Hawksight Raises $4.20M backed by Solana Ventures & Terraform Labs to Democratize DeFi

Published on: 10.12.2021

Hawksight raised $4.20M with leading strategic partners Solana Ventures and Terraform Labs to Democratize Decentralized Finance.

What is Hawksight?

The bottleneck that limits the mainstream adoption of DeFi is multifaceted. It includes a host of challenges such as a fragmented ecosystem, knowledge gaps, time-consuming & poor user experiences, and complex manual processes.

To overcome these obstacles, Hawksight is launching a DeFi app that captures the powerful alpha of DeFi in a simplified experience — thereby making it accessible to everyone. Hawksight provides 1-click automated investment & yield farming in Solana & Terra, their vaults of yield-generating indexes enable anybody to simultaneously invest in indexes and earn yield, in 1-click.

Building on Solana enables them to fulfill this mission by providing a superior user experience with cheap and fast transactions — and expanding natively to Terra also helps us give users access to the unrivaled investment and yield products on Terra to users across ecosystems in the multichain future.

They will also launch Hawksight Hotline, a localized and grassroots user onboarding system to provide a concierge service to “mint” first-time DeFi users by handholding users through creating crypto wallets, making deposits, and automatically investing & yield farming in Solana & Terra in 1-click. Hawksight Hotline will be launched in Southeast Asia, and expand globally as we localize by recruiting Hawksight Ambassadors.

$4.20M Strategic token round backed by Solana Ventures & Terraform Labs

Hawksight’s strategic token round was multiple times oversubscribed. They are humbled and excited to close the round with leading strategic partners who will work together with them in making DeFi more accessible for everyone. Their strategic partners include but are not limited to:

  • Solana Ventures and Terraform Labs
  • Leading crypto funds: NGC Ventures, Solar Eco Fund, One Block Capital, Petrock Capital Skyvision Capital, Everest Ventures Group, Doublepeak, Entrepreneur First, Global Founders Capital, Follow The Seed, and Cherubic
  • CEOs of leading projects: Norbert Bodziony (Synthetify), Ming Wu (Strips Finance), Richard Ma (Quantstamp)
  • Strategic DApps, Exchanges, and platforms: Bybit (Mirana), Gate Labs, Solanium Ventures, CropperBros Research, CSP DAO
  • SOL Big Brain — and his recently launched VC fund (Congratulations!): Big Brain Holdings

Roadmap and Schedule

Q3 2021 (Done)

  • Formed team of 15+ across Singapore, Philippines, Indonesia, Russia, & USA
  • Finalized DApp Whitepaper, Tokenomics, and DApp Trade-to-Earn concept
  • Launched Hawksight’s AI Engine and Signals Platform with 500,000+ Signal Users Across Platforms, spanning individuals to institutions from 36+ Countries, including a Southeast Asian Tech Unicorn

Q4 2021 (Done)

  • Won 1st-place in SCB10X Global DeFi Hackathon — in partnership with Terra & Polygon
  • Scale community of 1,000,000+ Signal Users Across Platforms
  • Complete private token round of $HWK tokens with strategic partners
  • DApp Platform Testing

Q1 2022

  • Token launch IDO in February 2022 in partnership with IDO Launchpads, DEXes, and CEXes
  • DApp mainnet launch in March 2022 onwards
  • Initialize and test DeFi app natively on Terra
  • Pilot Hawksight Hotline to onboard first-time DeFi users
  • Rewards & incentives for early-adopters and OG community members on Discord, Telegram, and Twitter

Q2 2022

  • Expand Hawksight Hotline in key countries to onboard first-time DeFi users
  • Expand cross-chain support
  • Integrate with more DEXes and CEXes
  • Catalyze growth through DeFi and NFT partnerships within the Solana & Terra ecosystem
  • Progressive decentralization of AI Engine and on-chain signals

About Hawksight

Hawksight makes DeFi accessible to Everyone with 1-click Automated Investments & Yield Farming — on Solana and Terra. Hawksight’s Yield-generating Indexes enable users to instantly and simultaneously invest and earn a yield on both Solana and Terra. Hawksight is backed by Solana Ventures and Terraform Labs.

Website Discord Twitter TelegramMedium

SOURCE

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