Sei Launches $50M Ecosystem and Liquidity Fund to Unlock a New Era for DeFi

Sei Launches $50M Ecosystem and Liquidity Fund to Unlock a New Era for DeFi

Sei, the first Layer 1 designed for trading, announced a $50M Sei Ecosystem and Liquidity Fund to support the development of new apps on Sei and help teams bootstrap liquidity going into mainnet launch. The fund serves to rapidly accelerate the institutional adoption of decentralized finance.

The Sei #DisruptDeFi Fund has gotten commits from top venture capital firms, market makers and exchanges like Multicoin Capital, Delphi Digital, Hudson River Trading, GSR, Flow Traders, MEXC, Kronos, Hypersphere and several others. These partners will help ensure the best teams on Sei get ample opportunity to grow and bootstrap liquidity on the ecosystem at mainnet launch.

“Ironically amidst all of the current market conditions, this is a generational time to build in crypto. Much of the industry has been de-risked from an adoption and capital perspective, yet we’re still early enough where there is meaningful opportunity to make a dent. Once all the noise has subsided, we want the Sei Eco Fund to highlight the best and brightest teams,” said Jay Jog, Co-Founder of Sei.

The optimizations made to the Sei Layer 1 blockchain unlock a new design space for DeFi and makes it possible for new types of financial products to emerge - everything ranging from live sports betting to complex options and futures. Decentralized applications are able to improve their user experience and iterate on new kinds of products that would not be possible on any other Layer 1. The Sei Ecosystem and Liquidity Fund serves to empower these new applications and the bold teams behind them.

“The vision of the Sei Eco Fund is simple: back the next generation of disruptive DeFi teams and enable what cannot be done on any other Layer 1,” said Jeff Feng, Co-Founder of Sei.

For teams interested in the Sei Eco Fund: Apply Here

About Sei

Sei Labs is a contributor to the open-source Sei blockchain, the fastest Layer 1 for trading. Sei's unique chain-level optimizations enable decentralized exchanges and trading apps to offer the best user experience with modern performance and scalability. The Sei Labs team is composed of industry veterans from Goldman Sachs, Databricks, Robinhood, Google, and Nvidia.