Tim Draper’s VC Fund invests in DeFi protocols

The multi-billion dollar investor and Bitcoin advocate Tim Draper invested in two start-ups through his US venture capital fund Draper Goren Holm, which facilitate the establishment and management of DAOs.According to a press release dated June 23, Tim Draper’s VC Fund, Alon Goren and Josef Holm, invested in two start-ups that integrate DeFi-Money Market (DMM) protocols into their products. This makes it easier to manage DAOs. The team of three investors also plans to invest in other startups of this type in the future. Why? They build a bridge between Ethereum digital assets and real assets, the release said. Especially since owners can earn the entire interest in the chain.

 

Blockchain startups

As early as March of this year, the VC fund, which focuses on blockchain startups, acquired a stake in DMM DAO, the government organization for the DeFi Money Market (DMM) protocol. Specifically, DMM DAO is the governance arm of the protocol, which provides consumers with a stable 6.25 percent interest income. DMM started the DeFi money market with the help of Chainlink’s secure oracles. And to validate and make the on-chain securing of assets visible. In addition, Draper Goren Holm is increasingly looking for blockchain startups that want to integrate the DMM protocol into different industries. This includes areas such as lending, banking and insurance.