Inventory of the top five DeFi financing projects in recent times.

Original Title: "A Comprehensive Explanation of the Top Five DeFi Financing Projects in Recent Times"

Original Author: Ignas

Original Translation: Deep Tide TechFlow

What are the latest developments in the DeFi industry? Every month, I track the flow of funds to find answers. Early projects that received funding during the bear market have a great chance to thrive in the bull market. Here are the current fundraising status and the top 5 recently funded projects:

Firstly, the downward trend of fundraising has finally been reversed.

In January, there were 105 cryptocurrency fundraising transactions worth $1.27 billion - higher than the 83 transactions in December 2022. If the transaction volume and its US dollar value continue to increase, this is a good bullish signal.

Web3 and infrastructure transactions have the highest volume. DeFi accounts for 18 of these transactions - higher than the 10 in December. However, in terms of value, DeFi lags behind all other sectors, raising a total of only $68.2 million.

I looked into seed investments from a well-known venture capital firm. Most of these projects do not yet have Tokens, but if market sentiment continues to improve, I expect them to launch Tokens soon.

1. Diva

Diva is an Ethereum liquidity staking derivative (LSD) protocol supported by distributed validator technology (DVT). Stake $ETH and receive tradable divETH to earn staking rewards.

You can also install "diva operator" and earn additional rewards on your ETH by running nodes.

Diva aims to further decentralize Ethereum staking. The Diva protocol relies on distributed key generation to enhance resilience against interruptions and censorship.

The team raised $3.5 million from Gnosis, Bankless, OKx, and many investors.

2.Elixir

Elixir is building an algorithmic market-making (MM) protocol. It enables anyone to participate in MM on CEXes and DEXes. Their protocol's liquidity model allows dApps to share MM rewards with their community.

Elixir has been used by Perpetual Protocol, dYdX, Sudoswap, and Perennial project teams.

Elixir raised $2.1 million from FalconX, Op Crypto, KuCoin, and Arthur Hayes himself.

3.Architect

Former FTS President Brett Harrison raised $5 million to establish Architect.

Architect will provide institutional-grade infrastructure services for encrypted connections between various trading platforms. It is a single trading platform that facilitates easy access to custodians and self-custody options.

4.Vest Exchange

Arbitrum fan favorite Vest Exchange. Vest is a perpetual futures trading platform that allows trading of "almost all assets you can think of".

This team promises to improve risk management, provide clear risk/reward for liquidity providers, and support long-tail assets.

5.BIue

Blue provides KYC/AML transactions on DeFi protocols such as Uniswap and Curve.

This solution is based on Safe Token, an ERC20 wrapper Token that can perform KYC/AML checks on wallets involved in transactions.

KYC and AML verified wallets are recognized by BlueID, which is a credential aggregator. Its goal is to introduce institutions and reduce retail investor risk by having a "license pool".

BIue has secured a $3.2 million funding round, led by Blockchange Ventures and Fenbushi Capital.

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