Velvet Raises $3.7M in Funding, with Participation from YZi Labs

By: theblockbeats.news|2025/07/09 12:51:53

Share

copy

BlockBeats News, July 9th, according to Cointelegraph, DeFi asset management protocol Velvet Capital announced the completion of a $3.7 million funding round. Investors included YZi Labs, Blockchain Founders Fund, FunFair Ventures, Selini Capital, Mucker Capital, PAKA, LucidBlue, Mindfulness Capital, SkyVision Capital, Gate Labs, Poolz Ventures, NexGen, Cointelegraph Accelerator, Gains Associates, Rarestone, Echo, DWF Ventures, among others. Reportedly, this funding will provide frictionless portfolio management and trading for funds, DAOs, and individual traders, while driving its governance and utility token.

You may also like

Countdown to Midterm Elections: Will the US Crypto Bill Pass the Test?

Countdown to Midterm Elections: Will the US Crypto Bill Pass the Test?

The coming year is crucial for cryptocurrency legislation, with the key question being whether lawmakers can pass a comprehensive digital asset regulatory bill before the midterm elections.

Base App is now fully open! How was your experience?

Base App is now fully open! How was your experience?

Base App is no longer limited to traditional asset management, but is a comprehensive platform that integrates social, payment, and chat functionalities.

Uniswap Pay Dispute Escalates, Maple Finance Loan volume Hits All-Time High, What's the Overseas Crypto Community Talking About Today?

Uniswap Pay Dispute Escalates, Maple Finance Loan volume Hits All-Time High, What's the Overseas Crypto Community Talking About Today?

What Has the Foreigner Been Most Interested in the Last 24 Hours?

Galaxy's 26 Predictions for Next Year: Bitcoin to Reach New ATH, Stablecoin Transaction Volume to Surpass ACH System

Galaxy's 26 Predictions for Next Year: Bitcoin to Reach New ATH, Stablecoin Transaction Volume to Surpass ACH System

Solana's total value locked in the Internet Capital Market is set to surge to $2 billion (currently around $750 million).

Aave’s $10M Token Purchase Raises Concerns Over Governance Power

Aave’s $10M Token Purchase Raises Concerns Over Governance Power

Key Takeaways: Aave founder Stani Kulechov’s $10 million AAVE token purchase sparks debates over governance power concentration. Concerns…

Web3 and DApps in 2026: A Utility-Driven Year for Crypto

Web3 and DApps in 2026: A Utility-Driven Year for Crypto

Key Takeaways The transition to utility in the crypto sector has set a new path for 2026, emphasizing…

How to Evaluate a Curator?

How to Evaluate a Curator?

Curator is an on-chain "fund manager" with no-touch capital, solely responsible for strategy and risk management

Base's 2025 Report Card: Revenue Grows 30X, Solidifies L2 Leadership

Base's 2025 Report Card: Revenue Grows 30X, Solidifies L2 Leadership

In 2025, Base further solidified its Ethereum L2 lead position, on-chain revenue increased from $2.5 million (5% of L2 total revenue) to $75.4 million in revenue (62% of L2 total revenue),

From Aave to Ether.fi: Who Captured the Most Value in the On-Chain Credit System?

From Aave to Ether.fi: Who Captured the Most Value in the On-Chain Credit System?

In the DeFi credit value chain, the entity that truly captures the most value is not the custodian or the asset issuer, but the lending protocol itself—the lending layer remains the most resilient, and most underrated moat.

Venture Capital Post-Mortem 2025: Hashrate is King, Narrative is Dead

Venture Capital Post-Mortem 2025: Hashrate is King, Narrative is Dead

Capital has already provided the answer; the value of the machine economy is flowing where

DeFi Hasn't Collapsed, So Why Has It Lost Its Allure?

DeFi Hasn't Collapsed, So Why Has It Lost Its Allure?

Because it lost the ability to change user behavior

NIGHT, with a daily trading volume of nearly $10 billion, is actually coming from the "has-been" Cardano?

NIGHT, with a daily trading volume of nearly $10 billion, is actually coming from the "has-been" Cardano?

The price pump of NIGHT may just be a taste of what Cardano has lined up for a series of upcoming plans.

2025 Token Postmortem: 84% Peak at Launch, High-Cap Project Turns into a "Rug Pull" Epicenter?

2025 Token Postmortem: 84% Peak at Launch, High-Cap Project Turns into a "Rug Pull" Epicenter?

The fundraising amount, community size, and exchange endorsement are almost unrelated to token returns, as most projects have experienced a downturn on the day of issuance.

Polymarket Announces In-House L2, Is Polygon's Ace Up?

Polymarket Announces In-House L2, Is Polygon's Ace Up?

When top-level applications begin to have the ability to independently support users, traffic, and economic activities, if the underlying network cannot provide additional value, it will inevitably be "backstabbed."

The Secret Centralization Landscape of Stablecoin Payments: 85% of Transaction Volume Controlled by Top 1000 Wallets

The Secret Centralization Landscape of Stablecoin Payments: 85% of Transaction Volume Controlled by Top 1000 Wallets

Stablecoin payments have reached nearly half of total transaction volume, but are highly concentrated in a few institutional wallets: the top 1000 addresses contributed to about 85% of the transfer volume. While P2P transactions are numerous, their share of the total amount is significantly low.

Stability in the Crypto World: Understanding Stablecoin Usage and Its Implications

Stability in the Crypto World: Understanding Stablecoin Usage and Its Implications

Key Takeaways Stablecoin use in payments has rapidly increased alongside blockchain technology advancements. Stablecoins USDT and USDC dominate…

Major Cryptocurrency Exchange Updates and Insights

Major Cryptocurrency Exchange Updates and Insights

Key Takeaways Cryptocurrency exchanges are continually evolving, adapting to new technologies, and regulatory environments. Decentralized Finance (DeFi) is…

Understand Tokenization, Differentiating Between the DTCC Model and the Direct Ownership Model

Understand Tokenization, Differentiating Between the DTCC Model and the Direct Ownership Model

On one hand, there is the modernization upgrade of the infrastructure, and on the other hand, there is innovation at the ownership level.

Countdown to Midterm Elections: Will the US Crypto Bill Pass the Test?

The coming year is crucial for cryptocurrency legislation, with the key question being whether lawmakers can pass a comprehensive digital asset regulatory bill before the midterm elections.

Base App is now fully open! How was your experience?

Base App is no longer limited to traditional asset management, but is a comprehensive platform that integrates social, payment, and chat functionalities.

Uniswap Pay Dispute Escalates, Maple Finance Loan volume Hits All-Time High, What's the Overseas Crypto Community Talking About Today?

What Has the Foreigner Been Most Interested in the Last 24 Hours?

Galaxy's 26 Predictions for Next Year: Bitcoin to Reach New ATH, Stablecoin Transaction Volume to Surpass ACH System

Solana's total value locked in the Internet Capital Market is set to surge to $2 billion (currently around $750 million).

Aave’s $10M Token Purchase Raises Concerns Over Governance Power

Key Takeaways: Aave founder Stani Kulechov’s $10 million AAVE token purchase sparks debates over governance power concentration. Concerns…

Web3 and DApps in 2026: A Utility-Driven Year for Crypto

Key Takeaways The transition to utility in the crypto sector has set a new path for 2026, emphasizing…

Popular coins

Latest Crypto News

15:46

Cryptorank has released the 2025 L1 Blockchain Daily Active Users Ranking, with BNB Chain taking the top spot

BlockBeats News, December 25th, according to CryptoRank data, the top five ranked L1 blockchain daily active user counts in 2025 are as follows:BNB Chain: 4.32 millionSolana: 3.23 millionNEAR Protocol: 3.15 millionTron: 2.55 millionAptos: 1.03 million

15:46

ZBT briefly surges above $0.16, up over 55% in 24 hours

BlockBeats News, December 25th, according to HTX market data, ZBT briefly surged above $0.16, currently trading at $0.1503, with a more than 55% increase in the past 24 hours.

15:46

HodlHer Completes $1.5M Strategic Funding Round with Participation from Chain Capital

BlockBeats News, December 25th, Injective ecosystem AI Agent-driven Web3 operating system HodlHer completed a $1.5 million strategic financing round, with participation from Chain Capital, Bitrise Capital, CGV, among others. This round of financing will be used to drive the development and ecologica...

15:16

On-chain Analyst Auntie AI Correction: Trend Research holds 580,000 ETH across 6 addresses, and the address starting with 0x9f does not belong to this entity

BlockBeats News, December 25th, on-chain analyst Ai Yi issued a correction to previous news, stating that under Yi Lihua, Trend Research does not hold 628,309 ETH across 7 addresses as previously mentioned. The address starting with 0x9f does not belong to the institution. Therefore, Trend Research ...

13:46

USD1 Market Cap Surpasses $3 Billion, 24-hour Growth of 7.68%

BlockBeats News, December 25th, USD1's market cap exceeded 3 billion US dollars, reaching 3.011 billion US dollars, a 24-hour growth of 7.68%.Prior to this, Binance launched the USD1 flexible savings product with an annualized interest rate of up to 20%.

Customer Support：@weikecs

Business Cooperation：@weikecs

Quant Trading & MM：bd@weex.com

VIP Services：support@weex.com

App