In this thrilling episode, I am joined by Elie (CEO at ColonyLabs) and we explored In this episode, we explore the groundbreaking initiatives of Colony Lab within the dynamic Avalanche ecosystem. Colony Lab, powered by $CLY, stands as a community-driven accelerator with a mission to break the constraints of traditional venture capitalists, emphasizing decentralization and community inclusion.
Here are some key takeaways from this episode:
- Elie has extensive experience in finance, having worked for major firms including UBS in Paris.
- He became interested in cryptocurrency in 2013/2014, and in early 2017, he went full time.
- In late 2021, ColonyLabs raised a total of $21 million through fundraising. The following is a rough breakdown of that amount:
-$17.5M: Private sale including numerous venture capitalists and the Colony Lab community.
-$1 million: Seed sale, mostly to Avax Ecosystem partners such as Yieldyak and Avalabs.
-$2.5 million: Public sale via Avalaunch
The following are some benefits of staking $Cly:
1) Partially profiting from index fees in $CAI and yields in $Avax tokens.
2) Airdrops of free tokens from newly launched projects on Avalanche, thanks to investment from Colony Labs.
3) In private sale rounds, the size of the allocation you receive is determined by the amount of $CLY you stake.
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Decentralized Funding and Liquidity: Unveiling Colony Labs on Avalanche | Inside The Hive With Feezy podcast - Listen or read transcript on Metacast
