Share this article
MakerDAO’s Rune Christensen Joins VC Firm Dragonfly Capital
Christensen is the founder of MakerDAO, which ranks second among DeFI projects with $19.3 billion in total value locked.
By Brandy Betz
Updated May 11, 2023, 3:58 p.m. Published Nov 15, 2021, 8:24 p.m.
Make us preferred on Google
MakerDAO founder Rune Christensen has joined crypto venture capital firm Dragonfly Capital as a venture partner, Dragonfly announced in a post on Medium on Monday.
- MakerDAO was one of the first decentralized autonomous organizations (DAO) on the Ethereum blockchain. It ranks second among decentralized finance (DeFi) projects in total value locked (TVL), with $19.3 billion tied up in its smart contracts, according to data site DeFi Llama. DAI, the project’s U.S. dollar-pegged stablecoin, ranks fourth among such tokens, with an $8.5 billion market capitalization, according to CoinGecko.
- Dragonfly Capital launched in 2018 with $100 million under management. The firm tries to bridge investments in the U.S. and Asia with a focus on cryptocurrencies, new protocols and startups.
- “Rune has been a pioneer pushing the boundaries of DeFi, DAO governance and protocol security. We are honored to have him collaborating with us at Dragonfly, advancing the state of the decentralized economy and supporting our ecosystem of entrepreneurs,” wrote Dragonfly Capital Managing Partner Haseeb Qureshi in the announcement blog post.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Read More: MakerDAO’s Christensen Turns Optimistic After US Stablecoin Report
More For You
More For You
Gold firm Elemental Royalty to pay out dividends in Tether's tokenized gold
The company claimed the bragging right of being the first to let investors opt for dividend payments in a cryptocurrency, backed by gold.
What to know:
- Elemental Royalty is the first public gold firm to pay dividends in tokenized gold
- Shareholders can now elect to receive returns in Tether Gold (XAUT), a blockchain-based token backed by physical gold.
- Tokenized gold saw rapid growth over the past year amid rising retail demand for the yellow metal.
