The Experts Behind the Krew DeFi Accelerator
The Krew DeFi accelerator launch is powered by a team of seasoned and reputable analysts and founders with extensive experience in venture capital. The team includes Adam Cader, who gained valuable experience in Research and Investments at ParaFi Capital, focusing on investments in Web3 and Decentralized Finance. Another key member is Hugo Campanella, a polyglot UX/UI designer and product veteran with experience working for companies like UBS, AXA, and Rocket Internet. Additionally, Mark Shim and Seth Jeong from ROK Capital and DeSpread are helping to bring Klaytn DeFi to a global audience. Other team members come from major traditional financial institutions such as JP Morgan, Citadel, and Fidelity.
Targeted Projects by Krew
The Krew DeFi accelerator focuses on evaluating essential elements for successful project launches. It is dedicated to supporting a range of projects built on Klaytn. The Krew team pays special attention to liquidity, tokenomics, market support, go-to-market strategies, and other project-specific factors. Currently, the DeFi accelerator has a strong presence in Asia, particularly in Korea. Krew aims to expand its reach beyond Asia and engage with global projects. Klaytn also benefits from remarkable support from Kakao Corp, best known for its popular messaging platform, KakaoTalk, in Korea.
Raising $4 Million in Pre-Seed Funding
Krew is determined to advance the Klaytn DeFi ecosystem and has raised $4 million in pre-seed funding to support its mission. Quantstamp and Ascentive Assets led the funding round. Quantstamp is a leader in Web3 security, having secured over $200 billion in digital assets with top Web3 projects such as OpenSea. The company has collaborated with over 250 startups, foundations, and enterprises to ensure the safety of their innovations, including Krew. Ascentive Assets, a private investment firm specializing in digital assets, has also shown strong interest in supporting the Krew accelerator. Other notable investors, such as ROK Capital, Novis, Krust, and Manifold, also participated in the funding round.
KLAP: A Groundbreaking Lending Protocol
One of Krew’s primary initiatives is KLAP, a non-custodial lending market protocol akin to Aave. KLAP allows users to supply and redeem assets on the Klaytn blockchain. To incentivize early adopters, the protocol rewards users with KLAP and KLAY tokens. KLAP’s launch benefits from comprehensive lessons in tokenomics, with the protocol adjusting its token emissions, staking, and claiming mechanisms to ensure optimal long-term value.
Richard Ma, CEO of Quantstamp, commended KLAP’s ability to leverage Klaytn’s technical architecture, which offers high transaction speeds, quick finality, and low transaction costs. He expressed confidence in KLAP’s innovative protocol design and its ability to serve the growing Klaytn DeFi ecosystem effectively while scaling it for mainstream adoption.
KLAP has gained significant attention, with over 30,000 social media followers on Twitter and Discord. The project had over 100,000 pre-registrations just 48 hours before the start of its campaign. With over two million active accounts on Klaytn, the platform is poised to become a global leader in blockchain adoption.
The Klaytn Foundation, a non-profit organization, is dedicated to accelerating global adoption and ecosystem maturity on Klaytn, with a particular focus on supporting the metaverse. Krew’s efforts will further promote Klaytn globally and attract a wider DeFi audience to the network.
Adam Cader, Head of Strategy at Krew, predicts that the coming months will see a reshuffle among major Layer 1 blockchains and their users. He believes Klaytn has a strong position in this race, thanks to its deep integration with Kakao and its significant presence in the Korean market. He adds that the combination of these factors makes this the perfect time to boost the Klaytn DeFi ecosystem.
