Summary:
- Goldilocks is building a novel DeFi infrastructure on Berachain.
- With the fresh capital, the DAO wants to expand its team and advance product development.
- The platform allows users to access the underlying liquidity of their tokens at any time without affecting the market price.
Goldilocks DAO has raised $1.5 million in a strategic venture capital round co-led by Shima Capital and Hack VC. The fundraise also included participation from Public Works, Iberia Capital, Rana DAO, Atka Incubator, and several angel investors.
Goldilocks is building a suite of interconnected decentralized financial products on Berachain, a high-performance EVM-compatible blockchain based on proof-of-liquidity consensus.
According to the announcement, Goldilocks DAO plans to use the fresh capital to expand its team and further develop its products.
The company has also developed NFT lending and yield trading platforms that leverage Berachain’s “unique culture” and technical architecture.
“We are excited to announce the completion of our seed round, allowing us to continue building a comprehensive suite of custom DeFi protocols that leverage Berachain’s unique culture and technical architecture,” DAO co-founder Ampnoob told NFTgators.
Ampnoob shared that his organization 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 tokenization platform for Berachain Defi).” Ampnoob added that all products have been recently audited in preparation for the mainnet launch soon.
The DAO is particularly excited about Goldiswap, which Ampnoob says will be “the first AMM of its kind to allow users to access a portion of the value of their tokens at any time without having to sell them through interest-free loans with no expiration date.”
Of its co-lead in the fundraising, Hack VC said in a statement: “Goldilocks is one of the largest grassroots community movements we have seen in the Berachain ecosystem and we are excited to support them in any way we can!”
The Goldilocks DAO will be run by a pseudonymous team, which is common across the Berachain ecosystem. It is said that a portion of the funds will go towards further product expansion and commercialization.
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