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Dragonfly Capital
Stablecoin Protocol Level Aims to Expand $80M DeFi Yield Token With Fresh Capital Raise
The protocol's lvlUSD stablecoin hit $80 million market capitalization since its beta launch and outperformed rival yield-generating stablecoins, founders told CoinDesk in an interview.

Dragonfly Capital Aims to Raise $500M Fund: Bloomberg
Dragonfly closed its third fund, worth $650 million, in April 2022, shortly before the onset of the crypto bear market.

MegaLabs, Behind the 'Real-Time' Blockchain, Raises $20M, Led By Dragonfly
The fresh round of capital will go towards building out the MegaETH protocol, with the aim of having a testnet go live in the next few months.

Crypto Principal Trader Arbelos Markets Raises $28M Led by Dragonfly Capital
The trading firm aims to fill the gap left after crypto's credit meltdown two years ago and improve trust by offering a real-time overview of its risk exposure to clients, co-founder Joshua Lim said in an interview.

'DePIN' Is Venture Capitalists' Latest Crypto Obsession. Can It Match the Hype?
DePIN involves taking real-world infrastructure like a wireless network and running it with a blockchain-powered system. VCs are salivating, but there aren't many customers yet.

A Statement Said Ethena Labs Raised Millions From Some Big Names. Then Chaos Ensued.
"It was an honest mistake," said Ethena's co-founder.

DeFi Needs More Than ‘Synthetic High-Yield Products’: Dragonfly’s Haseeb Qureshi
The venture capitalist discusses non-ZIRP monetary policy, rebooting crypto’s market structure and why Ponzi bubbles always burst.

Sequoia, Dragonfly Back Web3 Startup Caldera in $9M Rounds
The capital will go towards hiring, partnerships and integrations.

Brevan Howard Hires Dragonfly Capital Veteran as Digital Portfolio Manager
The traditional finance giant's pickup of Kevin Hu adds to a wave of senior hires for its digital assets arm.

FTX’s Collapse a Wake-Up Call for Venture Capitalists, Dragonfly Partner Says
Tom Schmidt noted that more discerning VCs didn't invest in the failed crypto exchange.
