📁

Forty Two

Sector

Omnichain

DeFi

Round Size ($USD)

$1,000,000.00

Post Valuation

Stage

Pre-seed

Existing Commitment

$550,000.00

Deal Type

Deal Stage

New

Deal Status

Live

Ecosystem

Cosmos

Founder Name

Daniel Machlup

Deal Source

tesa_fc

Min Investment

50000

Discord Thread Link

Website

Investment Memo / Deck

AMA

Deck

Data room

Date Approached

Oct 12, 2023

Description

One-stop shop for swapping tokens, finding yield, and tracking your portfolio for Cosmos.

TGE date

Twitter

Description

Problems:

1) moving tokens across chains

2) finding where to place your tokens

3) keeping track of your tokens

Business Model

Traction

Cosmos: 

Neutron, Juno, Terra, Osmosis Testnet, Khadira Testnet

Liquid stake: Stride

Quasar, Ooni

Ethereum (EVM):

Sommelier

Optimism, Arbitrum, L2

Go-to-Market

Full launch +  1 month - after Osmosis, Khadira, Stride 

Founders

Deal

Deck

Commitment

$550k ($450 received) - Sam Casset (Consensys), Dean Aigmen, Omar (Binary Builders), Elena (Nobel), Eli Cranseki (ex-Polychain), Interoff Ventures, Peter Backhaven, Scott Muer

Min Investment size - $50k 

Feedback

Investment Memo