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Hedge
Global decentralised liquidity platform
- 1-20 employees
- Fintech
- B2C
- Cryptocurrency
- Lending
- Blockchain
- Brickell, Miami, FL
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Company mission
To build Solana’s largest crypto-collateralized stablecoin by offering the most competitive margin terms.
Our take
Currently only one fifth of Solana coins are locked into defi, which means the ecosystem is losing out on what could be substantial amounts of liquidity and collateral. Hedge’s aim is to upgrade the ecosystem, by offering SOL holders a way of accessing more liquidity without relinquishing their SOL positions.
Hedge users can make low collateral deposits of SOL, mSOL, or cUSDC to access a 0% interest loan issued in USH stablecoin, which is soft-pegged to USD. There’s no repayment deadline, and the system rewards positive collateral ratios and deposits of USH into the Hedge stability pool.
The concept won Hedge the Chainlink Prize at the Solana Ignition Hackathon, and the company’s recent integration with Chainlink Price Feeds on the Solana mainnet indicates that Hedge - whilst young - is set on moving fast. Provided Solana can pull through its current rocky patch, Hedge could go on to be a strong part of its DeFi ecosystem.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Monthly stipend for gym/wellbeing memberships
- Equity and tokens
- Unlimited PTO and sick days
Funding (1 round)
Apr 2022
$3.7m
SEED
Total funding: $3.7m
Leadership
Sebastian Grubb
(Co-founder)Spent 6 years in various product manager roles at Google after completing an MEng at Imperial College London.
Chris Coudron
(CTO)Taught at Iowa State University, and subsequently worked in data science at Adobe systems and as an engineer at Betable - and freelance. Additionally co-founded ChoicePass, the perks platform ultimately acquired by Salesforce.