Quick take:
- Goldilocks is building a novel DeFi infrastructure on Berachain.
- The DAO plans to use the fresh capital to expand its team and advance product development.
- Its platform allows users to access the underlying liquidity of their tokens anytime without affecting the market price.
Goldilocks DAO has raised $1.5 million in a strategic VC round co-led by Shima Capital and Hack VC. The fundraising also attracted participation from Public Works, Iberia Capital, Rana DAO, Atka Incubator and several angel investors.
Goldilocks is building a suite of interconnected decentralised finance products on Berachain, a high-performance EVM-compatible blockchain built on Proof-of-Liquidity consensus.
According to the announcement, Goldilocks DAO plans to use the fresh capital to expand its team as it further develops its products.
The company has also developed NFT lending and yield trading platforms, that leverage Berachain’s “unique culture” and technical architecture.
“We’re delighted to announce the completion of our seed round, which will allow us to continue building an extensive suite of custom defi protocols that make the most of Berachain’s unique culture and technical architecture,” DAO cofounder Ampnoob to NFTgators.
Ampnoob shared that his organisation is in the process of releasing its first three products on the Berachain testnet – “Goldiswap (our unique new AMM), Goldilend (our custom NFT lending platform for Berachain NFTs) and Goldivaults (a yield tokenisation platform for Berachain defi.” Ampnoob added that all the products have recently been audited in preparation for the mainnet launch soon.
The DAO is especially excited about Goldiswap, which Ampnoob says “will be the first AMM of its kind, allowing users to access part of the value of their tokens at any time without selling via interest-free loans with no expiration.”
Commenting on its co-leading role in the fundraising, Hack VC said in a statement: “Goldilocks is one of the biggest grass-roots community movements we’ve seen in the Berachain ecosystem, and we’re thrilled to support them in any way we can!”
The Goldilocks DAO is led by a pseudonymous team, which is a custom of the overall Berachain ecosystem. It said some of the funds will go towards further product expansion and marketing.
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This news is republished from another source. You can check the original article here
