Investment in Fyde Treasury
Aureli Ventures is pleased to announce an investment in Fyde Treasury. The team at Fyde are building a decentralised finance (De-Fi) protocol that helps to manage the treasuries of decentralised autonomous organisations (DAOs), whilst holistically reducing risk for DAO users. They are a crypto native team formed of founding members of the Blockchain Society at London Business School, with decades of experience in traditional finance at the likes of J.P. Morgan and Deutsche Bank.
At present, the treasuries of DAOs are not sufficiently diversified, leading to increased volatility. Native DAO tokens tend to comprise a majority of treasury assets, with the sale thereof placing downward pressure on prices and compelling the forfeiture of voting rights. Aureli believes that Fyde Treasury has the potential to address these issues with their protocol, reinforcing the long-term operation of DAOs.
This strengthens our dynamic portfolio, which includes the likes of Acumen, Radom Network, Meld, Ledgity and Mintlayer.
Learn more about Fyde here: www.fyde.fi