May 15, 2024
Intensity Labs, a crypto trading company leveraging multiple liquidity sources to provide traders with the best available rates, has successfully completed a $6.9m seed funding round. This funding round was led by Polychain Capital and DAO5. Other notable investors included Arrington Capital, Arthur Hayes’ family office Maelstrom, and Build-a-Bear, with angel investors such as Cobie, Ansem, Ser Shokunin, and Meltem Demirors also participating.
The oversubscribed round was structured as a simple agreement for future equity (SAFE) with token warrants, as confirmed by co-founder Rahul Patel.
Project | Latest Raise | Latest Raise | Stage | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|---|
Intensity Labs | May 15, 2024 | $6.9m | Seed | $62.1m | Polychain | DeFi |
Shogun: A DeFi Protocol Focused on Trader Extractable Value (TEV)
Intensity Labs is developing Shogun, a secure intent-centric decentralized finance (DeFi) protocol aimed at maximizing trader extractable value (TEV). According to Patel, Shogun’s primary goal is to enhance TEV by smartly routing liquidity through a combination of intent-based fulfillment via market makers and centralized exchanges, along with on-chain fulfillment for long-tail assets through decentralized exchanges and passive liquidity vaults.
Shogun’s platform is designed to offer users access to every token across all blockchains, streamlining the trading process by eliminating the need for multiple wallets or accounts. Patel highlighted, "It's all one interface," simplifying the user experience significantly.
Advanced Trading Tools and User Interface
The platform not only provides a unified interface but also includes various trading tools and features. Traders can benefit from the company’s trading bot, a user-friendly desktop and mobile interface, and trading widgets that can be integrated into other applications.
Patel compared Shogun to Plaid, a fintech app, for the Web3 space. He mentioned that Shogun allows non-crypto companies to integrate DeFi capabilities into their applications with minimal effort.
Upcoming Developments
Intensity Labs is set to launch its on-chain routing tool in the second quarter of 2024, accompanied by the release of its native token, GUN. This development is expected to further streamline trading operations and enhance user engagement within the DeFi ecosystem.
Seed Funding Overview and Investor Announcement
With the recent $6.9 million seed funding round in 2024, Intensity Labs is well-positioned to make significant strides in the DeFi space. The backing from renowned investors and the imminent launch of Shogun and its native token GUN highlight the company's potential to revolutionize the way traders interact with decentralized finance protocols. This investment will enable Intensity Labs to strengthen its platform, drive adoption, and solidify its place in the future of finance.
Company Profile and Platform Integration
Intensity Labs is at the forefront of the fintech revolution, developing innovative solutions that integrate seamlessly with existing financial systems. The company's intent-centric approach focuses on maximizing trader extractable value (TEV) while providing a user-friendly interface that simplifies the trading experience across multiple blockchains. By unlocking new levels of efficiency and accessibility, Intensity Labs aims to enable widespread adoption of DeFi technologies.
Strengthening the Web3 Ecosystem
As a startup dedicated to enhancing the Web3 ecosystem, Intensity Labs is committed to building a robust and versatile platform that caters to the diverse needs of crypto traders. The company's efforts to integrate on-chain and off-chain liquidity sources ensure that users have access to the best available rates, while the upcoming launch of the Shogun protocol and GUN token promises to further solidify its position in the market.
Future Prospects and Community Engagement
Looking ahead, Intensity Labs plans to continue its growth by fostering strong community engagement and developing new features that enhance the user experience. By maintaining a focus on innovation and user satisfaction, the company is poised to play a pivotal role in the evolution of the DeFi landscape, paving the way for a more decentralized and inclusive financial system.
In conclusion, Intensity Labs' successful $6.9 million seed funding round marks a significant milestone in its journey. With the support of leading investors and a clear vision for the future, the company is well-equipped to drive the next wave of DeFi innovation and adoption.
About Intensity Labs
Intensity Labs is a pioneering crypto trading company dedicated to providing traders with the best available rates by leveraging multiple liquidity sources. Our innovative approach focuses on developing advanced DeFi (Decentralized Finance) protocols designed to maximize trader extractable value (TEV).
Website: | |
X Account: | @shogunfi |
X Followers today: | 22.7K |
X Followers 30 days ago: | 11.6K |
X Follower change: | 11.1K (+ 95.7%) |
About Investor
Investor: | Polychain |
Description: | Polychain Capital is the leading digital asset investment fund globally, headquartered in San Francisco. We actively manage blockchain assets worldwide to deliver outstanding returns for our investors. Our core values include a long-term vision, exceptional intelligence, strong quantitative reasoning, and a low-ego, open-minded approach.
Through the principles of cryptographic verification, game-theoretic equilibrium, and programmatic scarcity, Bitcoin and blockchain technologies have revolutionized global systems and introduced a new class of digital assets. We believe that blockchain-based incentive systems will fundamentally reshape society. To accelerate this transformation, we allocate funds to groundbreaking technologies and the technical teams dedicated to building these ecosystems. |
Location: | San Francisco Bay Area, West Coast, Western US |
Website: | |
LinkedIn: |
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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