⚡ TFC Newsletter: 10/13/2022

Discover the latest and greatest Crypto products

Author

ToolsForCrypto Admin
October 13, 2022

💡 Intro

Welcome to TFC’s daily newsletter! Thanks for subscribing, we’re working hard to give you the best info on the most exciting crypto products.

If you’re a builder, investor, or crypto enthusiast, this will benefit you!

Note: Do you have a product or tool you’re building? Have one you’d suggest? DM us on twitter! We’re always happy to feature products from the TFC community.

Juno

"Crypto Friendly Banking"

Type of Product: Banking

Purpose of Tool: Juno is a digital banking platform that offers a high-yield checking account – the Juno Checking Account. This includes the option to set up a direct deposit and receive part or all of your cash paychecks in crypto (BTC, ETH, or USDC) in a Juno Crypto Account or any wallet of your choice.

The Juno Debit Card is an extension of our Checking Account and Crypto Account, so you can make everyday purchases on the go using Cash or Crypto (USDC).

Team / Funding / Backers / Other Info: Juno is a San Francisco, California-based crypto digital banking firm that raised $18M in its Series A funding. This round was led by Mac Private Equity, Inc., the offshore private equity firm owned by Mac McClafferty, and included other crypto industry figures that are part of McClafferty’s consortium of Caribbean investors.

L2BEAT

"The state of the layer two ecosystem"

Type of Product: Developer Tool

Purpose of Tool: L2BEAT is a research website for Ethereum layer two scalability solutions. L2BEAT was created to provide transparent and verifiable insights into emerging layer two (L2) technologies which, in line with the rollup-centric Ethereum scaling roadmap, are aimed at scaling Ethereum.

L2BEAT will track only L2 projects (at first on Ethereum only) and will eventually report not just TVL but various metrics related to the liveness and security of these projects.

Team / Funding / Backers / Other Info: Last year December 8, 2021, L2BEAT listed nineteen Layer 2 solutions live on Ethereum Mainnet. At the time of the write-up, Arbitrum Optimistic Rollup is listed as #1 on the L2Beat site, with over $2.4B dollars worth of capital moved to it from Ethereum.

Parcel

“PaymentOS for the Contributor Economy"

Type of Product: DAO Payroll Tool

Purpose of Tool: Parcel is a suite of tools to scale DAO financial operations and empower DAO contributors. Parcel helps you navigate past the slow & frictional world of on-chain DAO payments with their elegant, near-zero gas platform.

Parcel is an optimized payroll for a growing DAO contributor base. Track & execute fast-paced settlement across teams with any ERC 20 or Polygon native token, CSV files are also supported.

Team / Funding / Backers Info / Transaction Amount: Parcel is a crypto startup based in India which raised $2.5 million in seed funding. Dragonfly Capital led the round, with Scalar Capital, A Capital, Compound, Consensys, 6th Man Ventures also participating. Angel investors including Cooper Turley of Audius, Leighton Cusack of PoolTogether, and Ryan Sean Adams of Mythos Capital, also backed the round.

Jupiter

“For smart traders who like money"

Type of Product: DEX

Purpose of Tool: Jupiter is the key liquidity aggregator for Solana, offering the widest range of tokens and the best route discovery between any token pair. They aim to provide the most friendly UX for users and the most powerful tools for developers to allow them to access the best-in-class swap in their application easily, interface, or on-chain programs.

Integrate with Jupiter in order to:

  • Offer best price swaps for your users

  • Automatically stay up to date with the latest tokens and liquidity sources

  • Make swaps a revenue source by adding your own platform fee to the transaction

  • Set caching options to make your swap as speedy or as precise you wish.

Team / Funding / Backers Info / Transaction Amount: Jupiter Exchange closed a $5 million seed funding round led by White Hilt Capital in order to build out its alternative asset exchange using fractional NFT technology last July 25, 2022. White Hill Capital partnered with Jupiter to facilitate its vision.

  • Loren Dealy Mahler - CEO

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Disclaimer: None of this is to be deemed legal or financial advice of any kind. Always DYOR!