{"id":68715,"date":"2022-10-17T19:21:26","date_gmt":"2022-10-17T16:21:26","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=68715"},"modified":"2025-09-07T15:41:37","modified_gmt":"2025-09-07T12:41:37","slug":"tapio-protocol-on-polkadot-raises-4-million-in-seed-funding","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/tapio-protocol-on-polkadot-raises-4-million-in-seed-funding\/","title":{"rendered":"Tapio Protocol on Polkadot raises $4 million in seed funding"},"content":{"rendered":"<p>Tapio Protocol, built on Polkadot, raises $4 million in seed round led by Polychain Capital, Hypersphere and Arrington Capital.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Thrilled to announce our $4M fundraising round led by <a href=\"https:\/\/twitter.com\/polychaincap?ref_src=twsrc%5Etfw\">@polychaincap<\/a> <a href=\"https:\/\/twitter.com\/hypersphere_?ref_src=twsrc%5Etfw\">@hypersphere_<\/a> <a href=\"https:\/\/twitter.com\/arringtonXRPcap?ref_src=twsrc%5Etfw\">@arringtonXRPcap<\/a> along with <a href=\"https:\/\/twitter.com\/TheSpartanGroup?ref_src=twsrc%5Etfw\">@TheSpartanGroup<\/a> <a href=\"https:\/\/twitter.com\/LongHashVC?ref_src=twsrc%5Etfw\">@LongHashVC<\/a> <a href=\"https:\/\/twitter.com\/cmsholdings?ref_src=twsrc%5Etfw\">@cmsholdings<\/a> <a href=\"https:\/\/twitter.com\/d1ventures?ref_src=twsrc%5Etfw\">@d1ventures<\/a> <a href=\"https:\/\/twitter.com\/0xVenturesDAO?ref_src=twsrc%5Etfw\">@0xVenturesDAO<\/a> <a href=\"https:\/\/twitter.com\/GenblockCapital?ref_src=twsrc%5Etfw\">@GenblockCapital<\/a> <a href=\"https:\/\/twitter.com\/ValhallaFund?ref_src=twsrc%5Etfw\">@ValhallaFund<\/a> <a href=\"https:\/\/twitter.com\/pakafund?ref_src=twsrc%5Etfw\">@pakafund<\/a> <a href=\"https:\/\/twitter.com\/DoublePeakGroup?ref_src=twsrc%5Etfw\">@DoublePeakGroup<\/a> &#038; a group of amazing angel investors! <a href=\"https:\/\/t.co\/PB2dDg0tpG\">pic.twitter.com\/PB2dDg0tpG<\/a><\/p>\n<p>\u2014 Tapio \ud83e\udddd\ud83e\udddd\ud83c\udffc\u200d\u2642\ufe0f (@TapioProtocol) <a href=\"https:\/\/twitter.com\/TapioProtocol\/status\/1582026568548818945?ref_src=twsrc%5Etfw\">October 17, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The round also included Spartan, LongHash, 0xVentures, CMS, D1 Ventures, 11-11 DG Partners, Genlock, Valhalla, PAKA and Double Peak.<\/p>\n<p>The project developers are building a platform for synthetic assets designed to improve staking efficiency and derivatives trading.<\/p>\n<p>Tapio Protocol representatives say that liquidity fragmentation is characteristic of Polkadot-based derivatives. According to them, the funds raised will be used to address this issue.<\/p>\n<p>To unite DOT derivatives into a single asset, the developers created the tDOT token, available in the Acala DeFi hub.<\/p>\n<p>As previously reported by ForkLog, in the third quarter Polkadot <a href=\"https:\/\/forklog.com\/en\/news\/polkadot-developers-log-a-record-15433-commits-in-september\">made 15,433 commits on GitHub<\/a>.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news on our <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tapio Protocol on Polkadot raised $4 million in a seed round led by Polychain Capital, Hypersphere and Arrington Capital.<\/p>\n","protected":false},"author":1,"featured_media":68716,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1461],"class_list":["post-68715","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-polkadot-dot"],"aioseo_notices":[],"amp_enabled":true,"views":"36","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/68715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=68715"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/68715\/revisions"}],"predecessor-version":[{"id":68717,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/68715\/revisions\/68717"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/68716"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=68715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=68715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=68715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}