promotion activities, and is also promoting financial services or products without obtaining the necessary authorization from regulatory agencies. The UK Financial Conduct Authority also warns individuals and businesses not to cooperate with it.
  • German state-owned development bank KfW plans to issue tokenized bonds in 2024

    KfW, the German state-owned development bank, plans to issue tokenized bonds in 2024. Germany's digital securities law, eWpG, supports the use of blockchain for centralized and decentralized digital custody, with the latter referred to as encrypted securities in Germany.
  • British political movement “The Other Party”: hopes to bring blockchain-powered democracy to the UK

    A political movement called "The Other Party" has been launched in the UK, aiming to bring decentralized, blockchain-based direct democracy to the country. These measures include a "governance passport" that allows citizens to actively participate in legislation and policy decisions.According to a statement, The Other Party hopes to break the traditional centralized political structure with the support of blockchain technology, paving the way for a more direct and transparent democratic process. Its mission is to eliminate the centralization of politicians and return it to the people, ensuring that every voice can be heard, every vote is important, and every decision is transparent and clean by utilizing blockchain technology.
  • Gaming Studio Gacha Monsters Raises $3M Seed Round for Immersive IP Development

    Gacha Monsters has raised $3 million in a seed round led by Animoca Brands to develop immersive intellectual property (IP) across various formats, including video games, anime, comics, physical merchandise, and Web3. The company combines original IP with established properties to bridge the gap between traditional and interactive entertainment. Its first IP, Poglin, which features a world filled with mythical creatures, is set to launch the alpha version in Q1 2024. Gacha Monsters plans to roll out Poglin into a multi-media product and has secured strategic technology partnerships with Opensea, SUI, and Open Loot, as well as integration with Arbitrum.
  • Mocaverse completed a new round of financing of US$11.88 million, with participation from OKX Ventures and others

    On December 8th, Animoca Brands' NFT series Mocaverse announced that it has completed a second round of financing of $11.88 million, with participation from Block1, OKX Ventures, Foresight Ventures, Polygon Ventures, Dapper Labs, and others. As of now, Mocaverse's total financing has reached $31.88 million, and the new funds will be used to promote Mocaverse's establishment of a digital identity and scoring system for Web3 games, culture, and entertainment.
  • Sandwich Attacks: Are You on the Menu?

    Explanation of “front running” risks in crypto and how to avoid them
  • Zero-knowledge platform Sindri completes US$5 million in seed round financing

    Zero-knowledge infrastructure platform Sindri has raised $5 million in seed funding led by CoinFund. Sindri will use the latest funding to expand its team, expand its developer network, and build a comprehensive zero-knowledge-based developer stack.
    Previously, the project received $2 million in seed funding in June 2022. Sindri enables developers to verify data through zero-knowledge proofs and use it for research use cases and blockchain applications.