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The L2 ecosystem is ripe for growth. While there has been success building out a competitive marketplace of protocols on the Ethereum mainnet for a financial market to exist, the L2 ecosystem has a lot of room for growth! Protocols today know how to build, but often don’t know what to build. They rely on noisy, biased sources of information: voluntary Discord chats, small-sample directed feedback collection efforts, or plain intuition to chart product roadmaps and deploy development resources.
When establishing relationships with new partner projects and building our investment portfolio, we value:
  • Individuals and projects dedicated to the advancement of the Ethereum L2 ecosystem
  • Initiatives to improve L2 infrastructure
  • Community-driven projects that fill a need identified by the DAO
Here are the criteria we apply when selecting and evaluating projects:
  1. 1.
    Need filled or met by the project
  2. 2.
    Number of users in need or affected by the potential project
  3. 3.
    Complexity of the project and likelihood of success
  4. 4.
    Tokenomics of the project
  5. 5.
    Underlying dev team’s background and potential ability to deliver
  6. 6.
    Amount of investment it would take to be a meaningful partner
  7. 7.
    Timeline and potential ROI to the treasury
  8. 8.
    Compatible values and vision with Layer2DAO
  9. 9.
    DAO’s community support for the project
  10. 10.
    Opportunity cost and risk mitigation

Treasury Holdings

An overview of our treasury holdings can be seen on Zapper.

Completed Investments

  • Sperax Investment and Partnership ($SPA Token)
  • Thales Protocol Investment and Partnership ($THALES Token)
  • Saddle Finance Investment and Partnership ($SDL Token)
  • Acre Finance Investment and Partnership ($ACRE Token)
  • Ascension Protocol Investment and Partnership ($ASCEND Token)
  • Velodrome Investment ($VELO Token)
  • SolidLizard Investment and Partnership ($SLIZ Token)
  • Vela Exchange ($VLP / $VELA Token) - POSITION CLOSED
  • New Partnerships To Be Announced Shortly