August

Secure and capital efficient DeFi

[August @august_digital]

1/ We’re thrilled to announce that August has raised a $10M Series A to continue bringing institutions on-chain 🎉

The round was led by @dragonfly_xyz with participation from @6thManVentures, @robotventures, @ForesightVen, SCB Ltd, @Maven11Capital, @fintech_io and several high profile angels.

Read the full story at @FortuneMagazine https://t.co/6zz7XmaawI

2/ With over $7B in monthly volume and $400M in loans originated last year, August provides institutions, protocols, and OTC desks with a comprehensive suite of on-chain financial tools including: smart contract accounts, trade execution algos, borrowing/lending, options and structured products, tri-party collateral management, cross-margining and cross-chain DeFi strategies.

3/ Despite five years of innovation, DeFi is still out of touch with the institutional experience. Collateral is isolated per chain with no cross margining between CeFi and DeFi positions. August’s infrastructure enables portfolio margining across all crypto markets, both cross-chain and off-chain.

Institutions can LP into a Uniswap pool on Base, while using this position as collateral to tap into CeFi liquidity directly to hedge the impermanent loss, borrow stables on Arbitrum to trade on Hyperliquid, or write OTC options to generate yield.

4/ Putting on a multi-step position on-chain still takes institutions in the order of hours between approvals and multi-sigs. August abstracts this complexity away and makes it 1-click, with automated post-trade monitoring.

5/ With over $200B in stablecoin market cap, and companies filing to bring equities on-chain - it's only a matter of time before the $30T equities market & $18T OTC derivatives market also get tokenized. August is best positioned to facilitate that wave in the most capital efficient manner.

We're excited to continue scaling towards a future that is chain-abstracted, portfolio-margined and 1-click.

Onwards 🚀

[August @august_digital]

Today, we are launching @upshift_fi, the first dApp powered by August - democratizing access to institutional yield.

August has spent the last 2 years building the leading DeFi brokerage for institutions.

As DeFi became more complex to manage for every day users, it is now apparent that the next step change to bring assets on-chain will be using professionally curated vaults.

Upshift enables two things:

1. Users get access to products that are otherwise reserved to institutions
2. Asset issuers – stablecoins in particular – can leverage Upshift's composable vault toolkit to offer yield-bearing products to their users.

Our mission is to migrate the piping of financial markets on-chain.

We aim to build an entire ecosystem on top of August. Upshift is just the start.

Yield is the Trojan Horse.

Read more below:

[Upshift @upshift_fi]

Introducing Upshift.

Institutions, stablecoins and tokenized assets are bringing trillions onchain.

Trillions need yield.

[August @august_digital]

August 🤝 @ForesightVen

Delighted to partner with the Foresight Team to continue bringing institutions on-chain. Their team gets it.

“The potential of the intersection of TradFi capital optimization, DeFi, OTC, and algorithmic swaps in particular, is promising, and we believe the August team has the right zeal to capture more market share. With the United States at the forefront, global sentiment is increasingly favorable towards crypto, presenting a market opportunity that August can leverage with the new funding," Forest Bai, Co-Founder @ Foresight.

https://t.co/L0CFncf8OY

[Blizzard the Avalanche Fund @BlizzardFund]

We're excited to support @august_digital in their raise as they scale the next generation of on-chain financial markets 🚀

[Maven 11 @Maven11Capital]

Last week, @august_digital announced their Series A, and we are very happy to participate!

With on-chain TVL ever-increasing, August is opening the DeFi frontier to institutional investors.

🧵

[August @august_digital]

@Joshyysmartt @dragonfly_xyz @6thManVentures @robotventures @ForesightVen @Maven11Capital @fintech_io Best month of the year

[August @august_digital]

1/ We’re thrilled to announce that August has raised a $10M Series A to continue bringing institutions on-chain 🎉

The round was led by @dragonfly_xyz with participation from @6thManVentures, @robotventures, @ForesightVen, SCB Ltd, @Maven11Capital, @fintech_io and several high profile angels.

Read the full story at @FortuneMagazine https://t.co/6zz7XmaawI

2/ With over $7B in monthly volume and $400M in loans originated last year, August provides institutions, protocols, and OTC desks with a comprehensive suite of on-chain financial tools including: smart contract accounts, trade execution algos, borrowing/lending, options and structured products, tri-party collateral management, cross-margining and cross-chain DeFi strategies.

3/ Despite five years of innovation, DeFi is still out of touch with the institutional experience. Collateral is isolated per chain with no cross margining between CeFi and DeFi positions. August’s infrastructure enables portfolio margining across all crypto markets, both cross-chain and off-chain.

Institutions can LP into a Uniswap pool on Base, while using this position as collateral to tap into CeFi liquidity directly to hedge the impermanent loss, borrow stables on Arbitrum to trade on Hyperliquid, or write OTC options to generate yield.

4/ Putting on a multi-step position on-chain still takes institutions in the order of hours between approvals and multi-sigs. August abstracts this complexity away and makes it 1-click, with automated post-trade monitoring.

5/ With over $200B in stablecoin market cap, and companies filing to bring equities on-chain - it's only a matter of time before the $30T equities market & $18T OTC derivatives market also get tokenized. August is best positioned to facilitate that wave in the most capital efficient manner.

We're excited to continue scaling towards a future that is chain-abstracted, portfolio-margined and 1-click.

Onwards 🚀

[August @august_digital]

@beam_cash @dragonfly_xyz @6thManVentures @robotventures @ForesightVen @Maven11Capital @fintech_io let's bring more assets on-chain 🤝

[August @august_digital]

@0x_Abdul @dragonfly_xyz @6thManVentures @robotventures @ForesightVen @Maven11Capital @fintech_io 🫡🫡🫡

[August @august_digital]

@StableJack_xyz @dragonfly_xyz @6thManVentures @robotventures @ForesightVen @Maven11Capital @fintech_io 🚀 🤝 🔼

[August @august_digital]

@gham1lt0n @dragonfly_xyz @6thManVentures @robotventures @ForesightVen @Maven11Capital @fintech_io our early day OG supporter - thank you Geoff!

[August @august_digital]

@bobajeanjacques @dragonfly_xyz @6thManVentures @robotventures @ForesightVen @Maven11Capital @fintech_io 🦋🤝🔼

[August @august_digital]

@consensus128 🫡

[August @august_digital]

@0xRvgs @dragonfly_xyz @6thManVentures @robotventures @ForesightVen @Maven11Capital @fintech_io Thank you 🫡

[August @august_digital]

@CarlKVogel 🫡🫡🫡 Excited for our partnership and more to come!

[August @august_digital]

@lizzah982 @mdudas Have undergone 4 audits 🫡https://t.co/v5PcpmzjVB

[August @august_digital]

@roshunpatel 🫡🤝 here to keep cookin'

[August @august_digital]

@ShiliangTang 🫡🤝

[August @august_digital]

@crypto_dago @HarbingerDigAdv 🤝🫡 Grateful for all of the support along the way!

[August @august_digital]

@HadickM Locked in 🫡🤝 Excited for the partnership