The Foundation For DeFi On Tezos: Draper Goren Holm Invests In Tezos Stable Technologies

Tezos Stable Technologies announces DGH Investment and upcoming TRU master token

Tim Draper is Tezos’ most prominent early investor; an early believer in the project, the venture capitalist announced he’d participate in the Tezos token sale in 2017 — the first time he ever participated in a token sale. The Tezos public sale generated over $232 million in a matter of weeks. Standing by the project through thick and thin, Draper maintained belief in what is now one of the most prominent blockchain smart-contracting protocols.

Now, as Tezos DeFi is gearing up with the launches of the first Tezos tokens and Tezos DEXs, Draper’s blockchain-focused venture studio, Draper Goren Holm, is helping to lead the charge, by backing highly-anticipated open-source projects including USDtz (the first USD-pegged stablecoin on Tezos), Tezos Finance (‘Tezfin’) lending platform, TEZEX liquidity exchange, Wrapped XTZ, and many more.

As it was announced recently, Draper Goren Holm led the recently closed seed round of financing for Tezos Stable Technologies (aka ‘StableTech’), the progenitor of those projects. StableTech is the coordinating development arm of a new Tezos foundation called the Tezos Stablecoin Foundation (TSF), a non-shareholder foundation (not to be confused with Tezos Foundation).

Beyond stablecoins and market tools, decentralized governance through the development of DAOs are another key facet of StableTech’s philosophy and endeavors. Each Tezos DeFi platform released by StableTech will also have a unique yield-generation structure; their individualized own economic genomes, respectively. The majority of governance tokens for each platform will be produced through staking; yield-generation activities. Genesis tokens are released to early backers of StableTech.

StableTech’s governance is expected to announce their intention for a public sale for its TRU token (Trustee token). Holders of TRU token would receive a proportional share of the genesis tokens to each platform through sequential airdrops. A public sale, if proposed and approved by consensus will increase the decentralization of StableTech’s “Trustee Governance System” while providing forward-thinking believers with the opportunity to partake in the process.

DeFi or Decentralized Finance as it is known, can empower and include individuals currently excluded from financial markets with barriers to entry lowered, providing greater participation and access to unexplored pools of liquidity. The rise of stablecoins and asset-backed tokens could drive the development of financial markets via new forms of transparency and data credibility.

DeFi is now one of the fastest growing sectors in crypto. Industry observers measure traction with a unique new metric — “ETH locked in DeFi”. At the time of writing, users have deposited over $600 million worth of crypto into these smart contracts.